All Information (Except Text) for S.2037 - Targeted Fiscal Assistance Act of 198699th Congress (1985-1986)
|Sponsor:||Sen. Durenberger, Dave [R-MN] (Introduced 01/30/1986)|
|Committees:||Senate - Governmental Affairs|
|Latest Action:||Senate - 07/24/1986 Subcommittee on Intergovernmental Relations. Hearings held. (All Actions)|
This bill has the status Introduced
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Titles Actions Overview All Actions Cosponsors Committees Related Bills Subjects Latest Summary All Summaries
Actions Overview (1)
|01/30/1986||Introduced in Senate|
01/30/1986 Introduced in Senate
All Actions (3)
|07/24/1986||Subcommittee on Intergovernmental Relations. Hearings held.|
Action By: Senate Governmental Affairs Subcommittee on Intergovernmental Relations
|02/10/1986||Referred to Subcommittee on Intergovernmental Relations.|
Action By: Committee on Governmental Affairs
|01/30/1986||Read twice and referred to the Committee on Governmental Affairs.|
Action By: Senate
07/24/1986 Subcommittee on Intergovernmental Relations. Hearings held.
02/10/1986 Referred to Subcommittee on Intergovernmental Relations.
01/30/1986 Read twice and referred to the Committee on Governmental Affairs.
|Sen. Evans, Daniel J. [R-WA]*||01/30/1986|
|Sen. Andrews, Mark [R-ND]||02/25/1986|
|Sen. Simon, Paul [D-IL]||03/07/1986|
|Sen. Denton, Jeremiah [R-AL]||09/08/1986|
|Committee / Subcommittee||Date||Activity||Reports|
|Senate Governmental Affairs||01/30/1986||Referred to|
|Senate Governmental Affairs Subcommittee on Intergovernmental Relations||02/10/1986||Referred to|
Subject — Policy Area:
One Policy Area term, which best describes an entire measure, is assigned to every public bill or resolution.
Latest Summary (1)
Introduced in Senate (01/30/1986)
Targeted Fiscal Assistance Act of 1986 - Amends Federal law to replace the general revenue sharing program with the Targeted Fiscal Assistance (TFA) program. Authorizes appropriations for TFA for FY 1987 through 1989.
Provides for special allocations of TFA funds for Indian tribes, Alaskan native villages, and the District of Columbia.
Directs the Secretary of the Treasury to allocate TFA funds to each State (for subsequent allocation to local governments) according to a specified formula based on the need factor, the general tax effort factor, and the relative fiscal gap factor, as defined in this Act, for each State. Entitles local governments to a portion of such State funds according to a specified formula based on the following factors, as defined in this Act, for each unit of local government in a State relative to all units in such State: (1) the unit's population; (2) the unit's general tax effort factor; and (3) the unit's relative income factor. Eliminates provisions allowing State variation of local government allocations. Sets forth maximum and minimum limitations on local government entitlements.