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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Administration of Fund.--The Department of the Treasury has a Local Government Fiscal Assistance Fund, which consists of amounts appropriated to the Fund.
(b) Authorization of appropriations.--There are authorized to be appropriated to the Fund--
(1) $270,000,000 for fiscal year 1996;
(2) $283,500,000 for fiscal year 1997;
(3) $355,500,000 for fiscal year 1998;
(4) $355,500,000 for fiscal year 1999; and
(5) $355,500,000 for fiscal year 2000.
Such sums are to remain available until expended.
(c) Administrative costs.--Up to 2.5 percent of the amount authorized to be appropriated under subsection (b) is authorized to be appropriated for the period fiscal year 1995 through fiscal year 2000 to be available for administrative costs by the Secretary in furtherance of the purposes of the program. Such sums are to remain available until expended.
Cite this article: FindLaw.com - 31 U.S.C. § 6702 - U.S. Code - Unannotated Title 31. Money and Finance § 6702. Local Government Fiscal Assistance Fund - last updated January 01, 2024 | https://codes.findlaw.com/us/title-31-money-and-finance/31-usc-sect-6702/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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