§ 17.706 - Matching requirements.

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(a) General. The recipient must, from sources other than grant funds received under this part, match the funds provided by VA to cover the percentage of the total cost of the acquisition, rehabilitation, construction or procurement not funded by the grant. This matching share shall constitute at least 35 percent of the total cost.

(b) Maintenance of effort. State or local government funds used in the matching contribution are subject to the maintenance of effort requirements described at § 17.707(a) of this part.

                    
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