688 



lar facilities, or of transportation, power, or com- 

 munication facilities, which are incidental to use 

 of the site as an industrial park, but, except wth 

 respect to such facilities, does not include the pro- 

 vision of structures or buildings. 



-f » ^f ¥ * 



(Aug. 16, 1954, ch. 736, 68A Stat. 29; June 28, 1968. 

 Pub. L. 90-364, title I, § 107(a) , 82 Stat. 266; Oct. 24, 

 1968, Pub. L.' 90-634, title IV, § 401(a). 82 Stat. 1349; 

 Dec. 30, 1969, Pub. L. 91-172. title VI, §601 (a). 83 

 Stat. 656.) 



(As amended Dec. 10. 1971. Pub. L. 92-178. title III, 

 § 315 (a), (b), 85 Stat. 529; Pub. L. 94-455, §§ 1901 

 (17), 2105(a), Oct. 4, 1976, 90 Stat. 1765. 1902.) 



Amendments 



1971— Subsec. (c)(4)(E), Pub, L, 92-178, 5 315(a)(1). 

 substituted "energy or gas." for "energy, gas, or water or". 



Subsec. (c)(4")(F), Pub, L 92-178. § 315(a) (2) . substi- 

 tuted ". or" for a period, 



Subsec. (c)(4)(G). Pub. L. 92-178. 5 315(a)(3). added 

 subpar. (G). 



1969 — Subsec. (d). Pub. L. 91-172 added subsec. (d). 

 Former subsec. (d) redesignated (e). 



Subsec. (e). Pub, L. 91-172 redesignated former sub- 

 sec (d) as (e) . 



1968 — Subsec (c) Pub. L. 90-364 added subsec. (c). 

 Former subsec. (c) redesignated (d). 



Subsec. (c) (6) (D) — (H). Pub. L. 90-634 added subsec. 

 (c)(6) (D) — (H). 



Subsec (d). Pub L. 90-364 redesignated former subsec. 

 (c) as (d). 



9. Revenue Sharing 

 31 U.S.C. 1221-1224 



Sec. 



1221. Payments to State and local governments. 



1222. • • • 



1223. • • • 



1224. Creation of Trust Fund; appropriations. 



(ft) Trust Fund. 



(1) In general. 



(2) Trustee. 



(b) Appropriations. 



(1) In general. 



(2) Noncontiguous States adjustment 



amounts. 



(3) Deposits. 



(c) Transfers from Trust Fund to general 



fund 

 8 1221. Payments to State and local governments. 



Except as otherwise provided in this chapter, the 

 Secretary shall, for each entitlement period, pay out 

 of the Trust Fund to — 



( 1 ) each State government a total amount equal 

 to the entitlement of such State government deter- 

 mined under section 1226 of this title for such pe- 

 riod, and 



(2) each unit of local government a total 

 amount equal to the entitlement of such unit 

 determined under section 1227 of this title for 

 such period. •» 



In the case of entitlement periods ending after Oc- 

 tober 20, 1972, such payments shall be made in In- 

 stallments, but not less often than once for each 

 quarter, and, in the case of quarters ending after 

 September 30, 1972, shall be paid not later than 5 

 days after the close of each quarter. Such payments 

 for any entitlement period may be initially made on 

 the basis of estimates. Pi-oper adjustment shall be 

 made in the amount of any payment to a State gov- 

 ernment or a unit of local government to the extent 

 that the payments previously made to such govern- 

 ment under this subchapter were in excess of or less 

 than the amounts required to be paid. (Pub. L. 92- 

 512, title I, § 102, Oct. 20, 1972, 86 Stat. 919.) 



§ 1222. Repealed. Pub. L. 94-488, § 3(a), Oct. 13, 1976, 

 90 Stat. 2341. 



§ 1223. Repealed. Pub. L. 94-488, § 4(a), Oct. 13, 1976, 

 90 Stat. 2341. 



§1224. Creation of Trust Fund; appropriations; 

 authorizations for entitlements. 



(a) Trust Fund. 



(1) In general. 



There is hereby established on the books of the 

 Treasury of the United States a trust fund to be 

 known as the "State and Local Government Fiscal 

 Assistance Trust F\ind" i referred to in this sub- 

 chapter as the "Trust Fund"). The Trust Fund 

 shall remain available without fiscal year limita- 

 tion and shall consist of such amounts as may be 

 appropriated to it and deposited in it as provided 

 In subsection (b) or (c) of this section. Except 

 as provided in this chapter, amounts in the 

 Trust Fund may be used only for the payments 

 to State and local governments provided by this 

 subchapter. 



(2) Trustee. 



The Secretary of the Treasury shall be the 

 trustee of the Trust Fund and shall report to the 

 Congress not later than June 1 of each year 

 on the operation and status of the Trust Fund 

 during the preceding fiscal year. 



(b) Appropriations. 

 (1) In general. 



There is appropriated to the Trust Fund, out 

 of amounts in the general fund of the Treasury 

 attributable to the collections of the Federal In- 

 dividual income taxes not otherwise appropri- 

 ated — 



(A) for the period beginning January 1, 1972, 

 and ending June 30, 1972, $2,650,000,000; 



(B) for the period beginning July 1. 1972, and 

 ending December 31. 1972, $2,650,000,000; 



(C) for the period beginning January 1, 1973, 

 and ending June 30, 1973, $2,987,500,000; 



(D) for the fiscal year beginning July 1, 1973, 

 $6,050,000,000; 



