The first federal grant program was established so that states can establish land-grant colleges. This was included in the Morrill Land-Grant Acts.
The Established claused
the national road
The final part of Alexander Hamilton's economic program for raising funds was the establishment of a national bank, which became the First Bank of the United States in 1791. The bank would serve as a central repository for federal funds, issue currency to stabilize the economy, and provide loans to promote economic growth.
Banks in need of reserves can borrow funds from either the Federal Reserve or in the federal funds market.
Authorizing legislation: A bill that creates a new federal program, extends the life of an existing program, or repeals existing law. Authorizing bills usually set a limit on the amount of funds that can be spent annually by a program over a period of three to five years. But it's important to remember that an authorizing bill only establishes the framework for a federal program - it does not provide funds to operate the program.
the first highway built entirely with federal funds
A giving of funds to an institution or a person in order to subsidize a project or program.
Medicaid is a joint, state/federal program that provides medical care to the poor. It is essentially a welfare plan. The federal government funds the majority of it, but states contribute too. The states administer the Medicaid programs subject to federal guidelines.jointly by the federal government and each state A+
The federal funds rate is the interest rate banks charge on loans in the federal funds market. The federal funds rate is not set administratively by the Fed. Instead, the rate is determined by the supply of reserves relative to the demand for them.
The primary federal agency that overseas disaster recovery funds is the Federal Emergency Management Agency, or FEMA. Also, the National Flood Insurance program focuses primarily on losses due to floods.
The authority that provides permission for a Federal program or activity to begin or continue from year to year, without providing Budget Authority to fund it, is known as "program authorization." This authorization establishes the legal basis for the program but does not include the appropriated funds necessary for its operation. Budget Authority, which is required to allocate funds, must be provided separately through the appropriations process.
Federal pass through funds are grants given to one organization to be passed through directly into the hands of another group. This is often done when the group that actually needs the funds cannot be funded directly by federal funds.