No Federal funding for credit enhancements

  1. Law
  2. USC 42
  3. The Public Health And Welfare
  4. SOCIAL SECURITY
  5. BLOCK GRANTS AND PROGRAMS FOR SOCIAL SERVICES AND ELDER JUSTICE
  6. Social Impact Demonstration Projects
  7. No Federal funding for credit enhancements

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§1397n–8. No Federal funding for credit enhancements

No amount made available to carry out this division may be used to provide any insurance, guarantee, or other credit enhancement to a State or local government under which a Federal payment would be made to a State or local government as the result of a State or local government failing to achieve an outcome specified in an agreement.

(Aug. 14, 1935, ch. 531, title XX, §2059, as added Pub. L. 115–123, div. E, title VIII, §50802(2), Feb. 9, 2018, 132 Stat. 281 .)


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