What is the difference between matched funds and leveraged funds?
A. The Brownfields research, technical assistance and training grants are not subject to a mandatory match. Matched funds must be provided as part of the agreement are subject to specific rules in 40 CFR Parts 30 and 31 and the same statutory restrictions as grant funds (e.g., no indirect/administrative costs). If EPA accepts a grantee’s voluntary offer to provide matching funds, the recipient will be legally obligated to provide the match. Leveraged funds, on the other hand, further Brownfields goals but do not become part of the assistance agreement. For example if the potential applicant has capacity to raise money for its overhead costs, that is allowable and can be stated as a leveraged capacity in the proposal. A recipient may use leveraged funds for other aspects of a project even if the costs are not allowable under the grant (e.g. marketing properties).
