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Title 34 — NavyRelease 119-73

§10158 Interest-bearing trust funds

Title 34 › Subtitle Subtitle I— - Comprehensive Acts › Chapter CHAPTER 101— - JUSTICE SYSTEM IMPROVEMENT › Subchapter SUBCHAPTER V— - BUREAU OF JUSTICE ASSISTANCE GRANT PROGRAMS › Part Part A— - Edward Byrne Memorial Justice Assistance Grant Program › § 10158

Last updated Apr 6, 2026|Official source

Summary

States and local governments must set up a trust fund to hold money they get under this part. All amounts they get, including any interest, must be spent before the grant period ends. If they do not spend the full amount, they must repay the unspent balance to the Attorney General within 3 months after the grant period ends. If they fail to do that, the Attorney General will reduce future payments. Repaid money is handled under section 10108 and is put into a special Treasury fund for the Attorney General to use for this program.

Full Legal Text

Title 34, §10158

Navy — Source: USLM XML via OLRC

(a)A State or unit of local government shall establish a trust fund in which to deposit amounts received under this part.
(b)(1)Each amount received under this part (including interest on such amount) shall be expended before the date on which the grant period expires.
(2)A State or unit of local government that fails to expend an entire amount (including interest on such amount) as required by paragraph (1) shall repay the unexpended portion to the Attorney General not later than 3 months after the date on which the grant period expires.
(3)If a State or unit of local government fails to comply with paragraphs (1) and (2), the Attorney General shall reduce amounts to be provided to that State or unit of local government accordingly.
(c)Amounts received as repayments under this section shall be subject to section 10108 of this title as if such amounts had not been granted and repaid. Such amounts shall be deposited in the Treasury in a dedicated fund for use by the Attorney General to carry out this part. Such funds are hereby made available to carry out this part.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification Section was formerly classified to section 3757 of Title 42, The Public Health and Welfare, prior to editorial reclassification and renumbering as this section.

Prior Provisions

A prior section 507 of title I of Pub. L. 90–351, as added Pub. L. 100–690, title VI, § 6091(a), Nov. 18, 1988, 102 Stat. 4335, related to designation and purposes of a State office, prior to repeal by Pub. L. 109–162, title XI, § 1111(a)(1), (d), Jan. 5, 2006, 119 Stat. 3094, 3102, applicable with respect to the first fiscal year beginning after Jan. 5, 2006, and each fiscal year thereafter. Another prior section 507 of Pub. L. 90–351, title I, June 19, 1968, 82 Stat. 205; Pub. L. 93–83, § 2, Aug. 6, 1973, 87 Stat. 211; Pub. L. 94–503, title I, §§ 119(b), 121, Oct. 15, 1976, 90 Stat. 2417, 2418, related to officers, employees, and hearing examiners, prior to the general amendment of title I of Pub. L. 90–351 by Pub. L. 96–157.

Statutory Notes and Related Subsidiaries

Effective Date

Section applicable with respect to the first fiscal year beginning after Jan. 5, 2006, and each fiscal year thereafter, see section 1111(d) of Pub. L. 109–162, set out as an

Effective Date

of 2006 Amendment note under section 10151 of this title.

Reference

Citations & Metadata

Citation

34 U.S.C. § 10158

Title 34 — Navy

Last Updated

Apr 6, 2026

Release point: 119-73