Sec. 307. Agency funding limitations and authorization of appropriations
342 words·~2 min read·
/bill/114/hr/3689/ih/section-307·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is established in the Treasury of the United States a separate account to be known as the Transition Adjustment Assistance Fund. Amounts in the Fund shall be available to the Commission for making expenditures to meet the obligations of the United States to carry out this Act. There are authorized to be appropriated to the Transition Adjustment Assistance Fund established under subsection
(a)for fiscal year 2016, $500,000,000 to carry out this Act. There are authorized to be appropriated to the Transition Adjustment Assistance Fund established under subsection
(a)for fiscal years 2017 through 2022, such sums as may be necessary to carry out this Act. It is the sense of Congress that in determining appropriations under subparagraph (A), the Committees on Appropriations of the House of Representatives and the Senate shall take into consideration— any amounts that remained unobligated from amounts appropriated pursuant to paragraph (1); and where available, the report required under section 308(d) regarding any savings created from the completion of implementing recommendations of the Inspector General of the agencies described in section 102(b)(2)(A)(iii) to eliminate wasteful and excessive spending at each such Agency. Funds obligated for any fiscal year to carry out activities under sections 221 through 224 may be expended by each State receiving such funds during that fiscal year and the succeeding two fiscal years. The Commission may— reallot funds that were allotted to any State to carry out sections 221 through 224 and that remain unobligated by the State during the second or third fiscal year after the fiscal year in which the funds were provided to the State; and provide such reallotted funds to States to carry out sections 221 through 224 in accordance with procedures established by the Commission. In establishing procedures under paragraph (1)(B), the Commission shall include procedures that provide for the distribution of reallotted funds under that paragraph pursuant to requests submitted by States in need of such funds. The reallotment of funds under paragraph
(1)shall not extend the period for which such funds are available for expenditure.