Secure Rural Schools and Payment in Lieu of Taxes Repair Act
A BILL
To extend the secure rural schools and community self-determination program, to restore mandatory funding status to the payment in lieu of taxes program, and for other purposes.
Sec. 2 Extension of secure rural schools and community self-determination program
“(D) for fiscal year 2014 and each fiscal year thereafter, the amount that is equal to the full funding amount for fiscal year 2011.”
“(C) Counties with major distributions—In the case of each eligible county to which $350,000 or more is distributed for any fiscal year pursuant to paragraph (1)(B) or (2)(B) of subsection (a), the eligible county shall elect to do 1 or more of the following with the balance of any funds not expended pursuant to subparagraph (A):
“(i) Reserve any portion of the balance for projects in accordance with title II.
“(ii) Reserve not more than 7 percent of the total share for the eligible county of the State payment or the county payment for projects in accordance with title III.
“(iii) Return the portion of the balance not reserved under clauses (i) and (ii) to the Treasury of the United States.”