§ 6722. Financial assistance

Legislative history

Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.

1. 1976

   Public Works Employment Act of 1976

   Pub. L. 94–369 title II § 202 · 90 Stat. 999

   Enacted · 42 U.S.C. § 6722

   Pub. L. 94–369, title II, § 202, July 22, 1976, 90 Stat. 1002

   Source evidence

   Code source credit
   Pub. L. 94–369, title II, § 202, July 22, 1976, 90 Stat. 1002

   Enacted provision · exact public law section
   Sec. 202. financial assistance authorized (a) Payments to State and Local Governments.— The Secretary of the Treasury (hereafter in this title referred to as the “Secretary”) shall, in accordance with the provisions of this title, 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 duly 1, 1976) for the purpose of payments under this title— (1) $125,000,000 plus (2) $62,500,000 multiplied by the number of one-half 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 calendar quarter exceeded 6 percent. (c) Aggregate Authorization.— In no case shall the aggregate amount authorized to be appropriated under the provisions of subsection (b) for the five calendar quarters beginning with the calendar quarter which begins July 1, 1976, exceed $1,250,000,000. (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, and (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.

2. 1976

   Public Works Employment Appropriations Act

   Pub. L. 94–447 title II § 201(1) · 90 Stat. 1497

   Substituted · 42 U.S.C. § 6722(d)(1)

   Pub. L. 94–447 substituted “6 percent, or” for “6 percent, and”

   Source evidence

   Code amendment note
   Subsec. (d)(1). Pub. L. 94–447 substituted “6 percent, or” for “6 percent, and”.

   Enacted provision · exact public law section
   (1) Section 202(d)(1) is amended by striking out “and” at the end thereof and inserting in lieu thereof “or”.

3. 1977

   Intergovernmental Anti-recession Assistance Act of 1977

   Pub. L. 95–30 § 602(a) · 91 Stat. 126

   1. Substituted · 42 U.S.C. § 6722(b)

      Pub. L. 95–30, § 602(a), substituted “July 1, 1977” for “July 1, 1976”

   2. Substituted · 42 U.S.C. § 6722(b)

      Pub. L. 95–30, § 602(a), substituted “$30,000,000 multiplied by the number of whole one-tenth” for “$62,500,000 multiplied by the number of one-half”

   3. Substituted · 42 U.S.C. § 6722(b)

      Pub. L. 95–30, § 602(a), substituted “such quarter exceeded 6 per centum” for “such calendar quarter exceeded 6 percent”

   Source evidence

   Code amendment note
   Subsec. (b). Pub. L. 95–30, § 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”.

   Enacted provision · exact public law section
   (a) Subsection (b) of section 202 of the Public Works Employment Act of 1976 (42 U.S.C. 6722(b)) is amended to read as follows: “(b) Authorization of Appropriations.— Subject to the provisions of subsections (c) and (d) of this section, 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 title— “(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.”.

4. 1977

   Intergovernmental Anti-recession Assistance Act of 1977

   Pub. L. 95–30 § 602(b) · 91 Stat. 126

   Substituted · 42 U.S.C. § 6722(c)

   Pub. L. 95–30, § 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”

   Source evidence

   Code amendment note
   Subsec. (c). Pub. L. 95–30, § 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”.

   Enacted provision · exact public law section
   (b) Subsection (c) of section 202 of such Act is amended to read as follows: “(c) Limitation on Authorization.— In no case shall the aggregate amount authorized to be appropriated under the provisions of subsection (b) of this section for the five successive calendar quarters beginning with the calendar quarter which begins July 1, 1977, exceed $2,250,000,000.”.

6 of 6 references resolved to an enrolled provision