47 U.S.C. § 1441 - U.S. Code - Unannotated Title 47. Telecommunications § 1441. State and Local Implementation Fund

(a)Establishment

There is established in the Treasury of the United States a fund to be known as the State and Local Implementation Fund.

(b)Amounts available for State and Local Implementation Grant Program

Any amounts borrowed under subsection (c)(1) and any amounts in the State and Local Implementation Fund that are not necessary to reimburse the general fund of the Treasury for such borrowed amounts shall be available to the Assistant Secretary to implement section 1442 of this title.

(c)Borrowing authority

(d)Transfer of unused funds

If there is a balance remaining in the State and Local Implementation Fund on September 30, 2022, the Secretary of the Treasury shall transfer such balance to the general fund of the Treasury, where such balance shall be dedicated for the sole purpose of deficit reduction.