Section 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.Utah Admin. Code R357-11-5
Adopted by Utah State Bulletin Number 2015-8, effective 3/23/2015Amended by Utah State Bulletin Number 2016-19, effective 9/12/2016Amended by Utah State Bulletin Number 2017-20, effective 9/21/2017Amended by Utah State Bulletin Number 2017-21, effective 10/13/2017