§ 80.96 — May A State Fish And Wildlife Agency Use Federal Funds Without Using Cost Sharing?

(a) The State fish and wildlife agency must not draw down any Federal funds for a grant-funded project under the Acts in greater proportion to the use of cost sharing than total Federal funds bear to total cost sharing unless:

(1) The recipient draws down Federal award funds to pay for construction, including land acquisition;

(2) A third-party in-kind contribution of cost sharing is not yet available for delivery to the recipient or subrecipient; or

(3) The project is not at the point where it can accommodate a third-party in-kind contribution.

(b) If an agency draws down Federal funds in greater proportion to the use of cost sharing than total Federal funds bear to total cost sharing under the conditions described at paragraphs (a)(1) through (3) of this section, the agency must:

(1) Obtain the Regional Director's prior approval; and

(2) Satisfy the project's cost sharing requirement before submitting the final Federal financial report.