7 U.S. Code § 3371 - Matching funds requirement

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(a) In general
The recipient of a competitive grant that is awarded by the Secretary under a covered law shall provide funds, in-kind contributions, or a combination of both, from sources other than funds provided through such grant in an amount that is at least equal to the amount of such grant.
(b) Exception
The matching funds requirement under subsection (a) shall not apply to grants awarded—
(1) to a research agency of the Department of Agriculture; or
(2) to an entity eligible to receive funds under a capacity and infrastructure program (as defined in section 6971 (f)(1)(C) of this title), including a partner of such entity.
(c) Waiver
The Secretary may waive the matching funds requirement under subsection (a) for a year with respect to a competitive grant that involves research or extension activities that are consistent with the priorities established by the National Agricultural Research, Extension, Education, and Economics Advisory Board under section 3123 (c)(1)(B) of this title for the year involved.
(d) Covered law
In this section, the term “covered law” means each of the following provisions of law:
(1) This chapter.
(2) Title XVI of the Food, Agriculture, Conservation, and Trade Act of 1990 (7 U.S.C. 5801 et seq.).
(3) The Agricultural Research, Extension, and Education Reform Act of 1998 (7 U.S.C. 7601 et seq.).
(4) Part III of subtitle E of title VII of the Food, Conservation, and Energy Act of 2008.
(5) Section 450i of this title.

Source

(Pub. L. 95–113, title XIV, § 1492, as added Pub. L. 113–79, title VII, § 7128(a),Feb. 7, 2014, 128 Stat. 877.)
References in Text

The Food, Agriculture, Conservation, and Trade Act of 1990, referred to in subsec. (d)(2), is Pub. L. 101–624, Nov. 28, 1990, 104 Stat. 3359. Title XVI of the Act is classified principally to chapter 88 (§ 5801 et seq.) of this title. For complete classification of this Act to the Code, see Short Title of 1990 Amendment note set out under section 1421 of this title and Tables.
The Agricultural Research, Extension, and Education Reform Act of 1998, referred to in subsec. (d)(3), is Pub. L. 105–185, June 23, 1998, 112 Stat. 523. For complete classification of this Act to the Code, see Short Title note set out under section 7601 of this title and Tables.
The Food, Conservation, and Energy Act of 2008, referred to in subsec. (d)(4), is Pub. L. 110–246, June 18, 2008, 122 Stat. 1651. For complete classification of this Act to the Code, see Short Title note set out under section 8701 of this title and Tables.
Effective Date

Pub. L. 113–79, title VII, § 7128(c),Feb. 7, 2014, 128 Stat. 879, provided that:
“(1) New grants.—Section 1492 of the National Agricultural Research, Extension, and Teaching Policy Act of 1977 [7 U.S.C. 3371], as added by subsection (a), shall apply with respect to grants described in such section awarded after October 1, 2014, unless the provision of a covered law under which such grants are awarded specifically exempts such grants from the matching funds requirement under such section.
“(2) Grants awarded on or before october 1, 2014.—Notwithstanding the amendments made by subsection (b) [amending sections 450i, 3151, 3322, 3333, 5813, 5924, 5925, 5925b, 7626, 7632, and 8114 of this title], a matching funds requirement in effect on or before the date of the enactment of this section [Feb. 7, 2014] under a provision of a covered law shall continue to apply to a grant awarded under such provision on or before October 1, 2014.”

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The most recent Classification Table update that we have noticed was Tuesday, August 13, 2013

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7 USCDescription of ChangeSession YearPublic LawStatutes at Large
§ 3371nt new2014113-79 [Sec.] 7128(c)128 Stat. 879
§ 3371new2014113-79 [Sec.] 7128(a) "1492"128 Stat. 877

 

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