N.M. Admin. Code § 2.110.6.12

Current through Register Vol. 36, No. 1, January 14, 2025

Section 2.110.6.12 - APPLICANT'S FINANCIAL OR IN-KIND REQUIREMENTS

A. Implementation grants require at least 50 percent matching funds from the applicant.

B. This requirement can be met by providing, either cash or in-kind services.

C. If the applicant does not charge its administrative costs to the school-to-work grant the match requirement is reduced to 30 percent of the grant amount.

D. Planning grants do not require a local match.

N.M. Admin. Code § 2.110.6.12

6/30/98; Recompiled 10/01/01