Sec. 351. Deficit-neutral reserve fund to prevent the use of Federal funds for the bailout of improvident State and local governments
141 words·~1 min read·
/bill/114/sconres/11/pcs/section-351·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Chairman of the Committee on the Budget of the Senate may revise the allocations of a committee or committees, aggregates, and other appropriate levels in this resolution for one or more bills, joint resolutions, amendments, amendments between the Houses, motions, or conference reports relating to a prohibition, except in the case of Federal assistance provided in response to a natural disaster, on any entity of the Federal Government from providing funds to State and local governments to prevent receivership or to facilitate exit from receivership or to prevent default on its obligations by a State government, by the amounts provided in such legislation for that purpose, provided that such legislation would not increase the deficit over either the period of the total of fiscal years 2016 through 2020 or the period of the total of fiscal years 2016 through 2025.