Establishment of Public Safety Trust Fund
In general
There is established in the Treasury of the United States a trust fund to be known as the Public Safety Trust Fund.
Availability
Amounts deposited in the Public Safety Trust Fund shall remain available through fiscal year 2022. Any amounts remaining in the Fund after the end of such fiscal year shall be deposited in the general fund of the Treasury, where such amounts shall be dedicated for the sole purpose of deficit reduction.
Use of Fund
Repayment of amount borrowed for First Responder Network Authority
section 1427 of this titleAn amount not to exceed $2,000,000,000 shall be available to the NTIA to reimburse the general fund of the Treasury for any amounts borrowed under .
State and Local Implementation Fund
section 1441 of this title$135,000,000 shall be deposited in the State and Local Implementation Fund established by .
Buildout by First Responder Network Authority
section 1427 of this titlesection 1426 of this title$7,000,000,000, reduced by the amount borrowed under , shall be deposited in the Network Construction Fund established by .
Public safety research
section 1443 of this title$100,000,000 shall be available to the Director of NIST to carry out .
Deficit reduction
$20,400,000,000 shall be deposited in the general fund of the Treasury, where such amount shall be dedicated for the sole purpose of deficit reduction.
9–1–1, E9–1–1, and Next Generation 9–1–1 implementation grants
section 942 of this title$115,000,000 shall be available to the Assistant Secretary and the Administrator of the National Highway Traffic Safety Administration to carry out the grant program under .
Additional public safety research
section 1443 of this title$200,000,000 shall be available to the Director of NIST to carry out .
Additional deficit reduction
Any remaining amounts deposited in the Public Safety Trust Fund shall be deposited in the general fund of the Treasury, where such amounts shall be dedicated for the sole purpose of deficit reduction.
Investment
section 9702 of title 31Amounts in the Public Safety Trust Fund shall be invested in accordance with , and any interest on, and proceeds from, any such investment shall be credited to, and become a part of, the Fund.