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42 U.S.C. § 1437m — Payment of non-Federal share

submitted 89 years ago by Pub. L. 96-399 to r/title-42-THE-PUBLIC-HEALTH-AND-WELFARE · 85 words · no verdicts yet

in plain englishAI-generated · not legal advice

This section identifies two things that may be used as the required non-Federal share for certain Federal grant programs serving tenants of projects assisted under this chapter. They are annual operating contributions and the rental or use value of qualifying buildings or facilities.

Any of the following may be used as the non-Federal share required in connection with activities undertaken under Federal grant-in-aid programs which provide social, educational, employment, and other services to the tenants in a project assisted under this chapter, other than under section 1437f of this title ; (1) annual contributions under this chapter for operation of the project; or (2) rental or use-value of buildings or facilities paid for, in whole or in part, from development, modernization, or operation cost financed under this chapter.
the actual law source: uscode.house.gov ↗public domain

Any of the following may be used as the non-Federal share required in connection with activities undertaken under Federal grant-in-aid programs which provide social, educational, employment, and other services to the tenants in a project assisted under this chapter, other than under section 1437f of this title;

(1)

annual contributions under this chapter for operation of the project; or

(2)

rental or use-value of buildings or facilities paid for, in whole or in part, from development, modernization, or operation cost financed under this chapter.

Source credit: (Sept. 1, 1937, ch. 896, title I, § 15, as added Pub. L. 96–399, title II, § 212, Oct. 8, 1980, 94 Stat. 1636; amended Pub. L. 100–242, title I, § 112(b)(7), Feb. 5, 1988, 101 Stat. 1824; renumbered title I, Pub. L. 100–358, § 5, June 29, 1988, 102 Stat. 681.)

history & why it existsrecord from the source credit
  • 1937Enacted · Pub. L. 96-399 · 94 Stat. 1636
  • 1988Amended · Pub. L. 100-242 · 101 Stat. 1824
  • 1988Amended · Pub. L. 100-358 · 102 Stat. 681

A history note hasn’t been published yet. The record shows enactment by Pub. L. 96-399 on 1937-09-01.

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