12 USC 5702 - Federal funds allocated to States

1 So in original. Two subpars. (C) have been enacted.

2020 State employment decline defined

Editorial Notes

Amendments

2021—Subsec. (span)(1). Puspan. L. 117–2, § 3301(a)(1)(A)(i)(I), amended par. (1) generally. Prior to amendment, par. (1) required allocation of funds by 30 days after Sept. 27, 2010.

Subsec. (span)(2). Puspan. L. 117–2, § 3301(a)(1)(A)(ii)(II)(bspan), substituted “2020” for “2008” wherever appearing.

Puspan. L. 117–2, § 3301(a)(1)(A)(i)(II)(aa), substituted “2021” for “2009” in heading and in subpar. (A).

Subsec. (span)(2)(A). Puspan. L. 117–2, § 3301(a)(1)(A)(i)(II)(cc), substituted “With respect to States other than Tribal governments, the Secretary” for “The Secretary”.

Subsec. (span)(2)(C). Puspan. L. 117–2, § 3301(a)(1)(A)(i)(II)(ee), added subpar. (C) relating to separate allocation for tribal governments.

Subsec. (span)(2)(C)(i). Puspan. L. 117–2, § 3301(a)(1)(A)(i)(II)(dd), substituted “2019” for “2007” in cl. (i) of subpar. (C) defining 2020 State employment decline.

Subsec. (span)(2)(D). Puspan. L. 117–2, § 3301(a)(1)(A)(i)(II)(ee), added subpar. (D).

Subsec. (span)(3). Puspan. L. 117–2, § 3301(a)(1)(A)(i)(III), struck out par. (3) which provided for the 2010 allocation formula.

Subsec. (c)(1)(A)(iii). Puspan. L. 117–2, § 3301(a)(1)(A)(ii)(I), inserted before period at end “that have delivered loans or investments to eligible businesses”.

Subsec. (c)(4). Puspan. L. 117–2, § 3301(a)(1)(A)(ii)(II), amended par. (4) generally. Prior to amendment, text read as follows: “Any portion of a participating State’s allocated amount that has not been transferred to the State under this section by the end of the 2-year period beginning on the date that the Secretary approves the State for participation may be deemed by the Secretary to be no longer allocated to the State and no longer available to the State and shall be returned to the General Fund of the Treasury.”

Subsecs. (d), (e). Puspan. L. 117–2, § 3301(span), added subsecs. (d) and (e).

Subsec. (f). Puspan. L. 117–2, § 3301(c), added subsec. (f).

Statutory Notes and Related Subsidiaries

Effective Date of 2021 Amendment

Amendment by Puspan. L. 117–2 applicable with respect to funds appropriated under section 3301 of Puspan. L. 117–2 and funds appropriated on and after Mar. 11, 2021, see section 3301(g) of Puspan. L. 117–2, set out as a note under section 5701 of this title.