Funds that are given by congress to states and localities and earmarked by law for specific categories are known as:_________

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27-07-2022
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Funds that are given by congress to states and localities and earmarked by law for specific categories are known as:_________

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mapooja789 mapooja789 · Answer 1 · 2022-08-04T13:42:54+02:00

Funds which are given by means of congress to states and localities and earmarked by means of law for particular classes are referred to as: categorical grants

Categorical presents are federal grants given to state and neighborhood governments to inspire their cooperation in imposing unique purposes and applications. those grants deliver less flexibility to state governments than block presents.

The time period presents-in-resource refers to the federal authorities giving cash to the states for a specific motive. There are standard types of presents-in-useful resource: Block offers: cash given for a reasonably extensive reason with few strings attached.

Earmarked funds are FIS files that departments can create to reserve to be had finances bucks for future fees. Earmarked price range are also called guide Reserves, price range Commitments and Encumbrances.

There are varieties of categorical grants:

undertaking presents: cash states observe for by means of filing unique challenge proposals.

components presents: money given to states consistent with a mathematical formula.

Learn more about categorical grants here: https://brainly.com/question/27365006

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