Public Law 119-102 (07/12/2026)

42 U.S.C. § 1397n–8

No Federal funding for credit enhancements

Section text and notes

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 Pub. L. 115–123, div. E, title VIII, § 50802(2)132 Stat. 281 (, title XX, § 2059, as added , , .)