Sec. 103. GUARANTEED MINIMUM PAYMENT AMOUNT
151 words·~1 min read·
/statute-compilations/comps-14251/sec-103A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
## SEC. 103 GUARANTEED MINIMUM PAYMENT AMOUNT **[**[52 U.S.C. 20903](/us/usc/t52/s20903)**]** ###
(a)In General In addition to any other payments made under this title, the Administrator shall make a payment to each State to which a payment is made under either section 101 or 102 and with respect to which the aggregate amount paid under such sections is less than $5,000,000 in an amount equal to the difference between the aggregate amount paid to the State under sections 101 and 102 and $5,000,000. In the case of the Commonwealth of Puerto Rico, Guam, American Samoa, and the United States Virgin Islands, the previous sentence shall be applied as if each reference to “$5,000,000” were a reference to “$1,000,000”. ###
(b)Pro Rata Reductions The Administrator shall make such pro rata reductions to the amounts described in sections 101(d) and 102(c) as are necessary to comply with the requirements of subsection (a).
Connectionstraces to 1
Traces to 1 document
Citation graph
cites case law
Sec. 103
GUARANTEED MINIMUM PAYMENT AMOUNT
Cites 1Cited by 0 across 0 sources