54 U.S.C. § 302901 — Awarding of grants and availability of grant funds
submitted 12 years ago by Pub. L. 113-287 to r/title-54-NATIONAL-PARK-SERVICE-AND-RELATED-PROGRAMS · 124 words · no verdicts yet
To get a grant under this division, an applicant must apply following the Secretary's rules. These grants are not taxed as income, and the Secretary must release funding to States and the National Trust promptly, administering each recipient's grants as a single grant.
(a) In general. No one can get a grant under this division unless they apply to the Secretary* following the Secretary's regulations and procedures.
(b) Grants are not taxable income. A grant made under this division is not treated as taxable income under the Internal Revenue Code of 1986.
(c) Availability. The Secretary must make grant funding available to individual States and the National Trust* as soon as practical after signing a grant agreement. For administration purposes, each State's grants, and the National Trust's grants, are each treated as one single grant and handled by the National Park Service* that way.
No grant may be made under this division unless application for the grant is submitted to the Secretary* in accordance with regulations and procedures prescribed by the Secretary.
No grant made pursuant to this division shall be treated as taxable income for purposes of the Internal Revenue Code of 1986 (26 U.S.C. 1 et seq.).
The Secretary shall make funding available to individual States and the National Trust* as soon as practicable after execution of a grant agreement. For purposes of administration, grants to individual States and the National Trust each shall be deemed to be one grant and shall be administered by the Service* as one grant.
Source credit: (Pub. L. 113–287, § 3, Dec. 19, 2014, 128 Stat. 3202.)
- 2014Enacted · Pub. L. 113-287 · 128 Stat. 3202
A history note hasn’t been published yet. The record shows enactment by Pub. L. 113-287 on 2014-12-19.
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