§ 6702. — Local Government Fiscal Assistance Fund.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 31USC6702]
TITLE 31--MONEY AND FINANCE
SUBTITLE V--GENERAL ASSISTANCE ADMINISTRATION
CHAPTER 67--FEDERAL PAYMENTS
Sec. 6702. Local Government Fiscal Assistance Fund
(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.
(Added Pub. L. 103-322, title III, Sec. 31001(a), Sept. 13, 1994, 108
Stat. 1861.)
Prior Provisions
A prior section 6702, Pub. L. 97-258, Sept. 13, 1982, 96 Stat. 1012,
related to payments to governments, prior to repeal by Pub. L. 99-272,
title XIV, Sec. 14001(a)(1), (e), Apr. 7, 1986, 100 Stat. 327, 329, eff.
Oct. 18, 1986.
Deficit Neutrality
Section 31001(c) of title III of Pub. L. 103-322 provided that:
``Any appropriation to carry out the amendment made by this subtitle
[subtitle J (Secs. 31001, 31002) of title III of Pub. L. 103-322,
enacting this chapter] to title 31, United States Code, for fiscal year
1995 or 1996 shall be offset by cuts elsewhere in appropriations for
that fiscal year.''
Section Referred to in Other Sections
This section is referred to in sections 6701, 6704, 6720 of this
title.
