Transfers to States and Local Governments involves the transfer of funds or financial assistance from the Federal government to State and Local governments and Indian tribes.
- Formula Grants
Formula Grants involves the Allocation of money to States or their subdivisions in accordance with distribution formulas prescribed by law or administrative regulation, for activities of a continuing nature not confined to a specific project.
- Project/Competitive Grants
Project/Competitive Grants involves the funding, for fixed or known periods, of specific State or Local projects. Project/Competitive grants can include fellowships, scholarships, research grants, training grants, traineeships, experimental and demonstration grants, evaluation grants, planning grants, technical assistance grants, survey grants, and construction grants.
- Earmarked Grants
Earmarked Grants involves the distribution of money to States or Local Governments for a named purpose or service.
- State Loans
State Loans involve all disbursement of funds by the Government to a State or Local Government (or Indian Tribe) entity under a contract that requires the repayment of such funds with or without interest.