Sec. 17. Set-aside for economic downturns
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/bill/116/s/802/is/section-17A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 404(e) ( 42 U.S.C. 604(e) ) is amended to read as follows: Except as provided in paragraph (2), a State to which a grant is made under section 403(a)(1) shall obligate the funds within 2 years after the date the funds are made available, and shall expend the funds within 3 years after such date. A State to which funds are paid under section 403(a)(1) may reserve not more than 15 percent of the funds for use in the State program funded under this part without fiscal year limitation.
A State that intends to reserve funds paid to the State under section 402(a)(1) shall notify the Secretary of the intention not later than the end of the period in which the funds are available for obligation without regard to subparagraph
(A)of this paragraph. .
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Sec. 17
Set-aside for economic downturns
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