§ 1457. Public Safety Trust Fund

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. 2012

   Middle Class Tax Relief and Job Creation Act of 2012

   Pub. L. 112–96 title VI § 6413 · 126 Stat. 156

   Enacted · 47 U.S.C. § 1457

   (Pub. L. 112–96, title VI, § 6413, Feb. 22, 2012, 126 Stat. 235.)

   Source evidence

   Code source credit
   (Pub. L. 112–96, title VI, § 6413, Feb. 22, 2012, 126 Stat. 235.)

   Enacted provision · exact public law section
   SEC. 6413. PUBLIC SAFETY TRUST FUND. (a) Establishment of Public Safety Trust Fund.— (1) In general.— There is established in the Treasury of the United States a trust fund to be known as the Public Safety Trust Fund. (2) Availability.— Amounts deposited in the Public Safety Trust Fund shall remain available through fiscal year 2022. Any amounts remaining in the Fund after the end of such fiscal year shall be deposited in the general fund of the Treasury, where such amounts shall be dedicated for the sole purpose of deficit reduction. (b) Use of Fund.— As amounts are deposited in the Public Safety Trust Fund, such amounts shall be used to make the following deposits or payments in the following order of priority: (1) Repayment of amount borrowed for first responder network authority.— An amount not to exceed $2,000,000,000 shall be available to the NTIA to reimburse the general fund of the Treasury for any amounts borrowed under section 6207. (2) State and local implementation fund.— $135,000,000 shall be deposited in the State and Local Implementation Fund established by section 6301. (3) Buildout by first responder network authority.— $7,000,000,000, reduced by the amount borrowed under section 6207, shall be deposited in the Network Construction Fund established by section 6206. (4) Public safety research.— $100,000,000 shall be available to the Director of NIST to carry out section 6303. (5) Deficit reduction.— $20,400,000,000 shall be deposited in the general fund of the Treasury, where such amount shall be dedicated for the sole purpose of deficit reduction. (6) 9–1–1, e9–1–1, and next generation 9–1–1 implementation grants.— $115,000,000 shall be available to the Assistant Secretary and the Administrator of the National Highway Traffic Safety Administration to carry out the grant program under section 158 of the National Telecommunications and Information Administration Organization Act, as amended by section 6503 of this title. (7) Additional public safety research.— $200,000,000 shall be available to the Director of NIST to carry out section 6303. (8) Additional deficit reduction.— Any remaining amounts deposited in the Public Safety Trust Fund shall be deposited in the general fund of the Treasury, where such amounts shall be dedicated for the sole purpose of deficit reduction. (c) Investment.— Amounts in the Public Safety Trust Fund shall be invested in accordance with section 9702 of title 31, United States Code, and any interest on, and proceeds from, any such investment shall be credited to, and become a part of, the Fund.

1 of 1 references resolved to an enrolled provision