Utah Admin. Code R357-11-5 - Matching Funds
(1) Matching funds
may be considered in granting an award if the Office provides notice of such a
requirement in the application. If considered a grant recipient must show proof
of the matching funds.
(2) Matching
funds may be raised and spent at any time prior to submitting an invoice to the
TCIP
(a) Grant recipient must submit bank
statements (for Licensees) or financial statements (for Universities)
demonstrating that the matching funds were available during the match
period.
(b) If matching funds have
been required by the Office to be a condition precedent to a grant award,
matching funds do not have to be in place at the time of the application, but
must be in place before TCIP funds are disbursed within the contract period of
one year.
Notes
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