Section 692.113 - What are the matching requirements for the GAP Program?(a) The matching funds of a partnership-(1) Shall be funds used for making LEAP Grants to eligible students under this subpart;(2) May be- (ii) A noncash, in-kind contribution that- (B) Has monetary value, such as a tuition waiver or provision of room and board, or transportation;(C) Helps a student meet the cost of attendance at an institution of higher education; and(D) Is considered to be estimated financial assistance under 34 CFR 673.5(c) ; and(3) May be funds from the State, institutions of higher education, or philanthropic organizations or private corporations that are used to make LEAP Grants under GAP.(b) The non-Federal match of the Federal allotment shall be-(1) Forty-three percent of the expenditures under this subpart if a State applies for a GAP allotment in partnership with-(i) Any number of degree-granting institutions of higher education in the State whose combined full-time enrollment represents less than a majority of all students attending institutions of higher education in the State as determined by the Secretary using the most recently available data from IPEDS; and(ii) One or both of the following- (A) Philanthropic organizations that are located in, or that provide funding in, the State; or(B) Private corporations that are located in, or that do business in, the State; and(2) Thirty-three and thirty-four one-hundredths percent of the expenditures under this subpart if a State applies for a GAP allotment in partnership with- (i) Any number of degree-granting institutions of higher education in the State whose combined full-time enrollment represents a majority of all students attending institutions of higher education in the State as determined by the Secretary using the most recently available data from IPEDS; and(ii) One or both of the following- (A) Philanthropic organizations that are located in, or that provide funding in, the State; or(B) Private corporations that are located in, or that do business in, the State.(c) Nothing in this part shall be interpreted as limiting a State or other member of a partnership from expending funds to support the activities of a partnership under this subpart that are in addition to the funds matching the Federal allotment. Authority: 20 U.S.C. 1070c-3a