H.R. 4851 · 109th Congress
Emergency Targeted Revenue Sharing Act of 2006
- Stage
- In committee
- Sponsor
- Major Owens
- Introduced
- 2006-03-02
- Latest action
- 2006-05-01 · Referred to the Subcommittee on Education Reform.
Summary
Emergency Targeted Revenue Sharing Act of 2006 - Authorizes and makes appropriations for FY2007-2009 for financial assistance to states and their local governments for: (1) assistance for education; and (2) general revenue sharing.
Directs the Secretary of the Treasury to make allotments of such funds to states, with 50% of such allotments to be distributed by states among their local governments. Bases the amount of a state's allotment and of a local government's share upon relative: (1) school-age population, in the case of education assistance; and (2) general population, in the case of general revenue sharing.