Sec. 3. Funding
134 words·~1 min read·
/bill/116/hr/8946/ih/section-3A 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 of Housing and Urban Development $11,000,000,000 for fiscal year 2021 for providing assistance under this Act. Of any amounts made available pursuant to subsection (a), 77 percent shall be available for assistance under section 4 for community revitalization and economic development activities. Of any amounts made available pursuant to subsection (a), 23 percent shall be available for assistance under section 5 for business recovery and renovation activities.
Of any amounts available pursuant to subsection (a), the Secretary of Housing and Urban Development may use not more than 1 percent for costs of administering the program under this Act. Upon the expiration of the 2-year period beginning upon the date of the enactment of this Act, any programming and rulemaking associated with the program shall expire.