A block grant is a specific amount of money received that is then designated for specific projects or areas.
Revenue sharing is the amount a business profits and how that monies are distributed to the shareholders, partners, employees etc.
A block grant is a specific amount of money received that is then designated for specific projects or areas. Revenue sharing is the amount a business profits and how that monies are distributed to the shareholders, partners, employees etc.
The main advantage that the revenue sharing system had over federal grants in the aid programs was that there were fewer requirements. Both options were intended to provide federal moneys to the individual states.
Anita S. Harbert has written: 'Federal grants-in-aid' -- subject(s): Grants-in-aid, Revenue sharing
What is the difference between loans grants gifts and aids?"
Revenue sharing provided states and local governments with greater flexibility in how they allocated funds, allowing them to address specific local needs and priorities without the restrictions often tied to federal grants-in-aid programs. Unlike grants, which typically come with stringent guidelines and reporting requirements, revenue sharing enabled governments to use the funds in a manner that best suited their unique circumstances. This approach fostered more efficient and responsive governance, as it empowered local entities to make decisions based on their immediate concerns and challenges.
Revenue Sharing - Can be used for anything Block Grants - Has one general purpose, Central government gives money to state of "technology" can use for computers, phones etc. Categorical Grants - One specific things - Computers for Public schools.
The difference between the two are that grants are given by banks and financial institutes and sholarships are given only by the universities.
Paul R. Dommel has written: 'The politics of revenue sharing' -- subject(s): Grants-in-aid, Intergovernmental fiscal relations, Politics and government
*Solicits grants
The difference between a tied grant and an ordinary grant is that a tied grant has conditions and the ordinary grants don't!
Grants do not get repaid, loans must be paid off.
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