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2026-07-06 10:51:44 -04:00

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LegalText 42 U.S.C. § 6722 Financial assistance us united_states_code code_section 42 THE PUBLIC HEALTH AND WELFARE 80 PUBLIC WORKS EMPLOYMENT 6722 42 U.S.C. § 6722 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip /us/usc/t42/s6722 data/legal/raw/us/code/title-42/usc42.xml 953460e865d1858ed35ba71bf28aaf99beff0f708bfea074ef0f8066ca910e70 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e cc83a85c6633abafba87f58df8bf4f5729c0eae497a4f9c4dadd54e4d7cabf79 2026-07-04 official
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42 U.S.C. § 6722 - Financial assistance

Text

(a) Payments to State and local governments The Secretary of the Treasury (hereafter in this subchapter referred to as the “Secretary”) shall, in accordance with the provisions of this subchapter, make payments to States and to local governments to coordinate budget-related actions by such governments with Federal Government efforts to stimulate economic recovery.

(b) Authorization of appropriations Subject to the provisions of subsections (c) and (d), there are authorized to be appropriated for each of the five succeeding calendar quarters (beginning with the calendar quarter which begins on July 1, 1977) for the purpose of payments under this subchapter—

(1) $125,000,000, plus

(2) $30,000,000 multiplied by the number of whole one-tenth percentage points by which the rate of seasonally adjusted national unemployment for the most recent calendar quarter which ended three months before the beginning of such quarter exceeded 6 per centum.

(c) Aggregate authorization In no case shall the aggregate amount authorized to be appropriated under the provisions of subsection (b) for the five successive calendar quarters beginning with the calendar quarter which begins July 1, 1977, exceed $2,250,000,000.

(d) Termination No amount is authorized to be appropriated under the provisions of subsection (b) for any calendar quarter if—

(1) the average rate of national unemployment during the most recent calendar quarter which ended three months before the beginning of such calendar quarter did not exceed 6 percent, or

(2) the rate of national unemployment for the last month of the most recent calendar quarter which ended three months before the beginning of such calendar quarter did not exceed 6 percent.

(Pub. L. 94369, title II, § 202, July 22, 1976, 90 Stat. 1002; Pub. L. 94447, title II, § 201(1), Oct. 1, 1976, 90 Stat. 1498; Pub. L. 9530, title VI, § 602, May 23, 1977, 91 Stat. 164.)

Notes

Editorial Notes

Amendments1977—Subsec. (b). Pub. L. 9530, § 602(a), substituted “July 1, 1977” for “July 1, 1976” in introductory provisions preceding par. (1) and in par. (2) substituted “$30,000,000 multiplied by the number of whole one-tenth” for “$62,500,000 multiplied by the number of one-half” and “such quarter exceeded 6 per centum” for “such calendar quarter exceeded 6 percent”. Subsec. (c). Pub. L. 9530, § 602(b), substituted “five successive calendar quarters beginning with the calendar quarter which begins July 1, 1977, exceed $2,250,000,000” for “five calendar quarters beginning with the calendar quarter which begins July 1, 1976, exceed $1,250,000,000”. 1976—Subsec. (d)(1). Pub. L. 94447 substituted “6 percent, or” for “6 percent, and”.