2012 US Code
Title 47 - Telecommunications
Chapter 13 - PUBLIC SAFETY COMMUNICATIONS AND ELECTROMAGNETIC SPECTRUM AUCTIONS (§§ 1401 - 1473)
Subchapter III - PUBLIC SAFETY COMMITMENTS (§§ 1441 - 1443)
Section 1441 - State and Local Implementation Fund
| Publication Title | United States Code, 2012 Edition, Title 47 - TELECOMMUNICATIONS |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 47 - TELECOMMUNICATIONS CHAPTER 13 - PUBLIC SAFETY COMMUNICATIONS AND ELECTROMAGNETIC SPECTRUM AUCTIONS SUBCHAPTER III - PUBLIC SAFETY COMMITMENTS Sec. 1441 - State and Local Implementation Fund |
| Contains | section 1441 |
| Date | 2012 |
| Laws in Effect as of Date | January 15, 2013 |
| Positive Law | No |
| Disposition | standard |
| Source Credit | Pub. L. 112-96, title VI, §6301, Feb. 22, 2012, 126 Stat. 218. |
| Statutes at Large Reference | 126 Stat. 218 |
| Public Law Reference | Public Law 112-96 |
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There is established in the Treasury of the United States a fund to be known as the State and Local Implementation Fund.
(b) Amounts available for State and Local Implementation Grant ProgramAny amounts borrowed under subsection (c)(1) and any amounts in the State and Local Implementation Fund that are not necessary to reimburse the general fund of the Treasury for such borrowed amounts shall be available to the Assistant Secretary to implement section 1442 of this title.
(c) Borrowing authority (1) In generalPrior to the end of fiscal year 2022, the Assistant Secretary may borrow from the general fund of the Treasury such sums as may be necessary, but not to exceed $135,000,000, to implement section 1442 of this title.
(2) ReimbursementThe Assistant Secretary shall reimburse the general fund of the Treasury, without interest, for any amounts borrowed under paragraph (1) as funds are deposited into the State and Local Implementation Fund.
(d) Transfer of unused fundsIf there is a balance remaining in the State and Local Implementation Fund on September 30, 2022, the Secretary of the Treasury shall transfer such balance to the general fund of the Treasury, where such balance shall be dedicated for the sole purpose of deficit reduction.
(Pub. L. 112–96, title VI, §6301, Feb. 22, 2012, 126 Stat. 218.)
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