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23 U.S.C. § 132Payments on Federal-aid projects undertaken by a Federal agency

submitted 66 years ago by Pub. L. 86-657 to r/title-23-HIGHWAYS · 212 words · no verdicts yet

in plain englishAI-generated · not legal advice

A state can ask the Secretary to pay a federal agency directly for a federal-aid project. The state can also pay the agency itself, and the Secretary may then reimburse the state. Any extra money the state was paid gets recovered and credited back.

(a) In general. If a federal agency is going to carry out a proposed federal-aid project under an agreement between a state and that agency, the state has two options: (1) it can direct the Secretary to transfer the federal share of project funds straight to the federal agency; or (2) it can deposit money with, or pay, the federal agency itself, in whatever amount is needed to meet the state's obligation under the agreement for the work. (b) Reimbursement. Once the state and Secretary have executed a project agreement as described in subsection (a), the Secretary can use any available funds to reimburse the state for the estimated federal share of the deposit or payment the state made under (a)(2). (c) Recovering and crediting extra funds. If the state was reimbursed more than the federal government's actual pro-rata share of the state's cost — as shown on the state's approved final voucher — that extra amount must be recovered and credited back to the same category of funds it originally came from.
the actual law source: uscode.house.gov ↗public domain
(a)In General.—

In a case in which a proposed Federal-aid project is to be undertaken by a Federal agency in accordance with an agreement between a State and the Federal agency, the State may—

(1)

direct the Secretary to transfer the funds for the Federal share of the project directly to the Federal agency; or

(2)

make such deposit with, or payment to, the Federal agency as is required to meet the obligation of the State under the agreement for the work undertaken or to be undertaken by the Federal agency.

(b)Reimbursement.—

On execution with a State of a project agreement described in subsection (a), the Secretary may reimburse the State, using any available funds, for the estimated Federal share under this title of the obligation of the State deposited or paid under subsection (a)(2).

(c)Recovery and Crediting of Funds.—

Any sums reimbursed to the State under this section which may be in excess of the Federal pro rata share under the provisions of this title of the State’s share of the cost as set forth in the approved final voucher submitted by the State shall be recovered and credited to the same class of funds from which the Federal payment under this section was made.

Source credit: (Added Pub. L. 86–657, § 4(a), July 14, 1960, 74 Stat. 522; amended Pub. L. 109–59, title I, § 1119(b), Aug. 10, 2005, 119 Stat. 1182.)

history & why it existsrecord from the source credit
  • 1960Enacted · Pub. L. 86-657 · 74 Stat. 522
  • 2005Amended · Pub. L. 109-59 · 119 Stat. 1182

A history note hasn’t been published yet. The record shows enactment by Pub. L. 86-657 on 1960-07-14.

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