A bill to provide additional fiscal assistance to local governments and to extend revenue sharing for local governmental units for 2 additional years.
Local Fiscal Assistance Act - Eliminates provisions relating to assistance payments to State governments from the State and Local Fiscal Assistance Act.
Requires such payments to local governments on a quarterly basis.
Changes the name of the fund in such Act to the Local Government Fiscal Assistance Trust Fund.
Authorizes appropriations to such fund for fiscal years 1975 through December 31, 1978; and such sums as are necessary for advance payments to local governments for critical needs.
Changes the definition of "entitlement period" to include the time from January 1, 1975, through December 31, 1978.
Referred to House Committee on Ways and Means.
Introduced in House
Introduced in House
Referred to House Committee on Ways and Means.
checking server…
Ask anything about this bill. The AI reads the full text to answer.
Enter to send · Shift+Enter for new line