The most common type of categorical grant is

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A categorical grant is a grant that has specific purposes, and it is subject to strict guidelines and conditions imposed by the granting government. The three main types of categorical grants are project grants, formula grants, and block grants. However, project grants are the most common type of categorical grant, as they provide funds for specific projects, research, or program activities. Formula grants are based on a formula that takes into account demographic and other factors, while block grants offer more flexibility to the states in deciding how to allocate the money. Rescission funds, disaster relief, and revenue sharing are not considered categorical grants.

The Most Common Type of Categorical Grant Is