24:50:01:09.  Sources of matching funds. The sources of matching funds may be one or more of the following:

          (1)  Income - admission revenue derived from sale of admissions, tickets, subscriptions, and memberships for events of the project; contractual services revenue derived from fees earned through sale of services; and other revenue including advertising space in programs, catalog sales, gift shop income, concessions, parking, and similar sources;

          (2)  Cash support - contributions from businesses, corporations, foundations, individuals, fund-raisers, and similar sources including the sponsoring organization;

          (3)  Government support - revenue derived from nonfederal government grants or appropriations given for the project;

          (4)  In-kind contributions - fair market value of noncash contributions to the project which re provided to the applicant by volunteers or outside parties at no cash cost to the applicant; and

          (5)  Other grants - grants received from other nonfederal grant-making agencies, public or private.

          Source: 12 SDR 56, effective October 8, 1985.

          General Authority:SDCL 1-22-8.

          Law Implemented:SDCL 1-22-5.