34 C.F.R. § 464.20 What payment does the Secretary make?
Title 34 - Education
(a)(1) From sums available for purposes of making grants under this part for any fiscal year, the Secretary allots to each State, that has an application approved under §§464.10–464.11, an amount that bears the same ratio to those sums as the amount allotted to the State under section 313(b) of the Act for the purpose of making grants under section 321 of the Act bears to the aggregate amount allotted to all States under that section for that purpose. (2) In applying the formula in section 313(b) of the Act to calculate grants under this part, the Secretary counts the number of adults only in States that have approved applications under this part. (b)(1) The Secretary pays to each State the Federal share of the cost of activities described in the application. (2) For purposes of this section, the Federal share— (i) For each of the first two fiscal years in which the State receives funds under this part, may not exceed 80 percent; (ii) For each of the third and fourth fiscal years in which the State receives funds under this part, may not exceed 70 percent; and (iii) For the fifth and each succeeding year in which the State receives funds under this part, may not exceed 60 percent. (3) If a State receives funds under this part for participation in a regional center, the State is required to provide only 50 percent of the non-Federal share under paragraph (b)(2) of this section. (4) The non-Federal share of payments under this section may, in accordance with 34 CFR 80.24, be in cash or in kind, fairly evaluated, including plant, equipment, or services. (Authority: 20 U.S.C. 1208aa(c)(1), (i), (j)(2))
Title 34: Education
PART 464—STATE LITERACY RESOURCE CENTERS PROGRAM
Subpart C—How Does the Secretary Make a Grant to a State?
§ 464.20 What payment does the Secretary make?
