§ 10158. Interest-bearing trust funds

441 words·~2 min read·/usc/title-34/section-10158

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(a)Trust fund required A State or unit of local government shall establish a trust fund in which to deposit amounts received under this part.

(b)Expenditures

(1)In general Each amount received under this part (including interest on such amount) shall be expended before the date on which the grant period expires.

(2)Repayment A State or unit of local government that fails to expend an entire amount (including interest on such amount) as required by paragraph

(1)shall repay the unexpended portion to the Attorney General not later than 3 months after the date on which the grant period expires.

(3)Reduction of future amounts If a State or unit of local government fails to comply with paragraphs

(1)and (2), the Attorney General shall reduce amounts to be provided to that State or unit of local government accordingly.

(c)Repaid amounts Amounts received as repayments under this section shall be subject to section 10108 of this title as if such amounts had not been granted and repaid. Such amounts shall be deposited in the Treasury in a dedicated fund for use by the Attorney General to carry out this part. Such funds are hereby made available to carry out this part.

(Pub. L. 90–351, title I, § 507, as added Pub. L. 109–162, title XI, § 1111(a)(2)(C), Jan. 5, 2006, 119 Stat. 3100.)

Connections5 cite this · traces to 3

Cited by 5 sections

U.S. Code

statute-compilations

Sec. 507
INTEREST-BEARING TRUST FUNDS

Traces to 3 documents

U.S. Code

17 references not yet in our index

Pub. L. 90–351, title I, § 507
Pub. L. 109–162, title XI, § 1111(a)(2)(C)
119 Stat. 3100
section 507 of title I of Pub. L. 90–351
Pub. L. 100–690, title VI, § 6091(a)
102 Stat. 4335
Pub. L. 109–162, title XI, § 1111(a)(1)
119 Stat. 3094
section 507 of Pub. L. 90–351
82 Stat. 205
Pub. L. 93–83, § 2
87 Stat. 211
Pub. L. 94–503, title I
90 Stat. 2417
Pub. L. 90–351
Pub. L. 96–157
section 1111(d) of Pub. L. 109–162

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cites case law

§ 10158

Interest-bearing trust funds

U.S.C.×4

Stat. Comp.×1

U.S.C.§ 10108

U.S.C.§ 3757

U.S.C.§ 10151

Pub. L.Pub. L. 90–351, title I, § 507

Pub. L.Pub. L. 109–162, title XI, § 1111(a)(2)(C)

Stat.119 Stat. 3100

Pub. L.section 507 of title I of Pub. L. 90–351

Pub. L.Pub. L. 100–690, title VI, § 6091(a)

Cites 20 · showing 8Cited by 5 across 2 sources