§ 222.2 - Definitions.

(a) Acceptable contributions means either cash (or its equivalent, appropriated funds) or the value of contributions of goods, facilities or services, or combinations of these, that can qualify for and meet matching share requirements.

(b) Allowable costs means those eligible, reasonable and necessary, costs which are permitted under the appropriate Federal cost principles, in accordance with FEMA policy, within the scope of the project, authorized for FEMA participation and in accordance with OMB Circular A-87, Cost Principles for State and Local Governments.

(c) Cash contributions means the recipient's (state or local government) cash outlay, including the outlay of money contributed to the recipient by other public agencies, institutions, private organizations, and individuals.

(d) Cost share means that portion of the allowable project cost which is not derived from Federal assistance.

(e) Value is the cost to the state for services and facilities or goods.