[Code of Federal Regulations] [Title 34, Volume 3] [Revised as of July 1, 2002] From the U.S. Government Printing Office via GPO Access [CITE: 34CFR609.40] [Page 257] TITLE 34--EDUCATION DEPARTMENT OF EDUCATION PART 609--STRENGTHENING HISTORICALLY BLACK GRADUATE INSTITUTIONS PROGRAM--Table of Contents Subpart E--What Conditions Must a Grantee Meet? Sec. 609.40 What are the matching requirements? If an institution receives a grant in excess of $500,000, it must spend non-Federal funds to meet the cost of at least 50 percent of the activities approved in its application. (Authority: 20 U.S.C. 1063b)