12 CFR 1805.501 - Comparability of form and value.
(a) Matching funds shall be at least comparable in form (e.g., equity investments, deposits, credit union shares, loans and grants) and value to financial assistance provided by the Fund (except as provided in § 1805.502). The Fund shall have the discretion to determine whether matching funds pledged are comparable in form and value to the financial assistance requested.
(b) In the case of an Awardee that raises matching funds from more than one source, through different investment instruments, or under varying terms and conditions, the Fund may provide financial assistance in a manner that represents the combined characteristics of such instruments.
(c) An Awardee may meet all or part of its matching requirements by committing available earnings retained from its operations.
Title 12 published on 2014-01-01
no entries appear in the Federal Register after this date.