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42 U.S.C. § 1397n–8

No Federal funding for credit enhancements

United States · Title 42 — THE PUBLIC HEALTH AND WELFARE · Status: effective

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42 U.S.C. § 1397n–8, No Federal funding for credit enhancements, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/477483
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Full text

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.

Legislative history

The public laws that enacted or amended this section. Tallies are for the whole bill as it passed each chamber — often an omnibus covering far more than this provision — not a vote on this section alone.