View all text of Subchapter VI [§ 1381 - § 1389]
§ 1381. Grants to States for establishment of revolving funds
(a) General authority
(b) Schedule of grant paymentsThe Administrator and each State shall jointly establish a schedule of payments under which the Administrator will pay to the State the amount of each grant to be made to the State under this subchapter. Such schedule shall be based on the State’s intended use plan under section 1386(c) of this title, except that—
(1) such payments shall be made in quarterly installments, and
(2) such payments shall be made as expeditiously as possible, but in no event later than the earlier of—
(A) 8 quarters after the date such funds were obligated by the State, or
(B) 12 quarters after the date such funds were allotted to the State.
(June 30, 1948, ch. 758, title VI, § 601, as added Pub. L. 100–4, title II, § 212(a), Feb. 4, 1987, 101 Stat. 22; amended Pub. L. 113–121, title V, § 5001, June 10, 2014, 128 Stat. 1322.)