42 U.S.C. § 1397n-8
No Federal funding for credit enhancements
- Code
- United States Code
- Title
- 42
- Section
- 1397n–8
- Text current through
- Pub. L. 119-111
What does the statute say?
§ 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.)
The text is copied from the official source: uscode.house.gov. This is the stored text for research. It is not legal advice; check the official source before you rely on it.