Fiscal Considerations
Effective Jan 27, 2017Mass. Register #1331St. 1994, c. 273, § 2IExecutive Office of Energy and Environmental Affairs
- (1) Projects that receive Program grant funds are eligible for reimbursement of up to 75% of the total project cost as identified in the grant funds agreement.
(2) The Applicant shall be responsible for funding 25% of the project costs. The Applicant may fund its required matching share through a variety of methods, including, but not limited to:
- (a) in-kind contributions, including the cost of engineering designs and other directly related project costs incurred within grant project period;
- (b) cash contributions; or
- (c) goods and services.
- (3) Criteria for matching share requirements and documentation shall be identified in the grant funds application.
(4) Reimbursement will be made only after the Applicant has demonstrated the following:
- (a) The amount of money equal to that set forth in the billing submitted to the Office for reimbursement has been expended; and
- (b) Documentation on all billing invoices has been received by the Office.