Local Matching Funds definition

Local Matching Funds means the contractor’s non-federal tax dollars that are not otherwise obligated and are designated or certified to match the FFP rate of reimbursement. This revenue must be in the contractor’s budget and under the contractor’s control. These funds cannot be contributed by healthcare providers as local matching funds and subcontractor cannot certify local match funding. All local match funds must meet CPE requirements.
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Local Matching Funds means general funds, securities, general revenue bonds, tax levies, mortgages and locally generated monies. Local matching funds do not include any pledges as defined in this Section; any funds from the State of Illinois or the federal government; any funds from collateralized pledges; or pending referendum to authorize funds for the construction project.
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Local Matching Funds means funds of a unit of government contributed to an economic development project for the purpose of assisting in a total financing package and earning (or winning) other funds by doing so. Matching is usually expressed as a ratio, i.e. one local dollar for three state dollars, or one for three.
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Examples of Local Matching Funds in a sentence

  • County’s contribution towards the Total Local Matching Funds (“County Participation”) equals the difference between the Total Local Matching Funds and the other available local matching funding sources, as identified in subsections 4(a) – 4(e) below (“Additional Local Matching Funds”).

  • In addition to making the payments described in Sections 6.1.1 through 6.1.6 of this Agreement, City shall pay all Finance Costs associated with City’s borrowings described in paragraph.6.1.2. It is estimated that $3.367 million of the City revenues used to pay said Finance Costs will be eligible Local Matching Funds; provided, however, that the actual amount of City funds used to pay Finance Costs that may be eligible as Local Matching Funds shall be that amount actually incurred and approved by FTA.

  • The undersigned further affirms that all Additional Local Matching Funds and all in- kind funding has been reported to County.

  • If the amount of Additional Local Matching Funds increases by more than Ten Thousand Dollars ($10,000) or State funding under the BBHC Agreement decreases by more than Ten Thousand Dollars ($10,000), County may, in its sole discretion, decrease County Participation by providing written notice to Provider (without the requirement of any formal amendment to this Agreement), so that the State-to-local ratio required by the Act remains at 75-to-25.

  • If the amount of Additional Local Matching Funds decreases or State funding under the BBHC Agreement increases causing the Total Local Matching Funds to be less than the 75-to-25 State-to-local ratio, and Provider has, using good faith and diligence, exhausted all attempts to secure other Additional Local Matching Funds, County may increase County Participation to meet the 75-to-25 State-to-local ratio.


More Definitions of Local Matching Funds

Local Matching Funds means funds received from governing bodies of local government, including city commissions, county commissions, district school boards, special tax districts, private hospital funds, private gifts, both individual and corporate, and bequests and funds received from community drives or any other sources.
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Local Matching Funds means the financial assistance from local entities that support the operation of the transit system as required by a grant to match the federal contribution. These include, but are not limited to: tax levies; general funds; specified contributions, contributions from city, county, or other municipal government towards the Local Share portion of the transit system budget; and other revenues such as advertising.
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Local Matching Funds means jointly the following contributions to pay Project Costs (a) $36.333 million by the County, (b) $45.533 million by City (which includes LID funds), (c) $22.866 million by PDC, (d) $23 million by ODOT, (e) $3.12 million private property donation, (f) $87.935 million by TriMet (which includes funds attributable to MTIP), and (g) County, City, TriMet and PDC funds used to pay Finance Costs associated with providing these grant contributions that are eligible under FTA guidelines to count as Local Matching Funds. These contributions may be revised from time to time by written agreement.
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Local Matching Funds means the contributions to pay Project Costs, including In- Kind Contributions, provided by the State of Oregon through ODOT, TriMet, City of Portland, City of Milwaukie, Clackamas County, PDC, Metro through the MTIP allocation to TriMet, and any other local or state entity contributing funds to pay Project Costs.
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Local Matching Funds means at least fifty percent or more of the total program or project cost which must be provided by the city or community group submitting an application for a grant and which shall not include any portion of another state or federal grant.
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Local Matching Funds means the financial assistance from local entities that support the operation of the transit system as required by a grant to match the federal contribution. They include, but are not limited to: tax levies; general funds; specified contributions, contributions from city, county, or other municipal government towards the Local Share portion of the transit system budget; and other revenues such as advertising.
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Local Matching Funds means funds received
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