Federal assistance to local governments in accordance with a distribution formula established by law or regulation. The actual payment is usually based on such factors as: population characteristics, per capita income, substandard housing, or rate of unemployment. Formulas indicate the total of which recipients are entitled if the requirements, regulations or other criteria of law are met. Also see categorical grant or block grant.
categorical grants awarded to states and municipalities in which the amount is determined by plugging statistics into a specific formula.
an award that is based on a predetermined formula and is given non-competitively
funds made available on the basis of a specific formula used by the granting agency and prescribed in legislation, regulation, or policies of that agency. The funds are awarded on the basis of demographic and economic data.
A grant that the Department is directed by Congress to make to grantees, for which the amount is established by a formula based on certain criteria that are written into the legislation and program regulations; directly awarded and administered in the Department's program offices.
the main channel of government funding. This includes Redistributed business rates, RSG and Police Grant. The distribution is determined by the FSS formulae, also taking account of authorities' relative ability to raise council tax and the floor damping mechanism. There are no restrictions on what local government can spend it on. It makes up the largest part of AEF. ( See section 2.4.3)