Section 5-330 - Matching funds required.
§ 5-330. Matching funds required.
(a) In general.- Except as provided in subsection (b) of this section, to qualify for a grant from the Fund, a local government shall provide at least an equal and matching grant of money to the local economic development fund.
(b) Exception.- A local government that is, or is located in, a qualified distressed county may qualify for a grant from the Fund by providing a grant to the local economic development fund in an amount equal to at least 50% of the grant from the Fund.
[An. Code 1957, art. 83A, § 5-1407(b); 2008, ch. 306, § 2.]