20 U.S.C. § 3988 — Payments; Federal share; limitation

(a) Federal and non-Federal shares (1) The Secretary shall pay, to each applicant having an application approved under section 3987 of this title , the Federal share of the cost of the program described in the application. (2) The Federal share for each fiscal year shall be 50 per centum. (3) The non-Federal share of payments under this part may be in cash or in kind, fairly evaluated, including plant, equipment , or services. (b) Fiscal year State limitation Not more than 15 per centum of the funds appropriated under this part in any fiscal year may be paid to applicants in any single State. ( Pub. L. 98–377, title III, § 309 , Aug. 11, 1984 , 98 Stat. 1286 ; Pub. L. 99–159, title II, § 231 , Nov. 22, 1985 , 99 Stat. 900 ; Pub. L. 100–418, title VI, § 6031(b)(2) , Aug. 23, 1988 , 102 Stat. 1483 .) Editorial Notes Amendments 1988—Subsecs. (a)(3), (b). Pub. L. 100–418 substituted “part” for “subchapter”. 1985—Subsec. (a)(1). Pub. L. 99–159 substituted “Secretary” for “Foundation” .

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