Page:United States Statutes at Large Volume 90 Part 1.djvu/1053

 PUBLIC LAW 94-369—JULY 22, 1976

9 0 STAT. 1 0 0 3

(b) AUTHORIZATION OF APPROPRIATIONS.—Subject to the provisions

of subsections (c) and (d), there are authorized to be appropriated for each of the five succeeding calendar quarters (beginning with the calendar quarter which begins on July 1, 1976) for the purpose of payments under this title— (1) $125,000,000 plus (2) $62,500,000 multiplied by the number of one-half percentage points by which the rate of seasonally adjusted national unemployment for the most recent calendar quarter which ended three months before the beginning of such calendar quarter exceeded 6 percent. (c)

AGGREGATE AUTHORIZATION. — I n no case shall the

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aggregate

amount authorized to be appropriated under the provisions of subsection (b) for the five calendar quarters beginning with the calendar quarter which begins July 1, 1976, exceed $1,250,000,000. (d) TERMINATION.—No amount is authorized to be appropriated under the provisions of subsection (b) for any calendar quarter if— (1) the average rate of national unemployment during the most recent calendar quarter which ended three months before the beginning of such calendar quarter did not exceed 6 percent, and (2) the rate of national unemployment for the last month of the most recent calendar quarter which ended three months before the beginning of such calendar quarter did not exceed 6 percent.

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ALLOCATION SEC. 203. (a) RESERVATIONS.—

42 USC 6723.

(1) ELIGIBLE STATES.—The Secretary shall reserve one-third of the amounts appropriated pursuant to authorization under section 202 for each calendar quarter for the purpose of making payments to eligible State governments under subsection (b). (2)

ELIGIBLE UNITS OF LOCAL GOVERNMENT.—The

Secretary

shall reserve two-thirds of such amounts for the purpose of making payments to eligible units of local government under subsection (c). (b) STATE ALLOCATION.—

(1) IN GENERAL.—The Secretary shall allocate from amounts reserved under subsection (a)(1) an amount for the purpose of making payments to each State equal to the total amount reserved under subsection (a)(1) for the calendar quarter multiplied by the applicable State percentage. (2) APPLICABLE STATE PERCENTAGE.—For purposes of this sub-

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section, the applicable State percentage is equal to the quotient resulting from the division of the product of— (A) the State excess unemployment percentage, multiplied by (B) the State revenue sharing amount by the sum of such products for all the States. (3) DEFINITIONS. — For the purposes of this section— (A) the term " State " means each State of the United States; (B) the State excess unemployment percentage is equal to the difference resulting from the subtraction of 4.5 percentage points from the State unemployment rate for that State but shall not be less than zero;

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