PAYMENTS TO STATE AND LOCAL GOVERNMENTS.

SEC. 102. PAYMENTS TO STATE AND LOCAL GOVERNMENTS. Except as otherwise provided Ln this title, the Secretary shall, for each entitlement period, pay out of the Trust Fund to— (1) each State government a total amount equal to the entitlement of such State government determined under section 107 for such period, and (2) each unit of local government a total amount equal to the entitlement of such unit determined under section 108 for such period. In the case of entitlement periods ending after the date of the enactment of this Act, such payments shall be made in installments, but not less often than once for each quarter, and, in the case of quarters ending after September 30, 1972, shall be paid not later than 5 days after the close of each quarter. Such payments for any entitlement period may be initially made on the basis of estimates. Proper adjustment shall be made in the amount of any payment to a State government or a unit of local government to the extent that the payments previously made to such government under this subtitle were in excess of or less than the amounts required to be paid.