Page:United States Statutes at Large Volume 90 Part 2.djvu/874

From Wikisource
Jump to navigation Jump to search
This page needs to be proofread.

PUBLIC LAW 94-000—MMMM. DD, 1976

90 STAT. 2342

PUBLIC LAW 94-488—OCT. 13, 1976 The amount determined under this paragraph is not to exceed $6,850,000,000. "(2) NONCONTIGUOUS STATES ADJUSTMENT AMOUNTS.—In the

case of any entitlement period described in paragraph (3), there are authorized to be appropriated to the Trust Fund to pay the entitlements hereinafter provided for such entitlement period an amount equal to $4,780,000 times a fraction— " (A) the numerator of which is the amount of the Federal individual income taxes collected in the last calendar year ending more than one year before the end of such entitlement period, and "(B) the denominator of which is the amount of the Federal individual income taxes collected in the calendar year 1975. The amount determined under this paragraph is not to exceed $4,923,759. "(3)

ENTITLEMENT

PERIODS.—The

following

entitlement

periods are described in this paragraph: "(A) The entitlement period beginning January 1, 1977, and ending September 30, 1977; "(B) The entitlement period beginning October 1, 1977, and ending September 30, 1978; "(C) The entitlement period beginning October 1, 1978, and ending September 30, 1979; and "(D) The entitlement period beginning October 1, 1979, and ending September 30, 1980. "(4) SHORT ENTITLEMENT PERIOD.—In the case of an entitlement period of 9 months which follows an entitlement period of 6 months— "(A) the amount determined under paragraph (1) for such 9-month period shall be reduced b^y one-half the amount appropriated for such 6-month period under subsection (b)(1), and "(B) the amount determined under paragraph (2) for such entitlement period shall be reduced by one-half the amount appropriated for such 6-month entitlement period under subsection (b)(2)." (4) by inserting "; AUTHORIZATIONS FOR ENTITLEMENTS" in the heading of such section immediately after "APPROPRIATIONS". (b) CONFORMING AMENDMENTS.—

31 USC 1225.

(1) Subsection (a) of section 106 (relating to general rule for allocation among States) is amended to read as follows: "(a) IN GENERAL.—There shall be allocated an entitlement to each

State— 31 USC 1224.

Ante, p. 2341.

"(1) for each entitlement period beginning before December 31, 1976, out of amounts appropriated under section 105(b)(1) for that entitlement period, an amount which bears the same ratio to the amount appropriated under that section for that period as the amount allocable to that State under subsection (b) bears to the sum of the amounts allocable to all States under subsection (b); and "(2) for each entitlement period beginning on or after January 1, 1977, out of amounts authorized under section 105(c)(1) for that entitlement period, an amount which bears the same ratio to the amount authorized under that section for that period as the