Common use of Acceptable Forms and Source of Match Clause in Contracts

Acceptable Forms and Source of Match. The required match may be either an actual expenditure or an in-kind contribution. In-kind contributions are typically in the form of labor, services, software licenses, and equipment. Actual expenditures shall be recognized in conformance with the Generally Accepted Accounting Principles. Match funds may be from the Participant or third parties, to the extent the funds are not sourced by, or considered discretionary funds under the control of, a state agency, as defined in Mass. Gen. Laws ch. 6, § 39.

Acceptable Forms and Source of Match. The required match may be either an actual a cash expenditure or an in-kind contribution. In-kind contributions are typically in the form of labor, services, software licenses, and licenses & equipment. Actual expenditures shall be recognized in conformance with the Generally Accepted Accounting Principles. Match funds source may be from the Participant grantee or from third parties, to the extent the funds are not sourced by, or considered discretionary funds under the control of, a state agency, as defined in Mass. Gen. Laws ch. 6, § 39although certain grant programs may have restrictions on source of matching contributions.