Local Fiscal Assistance Act

[AI summary unavailable — showing source text] Local Fiscal Assistance Act - Eliminates provisions relating to assistance payments to State governments from the State and Local Fiscal Assistance Act. Requires such payments to local governments on a quarterly basis. Changes the name of the fund in such Act to the Local Government Fiscal Assistance Trust Fund. Authorizes appropriations to such fund for fiscal years 1975 through December 31, 1978; and such sums as are necessary for advance payments to local governments for critical needs. Changes the definition of "entitlement period" to include the time from January 1, 1975, through December 31, 1978.…