Settlements to forfeit property are designed to conserve the resources of both the claimants and the government in situations where justice will be served.
Through equitable sharing, any state or local law enforcement agency that directly participates in a law enforcement effort that results in a federal forfeiture may either request to put tangible forfeited property into official use or an equitable share of the net proceeds of the forfeiture.
Equitable Sharing Request Form (DAG-71) For use by State and Local Law Enforcement Agencies Deadline for submission of this request is forty-five (45) days following the date of forfeiture. Asset Information.
The U.S. Department of Justice's equitable sharing program is designed to enhance cooperation among federal, state, and local law enforcement agencies through the sharing of proceeds resulting from federal forfeitures.
Grants can be awarded for a wide-variety of activities, such as innovative research and development, housing, student support, and infrastructure building. Most federal funding goes to state and local governments, which in turn may sub-award funds to local entities, such as eligible nonprofit organizations.
Typically, forfeiture funds are available to help cover plan expenses, or they can be recycled and used as future employer contributions.