[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR314.5]

[Page 638]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 314_PROPERTY--Table of Contents
 
                            Subpart A_General
 
Sec.  314.5  Federal Share.

    For purposes of this part, ``Federal Share'' means that portion of 
the current fair market value of any Property (after deducting actual 
and reasonable selling and repair expenses, if any, incurred to put the 
Property into marketable condition) attributable to EDA's participation 
in the Project. The Federal Share excludes that portion of the current 
fair market value of the Property attributable to acquisition or 
improvements before or after EDA's participation in the Project, which 
are not included in the total Project costs. For example, if the total 
Project costs are $100, consisting of $50 of Investment Assistance and 
$50 of Matching Share, the Federal Share is fifty (50) percent. If the 
Property is disposed of when its current fair market is $250, the 
Federal Share is $125 (i.e., fifty (50) percent of $250). If $10 is 
spent to put the Property into salable condition, the Federal Share is 
$120 (i.e., fifty (50) percent of ($250-$10)).