Sec. 4. Community Reinvestment Fund
160 words·~1 min read·
/bill/116/s/597/is/section-4A 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 fund, to be known as the Community Reinvestment Fund (referred to in this section as the Fund ). The Fund shall consist of— any amounts not awarded to a covered State because of a determination under section 3(b)(1); and any amounts otherwise appropriated to the Fund. Amounts in the Fund shall be available to the Secretary of Housing and Urban Development to establish a grant program to reinvest in communities most affected by the war on drugs, which shall include providing grants to impacted communities for programs such as— job training; reentry services; expenses related to the expungement of convictions; public libraries; community centers; programs and opportunities dedicated to youth; the special purpose fund discussed below; and health education programs.
Amounts in the Fund shall be available without fiscal year limitation. There are authorized to be appropriated to the Fund $500,000,000 for each of fiscal years 2020 through 2042.