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42 U.S.C. § 1397n-12 - U.S. Code - Unannotated Title 42. The Public Health and Welfare § 1397n-12. Definitions

Current as of January 01, 2024 | Updated by FindLaw Staff

In this division:

(1)Agency

The term “agency” has the meaning given that term in section 551 of Title 5.

(2)Intervention

The term “intervention” means a specific service delivered to achieve an impact through a social impact partnership project.

(3)Secretary

The term “Secretary” means the Secretary of the Treasury.

(4)Social impact partnership project

The term “social impact partnership project” means a project that finances social services using a social impact partnership model.

(5)Social impact partnership model

The term “social impact partnership model” means a method of financing social services in which--

(A) Federal funds are awarded to a State or local government only if a State or local government achieves certain outcomes agreed on by the State or local government and the Secretary; and

(B) the State or local government coordinates with service providers, investors (if applicable to the project), and (if necessary) an intermediary to identify--

(i) an intervention expected to produce the outcome;

(ii) a service provider to deliver the intervention to the target population; and

(iii) investors to fund the delivery of the intervention.

(6)State

The term “State” means each State of the United States, the District of Columbia, each commonwealth, territory or possession of the United States, and each federally recognized Indian tribe.

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Cite this article: FindLaw.com - 42 U.S.C. § 1397n-12 - U.S. Code - Unannotated Title 42. The Public Health and Welfare § 1397n-12. Definitions - last updated January 01, 2024 | https://codes.findlaw.com/us/title-42-the-public-health-and-welfare/42-usc-sect-1397n-12/

Read this complete 42 U.S.C. § 1397n-12 - U.S. Code - Unannotated Title 42. The Public Health and Welfare § 1397n-12. Definitions on Westlaw

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