Haw. Code R. § 13-140-44 - Matching funds

(a) Where the awardee of a management grant is a county agency or nonprofit land conservation organization, the board shall require additional matching funds of at least twenty-five per cent of the total project costs. Matching funds may be in the form of:

(1) Direct moneys;

(2) A combination of public and private funds;

(3) Land value donation;

(4) In-kind contributions; or

(5) Any combination of the above.

(b) Qualifying entities shall supply evidence of the matching funds to the satisfaction of the department prior to distribution of the grant.

(c) For management grants, matching funds costs shall be determined by the department and limited to the following:

(1) Equipment;

(2) Maintenance and repair;

(3) Materials and supplies;

(4) Professional services to prepare a management plan; and

(5) Professional services to prepare an environmental assessment.

(d) Qualifying entities shall supply evidence of matching funds sources and expenditures to the satisfaction of the department prior to distribution of the grant.

(e) Matching fund expenditures must be reasonable and necessary for accomplishing project objectives and the purpose of the program.

(f) Qualifying entities must demonstrate the basis and method for valuation of in-kind contributions. Donated services must be provided by skilled professionals. In-kind contributions must be an integral and necessary part of the approved project.

(g) In cases where the actual total project costs at time of payment are less than the estimated total project costs stated in the project application, the department shall require awardees to maintain the same proportion of matching funds to awarded funds that is set forth in the project application.

Notes

Haw. Code R. § 13-140-44

[Eff 7/21/12] (Auth: HRS § 173A-7) (Imp: HRS §§ 173A-5, 173A-9)