Final answer:
Authorized informal funds include the EITC, TANF, microcredit, micro savings, and programs like SNAP and WIC. These funds aid low- to moderate-income individuals and offer different levels of flexibility and requirements compared to federal grants.
Step-by-step explanation:
Examples of informal funds that are authorized include various types of transfer payments and financial aid programs designed to support individuals and governments. The Earned Income Tax Credit (EITC) serves as a refundable tax credit aimed at low- to moderate-income working individuals and families, supplementing their income. Temporary Assistance for Needy Families (TANF) provides cash assistance and supportive services to those in financial need. Microcredit and micro savings are financial services provided to low-income individuals or those without access to typical banking services that allow them to engage in both saving and borrowing small amounts of money.
Programs such as the Supplemental Nutrition Assistance Program (SNAP) and the Women, Infants, and Children Program (WIC) provide in-kind aid to eligible individuals. These programs are examples of informal funds that help enhance nutritional outcomes and support basic needs without requiring the same strict conditions as federal grants like categorical or block grants.