Sec. 411. Funding
148 words·~1 min read·
/bill/114/s/1894/is/section-411A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
There is authorized to be appropriated to the Secretary to carry out this subtitle $200,000,000 through fiscal year 2020, to remain available until expended. No funds made available under this section may be used to provide financial assistance under this subtitle unless sufficient funds have been appropriated to offset any decrease in Federal revenue resulting from the use by any unit of State or local government of proceeds of any obligation— the interest on which is exempt from the tax imposed under chapter 1 of the Internal Revenue Code of 1986; or with respect to which credit is allowable under subpart I or J of part IV of subchapter A of chapter 1 of that Code.
Of the funds made available to carry out this subtitle, the Secretary may use for the administration of this subtitle not more than $2,200,000 for each of fiscal years 2016 through 2020.