Land for Maine's Future Program
Match Funds
A proposal is expected to have a match greater than or equal to 1/3 of the total eligible project costs. This means that every $2.00 of LMF funds, there must be $1.00 of Match funds.
Furthermore, of the Total Match, the ratios of 'match' type must be the following:
70 %
"TANGIBLE' ASSETS
Land, Cash, or Other
Tangible Asset
|
30 %
"INTANGIBLE' ASSETS
Goods & Services,
In-Kind Contributions
(i.e., Appraisal, Survey,
Title Work, Legal Work,
Wetland Delineation,
Ecological Inventory,
Archeaological Inventory)
|
A.
STEWARDSHIP
ENDOWMENT
Up to 20%
of
Appraised Value |
B.
ACCESS
IMPROVEMENTS
Up to 5%
of
Appraised Value
|
A. These may be counted under the 70%
B. These may be counted under the 70% |
Example
TOTAL PROJECT COST = $150,000.00
LMF SHARE = $100,000.00
MATCH = $ 50,000.00
(Tangible) 70% = $ 35,000.00
(Intangible) 30% = $ 15,000.00
|
