31 U.S.C. § 6502 — Information on grants received

Page 530 TITLE 31—MONEY AND FINANCE § 6502 Par. (4)(A). Pub. L. 101–453, § 3(3), substituted ‘‘sub- paragraph (C)’’ for ‘‘subclause (C) of this clause (4)’’. Par. (4)(B). Pub. L. 101–453, § 3(4), substituted ‘‘sub- paragraph (C)’’ for ‘‘subclause (C) of this clause (4)’’. Par. (7). Pub. L. 101–453, § 5(a)(2), added par. (7). Former par. (7) redesignated (8). Par. (8). Pub. L. 101–453, § 5(a)(1), redesignated par. (7) as (8). Former par. (8) redesignated (9). Par. (9). Pub. L. 101–453, § 5(a)(1), (3), redesignated par. (8) as (9), added new text, and struck out former text which read as follows: ‘‘ ‘State’ means a State of the United States, the District of Columbia, a territory or possession of the United States, and an agency or in- strumentality of a State but does not mean a local gov- ernment of a State.’’ Former par. (9) redesignated (10). Par. (10). Pub. L. 101–453, § 5(a)(1), redesignated par. (9) as (10). 1983—Par. (1)(B). Pub. L. 97–452 struck out ‘‘the law of’’ after ‘‘provided by’’. Statutory Notes and Related Subsidiaries EFFECTIVE DATE OF 1997 AMENDMENT Amendment by Pub. L. 105–33 effective Oct. 1, 1997, except as otherwise provided in title XI of Pub. L. 105–33, see section 11721 of Pub. L. 105–33, set out as a note under section 4246 of Title 18, Crimes and Criminal Procedure. EFFECTIVE DATE OF 1983 AMENDMENT Amendment effective Sept. 13, 1982, see section 2(i) of Pub. L. 97–452, set out as a note under section 3331 of this title. SHORT TITLE OF 1992 AMENDMENT Pub. L. 102–589, § 1, Nov. 10, 1992, 106 Stat. 5133, pro- vided that: ‘‘This Act [amending sections 3718 and 3720A of this title, enacting provisions set out as notes under section 3718 of this title, and amending provisions set out as notes under sections 3335, 3718, and 6503 of this title] may be cited as the ‘Cash Management Improve- ment Act Amendments of 1992’.’’ SHORT TITLE OF 1990 AMENDMENT Pub. L. 101–453, § 1, Oct. 24, 1990, 104 Stat. 1058, pro- vided that: ‘‘This Act [enacting section 3335 of this title, amending this section and section 6503 of this title, and enacting provisions set out as notes under this section and sections 3335 and 6503 of this title] may be cited as the ‘Cash Management Improvement Act of 1990’.’’ PURPOSE OF 1990 ACT Pub. L. 101–453, § 2, Oct. 24, 1990, 104 Stat. 1058, pro- vided that: ‘‘The purpose of this Act [see Short Title of 1990 Amendment note above] is to ensure greater effi- ciency, effectiveness, and equity in the exchange of funds between the Federal Government and the States.’’ § 6502. Information on grants received On request of a chief executive officer of a State, a State legislature, or an official des- ignated by either of them, an executive agency carrying out a grant program to States and local governments shall provide the requesting officer or legislature with written information on the purpose and amounts of grants provided to the State or local government. (Pub. L. 97–258, Sept. 13, 1982, 96 Stat. 1007.) HISTORICAL AND REVISION NOTES Revised Section Source (U.S. Code) Source (Statutes at Large) 6502 ......... 42:4211. Oct. 16, 1968, Pub. L. 90–577, § 201, 82 Stat. 1101. The words ‘‘chief executive officer’’ are substituted for ‘‘Governor’’ because the definition of State includes the District of Columbia. The words ‘‘executive agen- cy’’ are substituted for ‘‘department or agency of the United States Government’’ because of the definition in sections 102 and 6501(3) of the revised title. The words ‘‘shall provide the requesting officer or legislature’’ are substituted for the last sentence of 42:4211 to eliminate unnecessary words. The word ‘‘information’’ is sub- stituted for ‘‘such data’’ because it is more accurate. The words ‘‘in writing’’ and ‘‘actual’’ are omitted as unnecessary. § 6503. Intergovernmental financing (a) Consistent with program purposes and with regulations of the Secretary, and in accordance with an agreement under subsection (b) entered into by the Secretary and a State— (1) the head of an executive agency (other than the Tennessee Valley Authority) car- rying out a program shall schedule transfers of funds to the State under the program so as to minimize the time elapsing between transfer of funds from the United States Treasury and the issuance or redemption of checks, war- rants, or payments by other means by a State; and (2) the State shall minimize the time elaps- ing between transfer of funds from the United States Treasury and the issuance or redemp- tion of checks, warrants, or payments by other means for program purposes. (b)(1) The Secretary shall enter into an agree- ment with each State to which transfers of funds are made, which establishes procedures and requirements for implementing this section. (2) An agreement under this subsection shall— (A) specify procedures chosen by the State for carrying out transfers of funds under the agreement; (B) describe the process by which the Fed- eral Government shall review and approve the implementation of the procedures specified under subparagraph (A); (C) establish the methods to be used for cal- culating and documenting payments of inter- est pursuant to this section; and (D) specify those types of costs directly in- curred by the State for interest calculations required under this section, and require the Secretary to consider those costs in com- puting payments under this section. (3) The Secretary shall issue regulations es- tablishing procedures and requirements for im- plementing this section with respect to a State with which no agreement is entered into by the Secretary under paragraph (1). Such regulations shall apply to a State until such time as the Secretary enters into an agreement with the State under paragraph (1). (c)(1) The Secretary shall issue regulations that shall require a State, when not inconsistent with program purposes, to pay interest to the United States on funds from the time funds are deposited by the United States to the State’s ac- count until the time that funds are paid out by the State in order to redeem checks or warrants or make payments by other means for program purposes. Except as provided under paragraph (3)(B) (relating to the Unemployment Trust Fund), the interest payable under this sub-