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31 U.S.C. § 6702 — Local Government Fiscal Assistance Fund
Federal law — U.S. Code and appendices · legal_authorities
**(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.
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Source file: Laws/federal/codes/united-states-code/title-31/section-6702-local-government-fiscal-assistance-fund--c23db91d4d.md
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Source location: Title 31, Chapter 67, § 6702; chapter-067-federal-payments.md
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**(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.
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Federal law — U.S. Code and appendices · legal_authorities
**(a) In general** For purposes of this chapter:
(1) **Coastal barrier** — The term “coastal barrier” means—
(A) a depositional geologic feature (such as a bay barrier, tombolo, barrier spit, bluff, or barrier island) that—
(i) is subject to wave, tidal, and wind energies; and
(ii) protects landward aquatic habitats from direct wave attack; and
(B) all associated aquatic habitats including the adjacent wetlands, marshes, estuaries, inlets, and nearshore waters.
(2) **Committees** — The term “Committees” means the Committee on Natural Resources of the House of Representatives and the Committee on Environment and Public Works of the Senate.
(3) **Financial assistance**
(A) *In general* — The term “financial assistance” means any form of loan, grant, guaranty, insurance, payment, rebate, subsidy, or any other form of direct or indirect Federal assistance other than—
(i) deposit or account insurance for customers of banks, savings and loan associations, credit unions, or similar institutions;
(ii) the purchase of mortgages or loans by the Government National Mortgage Association, the Federal National Mortgage Association, or the Federal Home Loan Mortgage Corporation;
(iii) assistance for environmental studies, planning, and assessments that are required incident to the issuance of permits or other authorizations under Federal law; and
(iv) assistance pursuant to programs entirely unrelated to development, such as any Federal or federally assisted public assistance program or any Federal old-age survivors or disability insurance program.
(B) *Flood insurance* — The term “financial assistance” includes flood insurance described in [section 4028 of title 42](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-secti
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Federal law — U.S. Code and appendices · legal_authorities
**(a)** The term “Committees” refers to the Committee on Natural Resources of the United States House of Representatives and the Committee on Environment and Public Works and the Committee on Energy and Natural Resources of the United States Senate.
**(b)** The term “financial assistance” means any form of loan, grant, guaranty, insurance, payment, rebate, subsidy, or any other form of direct or indirect Federal assistance other than—
(1) general revenue-sharing grants made under section 6702 11 See References in Text note below. of title 31;
(2) deposit or account insurance for customers of banks, savings and loan associations, credit unions, or similar institutions;
(3) the purchase of mortgages or loans by the Government National Mortgage Association, the Federal National Mortgage Association, or the Federal Home Loan Mortgage Corporation;
(4) assistance for environmental studies, plans, and assessments that are required incident to the issuance of permits or other authorizations under Federal law; and
(5) assistance pursuant to programs entirely unrelated to development, such as any Federal or federally assisted public assistance program or any Federal old-age, survivors, or disability insurance program.
Such term also includes flood insurance described in sections 22 So in original. Probably should be in the singular. 4029(a) and (b) of title 42 on and after the dates on which the provisions of those sections 2 become effective.
**(c)** The term “Secretary” means the Secretary of the Interior.
**(d)** The term “water district” means any public agency providing water service, including water districts, county water districts, public utility districts, and irrigation districts.
**(e)** The term “Floodway” means the Colorado River Floodway established in [sec
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Federal law — U.S. Code and appendices · legal_authorities
Page 537
TITLE 31—MONEY AND FINANCE
§ 6702
1 See References in Text note below.
2 So in original. Probably should be ‘‘632(p)’’.
(e) REPAYMENT OF UNEXPENDED AMOUNTS.—
(1) REPAYMENT REQUIRED.—A unit of general
local government shall repay to the Secretary,
by not later than 15 months after receipt from
the Secretary, any amount that is—
(A) paid to the unit from amounts appro-
priated under the authority of this section;
and
(B) not expended by the unit within one
year after receipt from the Secretary.
(2) PENALTY FOR FAILURE TO REPAY.—If the
amount required to be repaid is not repaid, the
Secretary shall reduce payments in future
payment periods accordingly.
(3) DEPOSIT
OF
AMOUNTS
REPAID.—Amounts
received by the Secretary as repayments
under this subsection shall be deposited in the
Local Government Fiscal Assistance Fund for
future payments to units of general local gov-
ernment.
(f) EXPENDITURE WITH DISADVANTAGED BUSI-
NESS ENTERPRISES.—
(1) GENERAL
RULE.—Of amounts paid to a
unit of general local government under this
chapter for a payment period, not less than 10
percent of the total combined amounts obli-
gated by the unit for contracts and sub-
contracts shall be expended with—
(A) small business concerns controlled by
socially and economically disadvantaged in-
dividuals and women;
(B) historically Black colleges and univer-
sities and colleges and universities having a
student body in which more than 20 percent
of the students are Hispanic Americans or
Native Americans; and
(C) qualified HUBZone small business con-
cerns.
(2) EXCEPTION.—Paragraph (1) shall not
apply to amounts paid to a unit of general
local government to the extent the unit deter-
mines that the paragraph does not apply
through a process that provides for public par-
Source: Supplied 2024 U.S. Code historical extraction · 31 U.S.C. § 6702
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