Length and Time Phasing of Assistance
A time frame has not been established.
Formula and Matching Requirements
Fifteen percent living allowances for AmeriCorps members; 33 percent operating and support expenses must be matched. (The funds are allocated as follows: 1) State formula programs. One-third of the fiscal year 1999 AmeriCorps funds will be allocated to States according to a population based formula; 2) State competitive programs. At least one-third of the fiscal year 2000 AmeriCorps funds will be distributed to programs that are first selected by the States and then submitted to the Corporation for competitive consideration; 3) National direct. Remaining fiscal year 2000 funds will be distributed directly to programs operated by national nonprofit organizations, professional corps and programs operating in more than one State; and 4) Set-asides are estimated at two percent of the fiscal year 2000 AmeriCorps funds. Set-aside for Indian Tribes and Territories, one percent each.
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.