I 

112TH CONGRESS 

1ST SESSION H. R. 2920 

To establish the Detroit Jobs Trust Fund. 

IN THE HOUSE OF REPRESENTATIVES 

SEPTEMBER 14, 2011 

Mr. CLARKE of Michigan introduced the following bill; which was referred to 

the Committee on Ways and Means, and in addition to the Committee 

on Oversight and Government Reform, for a period to be subsequently 

determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned 

A BILL 

To establish the Detroit Jobs Trust Fund. 

1 Be it enacted by the Senate and House of Representa2 tives of the United States of America in Congress assembled, 

3 SECTION 1. SHORT TITLE. 

4 This Act may be cited as the ‘‘Detroit Jobs Trust 

5 Fund Act’’. 

6 SEC. 2. DETROIT JOBS TRUST FUND. 

7 (a) IN GENERAL.—Subchapter A of chapter 98 of the 

8 Internal Revenue Code of 1986 is amended by adding at 

9 the end the following new section: 


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1 ‘‘SEC. 9512. DETROIT JOBS TRUST FUND. 

2 ‘‘(a) CREATION OF TRUST FUND.—There is estab3 lished in the Treasury of the United States a trust fund 

4 to be known as the ‘Detroit Jobs Trust Fund’, consisting 

5 of such amounts as may be appropriated or credited to 

6 such fund as provided in this section or section 9602(b). 

7 ‘‘(b) TRANSFERS TO TRUST FUND.—There are here8 by appropriated to the Detroit Jobs Trust Fund amounts 

9 equivalent to receipts in the Treasury of taxes imposed 

10 under this title (with respect to periods after the date of 

11 the enactment of this section) which are (as determined 

12 by the Secretary) attributable to Detroit, Michigan. 

13 ‘‘(c) EXPENDITURES.— 

14 ‘‘(1) IN GENERAL.—Except as otherwise pro15 vided in this subsection, amounts in the Detroit Jobs 

16 Development Fund shall (without need of any fur17 ther appropriation) be distributed annually by the 

18 Secretary to the city of Detroit, Michigan to carry19 out the purposes described in paragraph (2). 

20 ‘‘(2) USE OF EXPENDITURES.—Amounts dis21 tributed to the city of Detroit, Michigan under this 

22 section shall be used for the following purposes and 

23 in the following order of priority: 

24 ‘‘(A) To the extent of the first 

25 $378,256,650 distributed with respect the anVerDate Mar 15 2010 03:04 Sep 16, 2011 Jkt 099200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H2920.IH H2920

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1 nual period, for any purpose determined by the 

2 city government of Detroit, Michigan. 

3 ‘‘(B) Second, for payment of principal and 

4 interest on any obligation issued by the city of 

5 Detroit, Michigan (to the extent of such obliga6 tions). 

7 ‘‘(C) Third, for payment of principal and 

8 interest on obligations to which section 103 ap9 plies and the proceeds of which were used for 

10 the public schools of the city of Detroit, Michi11 gan (to the extent of such obligations). 

12 ‘‘(D) Fourth, for jobs development, public 

13 safety, education, business infrastructure, or 

14 public infrastructure (to the extent consistent 

15 with the plan described in paragraph (4)). 

16 ‘‘(3) RESTRICTION ON DISTRIBUTIONS.—No 

17 distribution shall be made by the Secretary under 

18 paragraph (1) unless— 

19 ‘‘(A) the city of Detroit, Michigan, does 

20 not impose an income tax, 

21 ‘‘(B) such city has reduced the aggregate 

22 property taxes imposed by an amount not less 

23 than the reduction in the payment obligations 

24 of such city by reason of the payments de25 scribed in paragraph (2), and 


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1 ‘‘(C) all prior distributions made to the 

2 city under paragraph (2) were used by the city 

3 in a manner consistent with the requirements of 

4 paragraph (2). 

5 ‘‘(4) 5-YEAR DEVELOPMENT PLAN.—A plan is 

6 described in this paragraph if such plan— 

7 ‘‘(A) is a 5-year plan describing develop8 ment goals for Detroit, Michigan, and detailing 

9 how distributions for purposes described in 

10 paragraph (2)(D) will be spent, 

11 ‘‘(B) has been approved by simple majority 

12 vote of the City Council of Detroit, Michigan 

13 (after consultation with the Detroit Board of 

14 Education), and 

15 ‘‘(C) has been submitted to, and approved 

16 by, the Secretary of Housing and Urban Devel17 opment. 

18 No distribution shall be made under paragraph (1) 

19 for a purpose described in paragraph (2)(D) unless 

20 a plan described in this paragraph is in effect and 

21 all prior such distributions for such purposes were 

22 used in accordance with such plan. 

23 ‘‘(5) AMOUNTS MADE AVAILABLE NOT TO RE24 DUCE OTHER FUNDING.—Amounts distributed to the 

25 city of Detroit, Michigan under this section shall 


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1 supplement, and not supplant, any other funding 

2 (including any Federal funding) for such city. 

3 ‘‘(d) TERMINATION.—No amount shall be distributed 

4 from, or appropriated to, the Detroit Jobs Trust Fund 

5 after the 5-year period beginning on the date of the enact6 ment of this Act. Any amounts remaining in such Trust 

7 Fund at the end of such period shall be transferred to 

8 the general fund of the Treasury.’’. 

9 (b) The table of sections for subchapter A of chapter 

10 98 of such Code is amended by adding at the end the fol11 lowing new item: 

‘‘Sec. 9512. Detroit Jobs Trust Fund.’’. 

Æ 


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