PROGRAM OBJECTIVES:
To compensate local taxing units for the loss of taxes from federally acquired lands, 75 percent of all monies received or deposited in the Treasury during any fiscal year for the account of leasing of lands acquired by the United States for flood control, navigation and allied purposes, including the development of hydroelectric power, are paid at the end of each year to the States in which such property is situated.

ELIGIBLE FUNCTIONAL CATEGORIES:
1. DISASTER PREVENTION AND RELIEF;
- Flood Prevention and Control;

WHO CAN BENEFIT FROM THIS PROGRAM:
- State;

WHO CAN APPLY:
- State (includes District of Columbia, public institutions of higher education and hospitals);