Allotment percentage
(A) In general
(A)In general#
The allotment percentage for a State is determined by dividing the per capita income of all individuals in the United States, by the per capita income of all individuals in the State.
(B)Limitations#
If an allotment percentage determined under subparagraph (A)—
(i) exceeds 1.2 percent, then the allotment percentage of that State shall be considered to be 1.2 percent; and
(ii) is less than 0.8 percent, then the allotment percentage of the State shall be considered to be 0.8 percent.
(B)(i)#
exceeds 1.2 percent, then the allotment percentage of that State shall be considered to be 1.2 percent; and
(B)(ii)#
is less than 0.8 percent, then the allotment percentage of the State shall be considered to be 0.8 percent.
(C)Per capita income#
For purposes of subparagraph (A), per capita income shall be—
(i) determined at 2-year intervals;
(ii) applied for the 2-year period beginning on October 1 of the first fiscal year beginning on the date such determination is made; and
(iii) equal to the average of the annual per capita incomes for the most recent period of 3 consecutive years for which satisfactory data are available from the Department of Commerce at the time such determination is made.
(C)(i)#
determined at 2-year intervals;
(C)(ii)#
applied for the 2-year period beginning on October 1 of the first fiscal year beginning on the date such determination is made; and
(C)(iii)#
equal to the average of the annual per capita incomes for the most recent period of 3 consecutive years for which satisfactory data are available from the Department of Commerce at the time such determination is made.