Matching Share definition

Matching Share means the proceeds of loans, cash investments, or in-kind contributions that the recipient commits to the total development or rehabilitation cost of the housing development. The Department will determine the valuation and eligibility of a proposed matching share where necessary.

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Matching Share means an ADR (or fraction thereof) contributed to a Participant as a Matching Contribution and allocated to such Participant’s Share Account.

Matching Share. The 20 percent matching share is provided by contribution from I-81 Corridor Coalition member agencies and is documented in the project budget which is included in Appendix C.

Examples of Matching Share in a sentence

• The organization must invest the entire $600,000 ($360,000 local match plus $240,000 State Matching Share).

• Bank statement showing the $360,000 local match plus $240,000 State Matching Share deposited in an endowment account within a single financial institution which includes the “State of Florida Cultural Endowment Fund” in the title.

• For the purposes of this program, the Cultural Endowment State Matching Share held as principal by the Cultural Sponsoring Organization shall not be considered “expended” in accordance with section 215.97(2)(a), Florida Statutes, in any fiscal year and shall not be considered toward the Florida Single Audit Act (FSAA) threshold.

• The audit, if submitted, must specifically recognize the $600,000 corpus (State Matching Share: $240,000 and local match: $360,000) as an asset of the CSO.

• The Organization shall deposit in its “State of Florida Cultural Endowment Program Fund,” the $240,000 State Matching Share upon receipt and provide the Division with evidence of the deposit within forty-eight hours.

• The $240,000 State Matching Share and all revenues earned from the use of the State Matching Share shall revert to the State if the Department determines that fraudulent information or documentation has in any way been used in its application or for the purposes of obtaining or continuing the endowment program.

• If this Agreement is terminated, the State Matching Share for each individual cultural endowment shall revert to the State; however, the Organization shall be permitted to retain the interest earned prior to the notification of termination.

• The Cultural Endowment Program helps to establish cultural endowments with a minimum principal value of $600,000, by contributing a State Matching Share in the amount of $240,000.

• The Charter School’s Apportionment (“Apportionment”) is contingent upon the Charter School paying its 50% Local Matching Share obligation, which will be paid to the State by way of payments pursuant to the Funding Agreement.

• All expenditures of Grant and Matching Share must be incurred within the time period of this grant agreement.

More Definitions of Matching Share

Matching Share means a Share purchased with Matching Credits;

Matching Share means the Participant’s share to total project costs in the form of cash, donations of equipment, materials, land acquisition, and labor, which shall equal or exceed the Commission’s Award.

Matching Share means the right to receive a Share at a certain future date, subject to compliance with rules set forth in Clause 8 of this Plan, and subject to such other terms as may be defined by the Board of Directors or the Executive Officers of the Company within the powers provided for in the Plan.