Local cost share definition
Local cost share means the portion of the cost of the project other than federal funds administered by the department.
Local cost share means a proportion of the total interim and/or long-term project cost that is not eligible for a State grant and would therefore be borne by water systems, their ratepayers, and/or domestic well owners. Some local cost share needs may be eligible for public or private financing (i.e. a loan). Some local costs share needs may not be eligible for financing and is typically funded through available reserves or cash on hand.
Examples of Local cost share in a sentence
Local cost share for CDBG varies and is dependent upon the disaster declaration and amount of funds available.