Page:United States Statutes at Large Volume 86.djvu/1527

This page needs to be proofread.

[86 STAT. 1485]
PUBLIC LAW 92-000—MMMM. DD, 1972
[86 STAT. 1485]

86

STAT.]

1485

PUBLIC LAW 92-603-OCT. 30, 1972

each of the Trust Funds and the general revenues of the United States bears". (b)(1) Sums appropriated pursuant to section 1601 of the Social Security Act shall be utilized from time to time, in amounts certified under the second sentence of section 201(g)(1)(A) of such Act, to repay the Trust Funds for expenditures made from such Funds in any fiscal year under section 201(g)(1)(A) of such Act (as amended by subsection (a) of this section) on account of the costs of administration of title X VI of such Act (as added by section 301 of this Act). (2) If the Trust Funds have not theretofore been repaid for expenditures made in any fiscal year (as described in paragraph (1)) to the extent necessary on account of— (A) expenditures made from such Funds prior to the end of such fiscal year to the extent that the amount of such expenditures exceeded the amount of the expenditures which would have been made from such Funds if subsection (a) had not been enacted, (B) the additional administrative expenses, if any, resulting from the excess expenditures described in subparagraph (A), and (C) any loss in interest to such Funds resulting from such excess expenditures and such administrative expenses, in order to place each such Fund in the same position (at the end of such fiscal year) as it would have been in if such excess expenditures had not been made, the amendments made by subsection (a) shall cease to be effective at the close of the fiscal year following such fiscal year. (3) As used in this subsection, the term "Trust Funds" has the meaning given it in section 201(g)(1)(A) of the Social Security Act. (c) The provisions of this section shall become effective on the date of enactment of this Act. DISREGARDING OF I N C O M E OF 0 A 8 D I R E C I P I E N T S I N DETERMINING FOR P U B L I C ASSISTANCE

Ante, p. 1465. Ante, p. 1484.

Effective date.

NEED

SEC. 306. I n addition to the requirements imposed by law as a condition of approval of a State plan to provide aid or assistance in the form of money payments to individuals under title I, X, X IV, or X VI of the Social Security Act, there is hereby imposed the requirement 42 USC soi, 3 (and the plan shall be deemed to require) that, in the case of any ^^^^' ^ 5 1. p. 1465. individual receiving aid or assistance for any month after October 1972, or, at the option of the State, September 1972, and before January 1974 who also receives in such month a monthly insurance benefit under title II of such Act which was increased as a result of the enactment 42 USC 4 0 1. of Public Law 92-336, the sum of the aid or assistance received by him Ante, p. 406. for such month, plus the monthly insurance benefit received by him in such month (not including any part of such benefit which is disregarded under such plan), shall exceed the sum of the aid or assistance which would have been received by him for such month under such plan as in effect for October 1972, plus the monthly insurance benefit which would have been received by him in such month, by an amount equal to $4 or (if less) to such increase in his monthly insurance benefit under such title II (whether such excess is brought about by disregarding a portion of such monthly insurance benefit or otherwise). TITLE IV—MISCELLANEOUS L I M I T A T I O N ON FISCAL L I A B I L I T Y OF STATES FOR STATE S U P P L E M E N T A T I O N

OPTIONAL

S E C 401. (a)(1) The amount payable to the Secretary by a State for any fiscal year pursuant to its agreement or agreements under