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42 U.S.C. § 1397n–8No Federal funding for credit enhancements

submitted 91 years ago by Pub. L. 115-123 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 59 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section covers no federal funding for credit enhancements. No amount made available to carry out this division may be used to provide any insurance, guarantee, or other credit enhancement to a State or local government under which a Federal payment would be made to a State or local government as the result of a State or local government failing to achieve an outcome specified in an agreement.

No amount made available to carry out this division may be used to provide any insurance, guarantee, or other credit enhancement to a State or local government under which a Federal payment would be made to a State or local government as the result of a State or local government failing to achieve an outcome specified in an agreement.
the actual law source: uscode.house.gov ↗public domain

No amount made available to carry out this division may be used to provide any insurance, guarantee, or other credit enhancement to a State or local government under which a Federal payment would be made to a State or local government as the result of a State or local government failing to achieve an outcome specified in an agreement.

Source credit: (Aug. 14, 1935, ch. 531, title XX, § 2059, as added Pub. L. 115–123, div. E, title VIII, § 50802(2), Feb. 9, 2018, 132 Stat. 281.)

history & why it existsrecord from the source credit
  • 1935Enacted · Pub. L. 115-123 · 132 Stat. 281

A history note hasn’t been published yet. The record shows enactment by Pub. L. 115-123 on 1935-08-14.

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