Award Amounts: Formula Grant award amounts have been calculated using the payment rate established in the Fiscal Year 2025 General Appropriations Act (Chapter 140 of the Acts of 2024). In Fiscal Year 2025, this is calculated as $15 per person aged 60 and over with a minimum contract amount of $7,500. The first 50 percent of your award was distributed the week of October 28, 2024.