Title 47 — Telegraphs, Telephones, and RadiotelegraphsRelease 119-73

§1441 State and Local Implementation Fund

Title 47 › Chapter CHAPTER 13— - PUBLIC SAFETY COMMUNICATIONS AND ELECTROMAGNETIC SPECTRUM AUCTIONS › Subchapter SUBCHAPTER III— - PUBLIC SAFETY COMMITMENTS › § 1441

Last updated Apr 6, 2026|Official source

Summary

Creates the State and Local Implementation Fund. The Assistant Secretary may borrow up to $135,000,000 from the general fund of the Treasury before the end of fiscal year 2022 to carry out section 1442. Borrowed money must be repaid without interest as deposits enter the Fund. Any balance on September 30, 2022 must be returned to the general fund and used only for deficit reduction.

Full Legal Text

Title 47, §1441

Telegraphs, Telephones, and Radiotelegraphs — Source: USLM XML via OLRC

(a)There is established in the Treasury of the United States a fund to be known as the State and Local Implementation Fund.

(b)Any amounts borrowed under subsection (c)(1) and any amounts in the State and Local Implementation Fund that are not necessary to reimburse the general fund of the Treasury for such borrowed amounts shall be available to the Assistant Secretary to implement section 1442 of this title.

(c)(1)Prior to the end of fiscal year 2022, the Assistant Secretary may borrow from the general fund of the Treasury such sums as may be necessary, but not to exceed $135,000,000, to implement section 1442 of this title.

(2)The Assistant Secretary shall reimburse the general fund of the Treasury, without interest, for any amounts borrowed under paragraph (1) as funds are deposited into the State and Local Implementation Fund.

(d)If there is a balance remaining in the State and Local Implementation Fund on September 30, 2022, the Secretary of the Treasury shall transfer such balance to the general fund of the Treasury, where such balance shall be dedicated for the sole purpose of deficit reduction.

Reference

Citations & Metadata

Citation

47 U.S.C. § 1441

Title 47 — Telegraphs, Telephones, and Radiotelegraphs

Last Updated

Apr 6, 2026

Release point: 119-73