Targeted Fiscal Assistance Act of 1986

Summary

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.

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Timeline

1. 30 January 1986

   Introduced

   Read twice and referred to the Committee on Governmental Affairs.

   Source: IntroReferral

2. 30 January 1986

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 10 February 1986

   Referred

   Referred to Subcommittee on Intergovernmental Relations.

   Source: Committee

4. 24 July 1986

   Committee

   Subcommittee on Intergovernmental Relations. Hearings held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in Senate

  summary · EN · 30 January 1986

  Open at official source

Sponsors

• Sen. Durenberger, Dave [R-MN] · R · Sponsor
• Sen. Evans, Daniel J. [R-WA] · R · Sponsor
• Rep. Andrews, Mark [R-ND-At Large] · R · Cosponsor
• Rep. Simon, Paul [D-IL-24] · D · Cosponsor
• Sen. Denton, Jeremiah [R-AL] · R · Cosponsor
• · ssga00 · Standing

Related records

• related to → Targeted Fiscal Assistance Act of 1986
• related to → Targeted Fiscal Assistance Act of 1986