Definition of State rural development block grant

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TeachMeFinance.com - explain State rural development block grant



State rural development block grant

The term 'State rural development block grant ' as it applies to the area of agriculture can be defined as ' Under provisions of the Rural Community Advancement Program (RCAP), each state may receive, for direct administration, up to 10% of the funds allocated to the state. These funds may be used to establish a state administered block grant. The first 5% of the state block grant allocated does not require the community to make a matching fund contribution. A state may receive the additional 5% if it provides $2 in matching funds for every $1 in RCAP funds it would receive'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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