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Matching funds are funds that are set to be paid in proportion to funds available from other sources. Matching fund payments usually arise in situations of charity or public good . The terms cost sharing , in-kind, and matching can be used interchangeably but refer to different types of donations.
The federal government will match up to $250 of an individual's total contributions to an eligible candidate. Only candidates seeking nomination by a political party to the office of president are eligible to receive primary matching funds. In addition, a candidate must establish eligibility by submitting to the
The guidelines for calculating the FMAP are outlined in the Social Security Act and they exclusively determine the ratio of matching funds for each state's Medicaid program. Section 2105(b)of the Act stipulate that "Enhanced Federal Medical Assistance Percentages," or Enhanced FMAPs, will be calculated at the same time as the FMAPs.
However, candidates who decline matching funds are free to spend as much money as they can raise privately. From the inception of this program in 1976 through 1992, almost all candidates who could qualify accepted matching funds in the primary. In 1996 Republican Steve Forbes opted out of the program. In 2000, Forbes and George W. Bush opted out.
In 1957, President Dwight D. Eisenhower promulgated procedures for a program of charitable solicitation in the federal workplace and established the "President's Committee on Fund-Raising Within the Federal Service" to review and modify the fund-raising program (Executive Order No. 10728, 22 Fed. Reg. 7219, Establishing the President's Committee on Fund-Raising Within the Federal Service, Sept ...
A federal grant is an award of financial assistance from a federal agency to a recipient to carry out a public purpose of support or stimulation authorized by a law of the United States. Grants are federal assistance to individuals, benefits or entitlements. A grant is not used to acquire property or services for the federal government's direct ...
Title XIX, which became known as Medicaid, provides for the states to finance health care for individuals who were at or close to the public assistance level with federal matching funds. On July 30, 1965, Johnson signed the bill, making it Public Law 89–97. The signing took place in Independence, Missouri and was attended by Truman. Johnson ...
Despite this crowded field Bush was able to raise $36.2 million eighteen days after his announcement, easily surpassing his opponents with Elizabeth Dole, who had the second highest donations total, only had $3.5 million, [18] and by early July Bush would refuse $16.5 million in Federal matching funds as it would limit his spending as his ...