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42 U.S.C. 1397n–8: No Federal funding for credit enhancementsText contains those laws in effect through Public Law 119-120 (October 7, 2026).
From Title 42-THE PUBLIC HEALTH AND WELFARECHAPTER 7-SOCIAL SECURITY
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§1397n–8. No Federal funding for credit enhancements

No amount made available to carry out this division may be used to provide any insurance, guarantee, or other credit enhancement to a State or local government under which a Federal payment would be made to a State or local government as the result of a State or local government failing to achieve an outcome specified in an agreement.

( Aug. 14, 1935, ch. 531 , title XX, § 2059, as added Pub. L. 115–123, div. E, title VIII, § 50802(2) , Feb. 9, 2018 , 132 Stat. 281 .)