Common use of Cost Sharing or Matching Clause in Contracts

Cost Sharing or Matching. 1. For all federal or state awards, any shared costs or matching funds and all contributions, including cash and third-party in-kind contributions must be accepted as part of the Subrecipient’s cost sharing or matching when such contributions meet all of the following criteria: i. Are verifiable from the Subrecipient’s records. ii. Are not included as contributions for any other state or federal award. iii. Are necessary and reasonable for accomplishment of project or program objectives. iv. Are allowable under the Cost Principles established in 2 CFR Part 200, Subpart E. v. Are not paid by the federal or state government under another federal or state award, except where the federal or state funds made available for such program can be applied to matching or cost sharing requirements of other federal or state programs. vi. Are provided for the approved budget when required by the state awarding agency; and vii. Conform to 2 CFR §200.306 “Cost Sharing” or matching and the TxGMS.