Matching funds

Matching funds means the 25 percent of total eligible project costs required by 7 U.S.C. 8107 (REAP) to be eligible to receive a guaranteed loan. Funds provided by the borrower in excess of matching funds are not matching funds.

Source

7 CFR § 5001.3

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Scoping language

The following definitions are applicable to the capitalized terms used in this part.

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