
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC6722]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                   CHAPTER 80--PUBLIC WORKS EMPLOYMENT
 
                 SUBCHAPTER II--ANTIRECESSION PROVISIONS
 
Sec. 6722. Financial assistance


(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) 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 
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) of this section 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) of this section 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. 94-369, title II, Sec. 202, July 22, 1976, 90 Stat. 1002; Pub. 
L. 94-447, title II, Sec. 201(1), Oct. 1, 1976, 90 Stat. 1498; Pub. L. 
95-30, title VI, Sec. 602, May 23, 1977, 91 Stat. 164.)


                               Amendments

    1977--Subsec. (b). Pub. L. 95-30, Sec. 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. 95-30, Sec. 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. 94-447 substituted ``6 percent, or'' 
for ``6 percent, and''.

                  Section Referred to in Other Sections

    This section is referred to in sections 6723, 6736 of this title.
