Title 15 — Commerce and Trade
Chapter 95 — Microenterprise Technical Assistance and Capacity Building Program
§ 6906. Matching requirements
Statutory text
In general
Financial assistance under this chapter shall be matched with funds from sources other than the Federal Government on the basis of not less than 50 percent of each dollar provided by the Administration.
Sources of matching funds
Fees, grants, gifts, funds from loan sources, and in-kind resources of a grant recipient from public or private sources may be used to comply with the matching requirement in subsection (a).
Exception
In general
In the case of an applicant for assistance under this chapter with severe constraints on available sources of matching funds, the Administrator may reduce or eliminate the matching requirements of subsection (a).
Limitation
Not more than 10 percent of the total funds made available from the Administration in any fiscal year to carry out this chapter may be excepted from the matching requirements of subsection (a), as authorized by paragraph (1) of this subsection.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Riegle Community Development and Regulatory Improvement Act of 1994
Pub. L. 103–325 title I § 177 · 108 Stat. 2160
Enacted · 15 U.S.C. § 6906
(Pub. L. 103–325, title I, § 177, as added Pub. L. 106–102, title VII, § 725, Nov. 12, 1999, 113 Stat. 1474.)
Source evidence
Code source credit
(Pub. L. 103–325, title I, § 177, as added Pub. L. 106–102, title VII, § 725, Nov. 12, 1999, 113 Stat. 1474.)
0 of 1 references resolved to an enrolled provision · 1 partial
Credits
(Pub. L. 103–325, title I, § 177, as added Pub. L. 106–102, title VII, § 725, , 113 Stat. 1474.)