(a) 1890 land-grant institutions: The Secretary may waive the matching funds requirement in §3419.2 above the 50% level for any fiscal year for an eligible institution of a State if the Secretary determines that the State will be unlikely to satisfy the matching requirement.
(b) 1862 land-grant institutions in insular areas: The Secretary may waive up to 100% of the matching funds requirements in §3419.2 for any fiscal year for an eligible institution in an insular area.
(c) The criteria to waive the applicable matching requirement for 1890 land-grant institutions and 1862 land-grant institutions in insular areas is demonstration of one or more of the following:
(1) Impacts from natural disaster, flood, fire, tornado, hurricane, or drought;
(2) State and/or institution facing a financial crisis; or
(3) Lack of matching funds after demonstration of good faith efforts to obtain funds.
(d) Approval or disapproval of the request for a waiver will be based on the application submitted, as defined under §3419.4.
[Redesignated and revised at 83 FR 21849, May 11, 2018]