United States Code (Last Updated: May 24, 2014) |
Title 42. THE PUBLIC HEALTH AND WELFARE |
Chapter 105. COMMUNITY SERVICES PROGRAMS |
SubChapter I. COMMUNITY ECONOMIC DEVELOPMENT |
Part D. Supportive Programs and Activities |
§ 9815. Small Business Administration and Department of Commerce economic development programs; regulations
Latest version.
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(a) (1) Funds granted under this subchapter which are invested directly or indirectly, in a small investment company, local development company, limited small business investment company, or small business investment company licensee under section 681(d) Works and Economic Development Act of 1965,1 shall qualify for assistance under the provisions of title I and title II of such Act, and shall be deemed to have met the overall economic development program requirements of section 202(b)(10) of such Act. (2) Not later than 90 days after August 13, 1981 , the Secretary of Commerce shall prescribe regulations which will ensure that community development corporations and cooperatives shall qualify for assistance and shall be eligible to receive such assistance under all such programs of the Economic Development Administration as shall further the purposes of this subchapter.
References In Text
Section 681(d) of title 15, referred to in subsec. (a)(1), was repealed by Pub. L. 104–208, div. D, title II, § 208(b)(3)(A),
The Public Works and Economic Development Act of 1965, referred to in subsec. (b)(1), is Pub. L. 89–136,