|
Federal Aid
|
Federal aid is the financial assistance issued by federal government of United States out of the general federal revenue. Federal aid is normally given in forms of tax credits, cash payments, payments in kind, and loans for a particular group of people.
Issuing authority
Federal aid is generally issued by the United States Government. Federal aid is also issued by private non-profit organizations like charitable establishments and not-for-profit organization.
Federal aid is regulated and defined by the Federal Grant and Cooperative Agreement Act of 1977, Title 31 Section 6304 of the U.S. Code.
Federal aid is primarily given to subsidize programmes and projects that match within the funding criteria of the donor organization.
Federal aid can be of two forms. Restricted aid and unrestricted aid. When federal aid is given to serve a specific purpose of the benefactor, then it is called restricted aid and when aid is used by the benefactor within it's periphery, then it is termed as unrestricted aid.
Types of grants
Some of the common types of grants include formula grants, categorical grants, block grants and earmark grants. More or less ninety percent of federal aid dollars are expended for categorical grants and thirty three percent of the categorical grants are counted as formula grants.
Categories of grant programmes
Some of the grant programme categories put forward for consideration by Federal grant-making agencies are Arts, agriculture, consumer protection, employment, labor and training, education regional development, environmental quality, energy, science and technology, housing, health, food and nutrition, humanities, transportation, social service, information and statistics, natural resource, disaster prevention, business and commerce.
|
|
|
|
