Page:United States Statutes at Large Volume 86.djvu/963

 86 STAT.]

PUBLIC LAW 92-51 2 - O C T. 20, 1972

amounts in the Trust F u n d may be used only for the payments to State and local governments provided by this subtitle. (2) TRUSTEE.—The Secretary of the Treasury shall be the ^^^P°^*^*° trustee of the Trust F u n d and shall report to the Congress not Congress. later than March 1 of each year on the operation and status of the Trust F u n d during the preceding fiscal year. (b)

APPROPRIATIONS.—

(1) IN GENERAL.—There is appropriated to the Trust Fund, out of amounts in the general fund of the Treasury attributaible to the collections of the Federal individual income taxes not otherwise appropriated— (A) for the period beginning January 1, 1972, and ending June 30, 1972, $2,650,000,000; •-•'"^i ' (B) for the period beginning July 1, 1972, and ending December 31, 1972, $2,650,000,000; (C) for the period beginning January 1, 1973, and ending June 30, 1973, $2,987,500,000; \"''i (D) for the fiscal year beginning July 1, 1973, $6,050,000,000; '"• •• (E) for the fiscal year beginning July 1, 1974, $6,200,000,000; •,iO^~:''r (F) for the fiscal year beginning July 1, 1975, $6,350,000,000; and .f.M<" ^ (G) for the period beginning July 1, 1976, and ending =;T, December 31, 1976, $3,325,000,000. (2)

NONCONTIGUOUS STATES ADJUSTMENT AMOUNTS.—There is

appropriated to the Trust Fund, out of amounts in the general fund of the Treasury attributable to the collections of the Federal individual income taxes not otherwise appropriated— (A) for the period beginning January 1, 1972, and ending June 30, 1972, $2,390,000; (B) for the period beginning July 1, 1972, and ending December 31, 1972^ $2,390,000; > (C) for the period beginning January 1, 1973, and ending June 30, 1973, $2,390,000; (D) for each of the fiscal years beginning July 1, 1973, July 1, 1974, and July 1, 1975, $4,780,000; and (iE) for the period beginning July 1, 1976, and ending December 31, 1976, $2,390,000. (3) DEPOSITS.—Amounts appropriated by paragraph (1) or (2) for any fiscal year or other period shall be deposited in the Trust Fund on the later of (A) the first day of such year or period, or (B) the day after the date of enactment of this Act. (c) TRANSFERS FROM TRUST F U N D TO GENERAL F U N D. — The Secretary shall from time to time transfer from the Trust Fund to the general fund of the Treasury any moneys in the Trust F u n d which he determines will not be needed to make payments to State governments and units of local government under this subtitle. SEC. 106. ALLOCATION AMONG STATES.

(a) IN GENERAL.—There shall be allocated to each State for each entitlement period, out of amounts appropriated under section 105(b) (1) for that entitlement period, an amount which bears the same ratio to the amount appropriated under that section for that period as the amount allocable to that State under subsection (b) bears to the sum of the amounts allocable to all States under subsection (b). (b) DETERMINATION OF ALLOCABLE A M O U N T. —

921

�