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When federal chip funding expired in September 2017, states made up for the lack of federal money by using reserves and received a short-term.
What is federal?
- Federal refers to the formation of a form of government in which power is divided between a central authority and a number of constituent territorial units: of or relating to a federal central government as distinct from the government of a constituent entity.
- The Federal Reserve was established by the Federal Reserve Act in 1913 to act as the country's central bank.
- The Washington, D.C. Board of Governors is a federal and congressional agency with direct accountability to them.
- The federal government is made up of three distinct departments: The legislative, executive, and judiciary branches, which the United States Constitution delegates powers to, respectively, the Congress, the President, and the federal courts.
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