Financial allocations to local governments by the federal or the state government to supplement the cost of a project is called
-
A.
revenue allocation -
B.
reimbursement -
C.
statutory allocation -
D.
matching grant
Correct Answer: Option D
Explanation
Financial allocations to local government by the federal or the state governments to supplement the cost of a project is called matching grants.
Local governments in turn give matching grants to communities or institutions for completion of certain projects such as schools.