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42 U.S.C. § 1397n–8

U.S. CodeFederal
No Federal funding for credit enhancements
About This Law
/us/usc/t42/s1397n–8
Title
42 — The Public Health and Welfare
Chapter
CH7
Release
119-84
Release Date
2026-04-17

Section Text

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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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