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Matching funds are funds that are set to be paid in proportion to funds available from other sources. Matching fund payments usually arise in situations of charity or public good . The terms cost sharing , in-kind, and matching can be used interchangeably but refer to different types of donations.
For example, 100% FMAP for some eligible service means that the federal government pays the entire cost and 50% FMAP would mean that the cost is split evenly between the state and federal government. Funds that are eligible for FMAP match include Medicaid, State Children's Health Insurance Program (SCHIP) expenditures, Temporary Assistance for ...
In the United States, federal assistance, also known as federal aid, federal benefits, or federal funds, is defined as any federal program, project, service, or activity provided by the federal government that directly assists domestic governments, organizations, or individuals in the areas of education, health, public safety, public welfare, and public works, among others.
The federal government will start matching 50% of retirement account contributions up to $2,000 per year through the new Saver’s Match program. This money injects funds directly into savers ...
There are two main types of federal grants. A matching grant is a grant, which ties the amount of funds provided by the higher level of government to the local community to the amount of spending by the local community. The local state determines the level of expenditure and federal government pays a certain part of the amount.
Amends title XX (Grants to States for Services) of such Act to increase the permanent ceiling on Federal matching funds for State social services programs to a maximum ceiling of $3,300,000,000. Provides for payment, under title XX, of 100 percent of a State's expenditures for child day care services up to a maximum of $200,000,000 or 8 percent ...
Legislation that would establish a $50 million state fund to help draw federal money for infrastructure, water and clean energy projects received unanimous yes votes in two committees and on the ...
Specifically, the bill “directs the Internal Revenue Service (IRS) to establish a Community Volunteer Income Tax Assistance Matching Grant Program to provide matching funds for the development, expansion, or continuation of tax preparation programs to assist low-income taxpayers and members of under-served populations.”