42 USC 1397n-12 - Definitions

U.S Code last checked for updates: Nov 22, 2024

§ 1397n–12.

Definitions

In this division:

(1)

Agency

(2)

Intervention

(3)

Secretary

(4)

Social impact partnership project

(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

(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