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31 U.S.C. § 6706 — Income gap multiplier

submitted 32 years ago by Pub. L. 103-322 to r/title-31-MONEY-AND-FINANCE · 56 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section requires the Secretary to provide the information and assistance stated in the section. It applies to the grants and entities described there.

For purposes of determining the income gap of a unit of general local government under section 6705(b)(4)(A), the number which applies is— (1) 1.6, about ½ of any amount allocated under section 6704 to the State in which the unit is located; and (2) 1.2, about the remainder of such amount.

the actual law source: uscode.house.gov ↗public domain

For purposes of determining the income gap of a unit of general local government under section 6705(b)(4)(A),1 the number which applies is—

(1)

1.6, with respect to ½ of any amount allocated under section 6704 to the State in which the unit is located; and

(2)

1.2, with respect to the remainder of such amount.

Source credit: (Added Pub. L. 103–322, title III, § 301001(a), Sept. 13, 1994, 108 stat. 1871.)

history & why it existsrecord from the source credit
  • 1994Enacted · Pub. L. 103-322

A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-322 on 1994-09-13.

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