42 USC 1397n-12 - Definitions

U.S Code last checked for updates: Apr 25, 2024

§ 1397n–12.

Definitions

In this division:

(1)

Agency

The term “agency” has the meaning given that term in section 551 of title 5.

(2)

Intervention

The term “intervention” means a specific service delivered to achieve an impact through a social impact partnership project.

(3)

Secretary

The term “Secretary” means the Secretary of the Treasury.

(4)

Social impact partnership project

The term “social impact partnership project” means a project that finances social services using a social impact partnership model.

(5)

Social impact partnership model

The term “social impact partnership model” means a method of financing social services in which—

(A)

Federal funds are awarded to a State or local government only if a State or local government achieves certain outcomes agreed on by the State or local government and the Secretary; and

(B)

the State or local government coordinates with service providers, investors (if applicable to the project), and (if necessary) an intermediary to identify—

(i)

an intervention expected to produce the outcome;

(ii)

a service provider to deliver the intervention to the target population; and

(iii)

investors to fund the delivery of the intervention.

(6)

State

The term “State” means each State of the United States, the District of Columbia, each commonwealth, territory or possession of the United States, and each federally recognized Indian tribe.

(Aug. 14, 1935, ch. 531, title XX, § 2063, as added Pub. L. 115–123, div. E, title VIII, § 50802(2), Feb. 9, 2018, 132 Stat. 282.)

cite as: 42 USC 1397n-12