Section 19962 Of Article 2. California Library Construction And Renovation Program From California Education Code >> Division 1. >> Title 1. >> Part 11. >> Chapter 11. >> Article 2.
19962
. (a) Each grant recipient shall provide matching funds from
any available source in an amount equal to 35 percent of the costs of
the project. The remaining 65 percent of the costs of the project
shall be provided through allocations from the fund.
(b) Qualifying matching funds shall be cash expenditures in the
categories specified in Section 19957 which are made no earlier than
three years prior to the submission of the application to the State
Librarian. Except as otherwise provided in subdivision (c), in-kind
expenditures shall not qualify as matching funds.
(c) Land donated or otherwise acquired for use as a site for the
facility, including, but not limited to, land purchased more than
three years prior to the submission of the application to the State
Librarian, may be credited towards the 35 percent matching funds
requirement at its appraised value as of the date of the application.
(d) Cash expenditures not to exceed 10 percent for furnishings
required to make the facility fully operable may be credited towards
the 35 percent matching funds requirement. The recipient shall
certify to the board that these furnishings have an estimated useful
life of not less than 10 years.
(e) Architect fees for plans and drawings for library renovation
and new construction, including plans and drawings purchased more
than three years prior to the submission of the application to the
State Librarian, may be credited towards the 35 percent matching
funds requirement.