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GG-8-235 1 (1978-05-12)

handle is hein.gao/gaobadtnu0001 and id is 1 raw text is: 438 I 8N1119 B-146285 - GG8-235 The Honorable Jack Brooks Chairman, Committee on Government Operations House of Representatives Dear Mr. Chairman: This is in response to your request of April 28, 1978, for our comments on H.R. 12293. The purpose of the bill is to authorize a supplementary fiscal assistance program of payments to local governments, and for other purposes. The bill authorizes the Secretary of the Treasury to make pay- ments totaling $1.04 billion to certain local governments, territories, Indian tribes, and Alaskan native villages. The payments are intended to provide fiscal assistance to areas experiencing substantial unemployment or a high degree of fiscal strain or secular economic decline as reflected in disproportionately slow growth in employment, per capita income, and population. In testimony on May 4, 1978, before the House Subcommittee on Intergovernmental Relations and Human Resources, the Deputy Secretary of the Treasury stated that the supplementary fiscal assistance program is intended to succeed the antirecession assistance program which expires September 30, 1978. State governments, however, would not be eligible to receive funds under the supplementary fiscal assistance program, but about 26,000 local governments would receive funds, including about 5,000 governments that did not receive antirecession assis- tance payments during the past year. The amount of supplementary fiscal assistance payable annually to any local government could not exceed the amount of antirecession assistance it received during the year ended June 30, 19.78, but this limitation does not apply to a local government that did not receive antirecession assistance. Consequently, annual payments to a government that received antirecession assistance for only one of the .four quarters during the year ended June 30, 1978, would be limited to the amount of assistance it received that it , .. ' U COMPTROLLER GENERAL OF THE UNITED STATES WASHINGTON, D.C. 20548 MAY 1 2 1978 * i*

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