Sec. 2. Use of remaining BEAD funds for deficit reduction
347 words·~2 min read·
/bill/119/s/3259/is/section-2A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 60102(e)(4) of the Infrastructure Investment and Jobs Act ( 47 U.S.C. 1702(e)(4) ) is amended— in subparagraph (D)(ii)(III), by striking , shall make available to the eligible entity the remainder of the grant funds allocated to the eligible entity under subsection (c); and inserting the following: , shall, with respect to the remainder of the grant funds allocated to the eligible entity under subsection (c)— make available to the eligible entity the portion of those remaining funds that have been designated for a specific purpose in the final proposal; and deposit in the general fund of the Treasury, for the sole purpose of deficit reduction, the portion of those remaining funds that have not been designated for a specific purpose in the final proposal; ; and in subparagraph (E)(ii)(III), by striking , shall make available to the eligible entity the remainder of the grant funds allocated to the eligible entity under subsection (c); and inserting the following: , shall, with respect to the remainder of the grant funds allocated to the eligible entity under subsection (c)— make available to the eligible entity the portion of those remaining funds that have been designated for a specific purpose in the final proposal; and deposit in the general fund of the Treasury, for the sole purpose of deficit reduction, the portion of those remaining funds that have not been designated for a specific purpose in the final proposal; .
Section 60102 of the Infrastructure Investment and Jobs Act ( 47 U.S.C. 1702 ) is amended— in subsection (c)(5)(C)— by striking clause (ii); by striking and all that follows through Reallocation to other eligible entities .— The Assistant Secretary and inserting ; Reallocation to other eligible entities due to application failures .—The Assistant Secretary by redesignating subclauses
(I)and
(II)as clauses
(i)and (ii), respectively, and adjusting the margins accordingly; and in clause (ii), as so redesignated, by striking subclause
(I)of this clause and inserting clause
(i)of this subparagraph ; and in subsection (e)(4)(A)(i), in the matter preceding subclause (I), by striking approvals and inserting approves .
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 2
Use of remaining BEAD funds for deficit reduction
Cites 1Cited by 0 across 0 sources