Assistance considerations...
Length and Time Phasing of Assistance
Funds must be expended within 27 months after their first date of availability. States draw funds as needed under the Electronic Funds Transfer System.
Formula and Matching Requirements
Formula. Section 101 (a) (2) of the Perkins Act sets forth allotment procedures. Funds for basic grants are allotted to States according to a formula based on States' populations in three age groups, and their per capita income (averaged for the three most recent consecutive fiscal years). The age groups are 15-19, 20-24, and 25-65. They are weighted 50 percent, 20 percent and 15 percent respectively. A fourth distribution, weighted 15 percent, is based on the sums of the amounts resulting from the three age group distributions. Generally, each State receives an allotment consisting of four parts: 1) An amount which bears the same ratio to 50 percent of the sums being allotted as the product of the State's population aged 15-19 bears to the sum of the corresponding products for all the States; 2) an amount which bears the same ratio to 20 percent of the sums being allotted as the product of the State's population aged 20-24 bears the sum of the corresponding products for all the States; 3) an amount which bears the same ratio to 15 percent of the sums being allotted as the product of the State's population aged 25-65 bears to the sums of the corresponding products for all the States; and 4) an amount which bears the same ratio to 15 percent of the sums being allotted as the amounts allotted to the State in the previous three age group distributions bears to the sum of the amounts allotted to all the States under the previous three age group distributions. The Bureau of the Census supplies the population data; the Department of Labor supplies the per capita income data. Matching. Section 102 of the Perkins Act requires 50/50 matching for State administration. No match is required for American Samoa, the Northern Mariana Islands, the Virgin Islands, the Trust Territory of the Pacific Islands, the Federated States of Micronesia, or the Republic of Palau. Section 502 of the Perkins Act describes maintenance of effort requirements.
Note:
A formula may be based on population, per capita income, and other statistical factors. Applicants are informed whether there are any matching requirements to be met when participating in the cost of a project. In general, the matching share represents that portion of the project costs not borne by the Federal government. Attachment F of OMB Circular No. A-102 (Office of Management and Budget) sets forth the criteria and procedures for the evaluation of matching share requirements which may be cash or in-kind contributions made by State and local governments or other agencies, institutions, private organizations, or individuals to satisfy matching requirements of Federal grants or loans.
Cash contributions represent the grantees' cash outlay, including the outlay of money contributed to the grantee by other public agencies, institutions, private organizations, or individuals. When authorized by Federal regulation, Federal funds received from other grants may be considered as the grantees' cash contribution.
In-kind contributions represent the value of noncash contributions provided by the grantee, other public agencies and institutions, private organizations or individuals. In-kind contributions may consist of charges for real property and equipment, and value of goods and services directly benefiting and specifically identifiable to the grant program. When authorized by Federal legislation, property purchased with Federal funds may be considered as grantees' in-kind contribution.
Maintenance of effort (MOE) is a requirement contained in certain legislation, regulations, or administrative policies stating that a grantee must maintain a specified level of financial effort in a specific area in order to receive Federal grant funds, and that the Federal grant funds may be used only to supplement, not supplant, the level of grantee funds.