Unless otherwise deemed advisable in a specific instance by the Water Resources Board, all applicants shall contribute not less than twenty-five (25) percent of the specific project costs to which the monies received under the Water Development Fund are to be applied. The applicant's contribution may be made either in the form of cash or, upon further approval of the Water Resources Board, in the form of cash equivalent services, equipment, or other nonexpendable property owned by the applicant. Loans so granted may be applied as the applicant's Nonfederal Contribution in seeking or receiving federal grant-in-aid funds for the defined project.
490 R.I. Code R. 490-RICR-00-00-4.6