alleryStart learning →Under the Explanation to Section 14, a body is substantially financed if a grant meets what share of its expenditure?
AAt least 25 percent
BAt least 50 percent
CAt least 75 percent
DAt least 100 percent
Answer & Solution
Correct answer: C. At least 75 percent
The grant or loan must be not less than seventy-five percent of the body's total expenditure, along with the minimum amount test.
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