; (ii) were not accounted for in the budget most recently approved as of March 27, 2020, for the State or local government; and (iii) were incurred during the period that begins on March 1, 2020, and ends on December 31, 2022; or (B) for expenditures in calendar year 2020, 2021, or 2022 that the State, Tribal government, or unit of local government would otherwise be unable to make because of decreased or delayed revenues. (2) Limitation No State may use funds made available under this section for deposit into any State pension fund. (e) Fair and equitable budgeting requirement As a condition for receiving amounts paid under this subsection, each State, to the extent allowable by State law, shall agree— (1) to base any cut to funding to units of local government under the State budget on emergency need, and shall ensure that such cuts are balanced to ensure all units of local government are treated fairly; (2) to primarily use economic conditions, budgetary shortfall, and revenue loss for each respective county and municipality, as compared to 2019 levels, to determine whether any such cut is balanced and appropriate