Statute · United States Code
7 U.S.C. § 2009bb-12 — Authorization of appropriations
7 U.S.C. § 2009bb-12
- Type
- Statute
- Source
- United States Code
- Jurisdiction
- Federal
- Date
- 2025-01-06
- Topic
- bankruptcy
There is authorized to be appropriated to the Authority to carry out this subchapter $40,000,000 for each of fiscal years 2025 through 2029, to remain available until expended. Not more than 5 percent of the amount appropriated under subsection (a) for a fiscal year shall be used for administrative expenses of the Authority. Notwithstanding any other provision of this subchapter, for any fiscal year, the aggregate amount of grants received by a State and all persons or entities in the State under this subchapter shall be not less than 1/3 of the product obtained by multiplying— (1) the aggregate amount of grants under this subchapter for the fiscal year; and (2) the ratio that— (A) the population of the State (as determined by the Secretary of Commerce based on the most recent decennial census for which data are available); bears to (B) the population of the region (as so determined).
There is authorized to be appropriated to the Authority to carry out this subchapter $40,000,000 for each of fiscal years 2025 through 2029, to remain available until expended. Not more than 5 percent of the amount appropriated under subsection (a) for a fiscal year shall be used for administrative expenses of the Authority. Notwithstanding any other provision of this subchapter, for any fiscal year, the aggregate amount of grants received by a State and all persons or entities in the State under this subchapter shall be not less than 1/3 of the product obtained by multiplying— (1) the aggregate amount of grants under this subchapter for the fiscal year; and (2) the ratio that— (A) the population of the State (as determined by the Secretary of Commerce based on the most recent decennial census for which data are available); bears to (B) the population of the region (as so determined).