The role of funding policies

The role of funding policies - Theroleoffundingpolicies

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The role of funding policies The most powerful tool the federal government has in its relations with the states is  money. A  grant-in-aid  is funding provided by the federal government to the states or  municipalities. The earliest federal grants were land. Under the Morrill Act (1862), the  states received large tracts of land for the specific purpose of establishing agricultural  and mechanical colleges (still known as  land-grant colleges ).  categorical grant  earmarks funds for a specific purpose. The two types of categorical  grants are project and formula grants. A  project grant  is awarded on the basis of  competitive applications; money from the National Institutes of Health or the National  Endowment for the Humanities is awarded in this manner. While many project grants go  to individuals,  formula grants  go to states and municipalities that meet the 
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This note was uploaded on 11/20/2011 for the course POSI 1310 taught by Professor Arnold during the Spring '08 term at Texas State.

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