2012 US Code
Title 42 - The Public Health and Welfare
Chapter 105 - COMMUNITY SERVICES PROGRAMS (§§ 9801 - 9887)
Subchapter I - COMMUNITY ECONOMIC DEVELOPMENT (§§ 9801 - 9822)
Part D - Supportive Programs and Activities (§§ 9814 - 9822)
Section 9815 - Small Business Administration and Department of Commerce economic development programs; regulations
Publication Title | United States Code, 2012 Edition, Title 42 - THE PUBLIC HEALTH AND WELFARE |
Category | Bills and Statutes |
Collection | United States Code |
SuDoc Class Number | Y 1.2/5: |
Contained Within | Title 42 - THE PUBLIC HEALTH AND WELFARE CHAPTER 105 - COMMUNITY SERVICES PROGRAMS SUBCHAPTER I - COMMUNITY ECONOMIC DEVELOPMENT Part D - Supportive Programs and Activities Sec. 9815 - Small Business Administration and Department of Commerce economic development programs; regulations |
Contains | section 9815 |
Date | 2012 |
Laws in Effect as of Date | January 15, 2013 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 97-35, title VI, §626, Aug. 13, 1981, 95 Stat. 496. |
Statutes at Large References | 79 Stat. 552 95 Stat. 496 110 Stat. 3009-742 112 Stat. 3597 |
Public Law References | Public Law 89-136, Public Law 97-35, Public Law 104-208, Public Law 105-393 |
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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) 1 of title 15 shall be included as “private paid-in capital and paid-in surplus”, “combined paid-in capital and paid-in surplus”, and “paid-in capital” for purposes of sections 682, 683, and 696, respectively, of title 15.
(2) Not later than 90 days after August 13, 1981, the Administrator of the Small Business Administration, after consultation with the Secretary, shall promulgate regulations to ensure the availability to community development corporations of such programs as shall further the purposes of this subchapter, including programs under section 637(a) of title 15.
(b)(1) Areas selected for assistance under this subchapter shall be deemed “redevelopment areas” within the meaning of section 401 of the Publc 2 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.
(Pub. L. 97–35, title VI, §626, Aug. 13, 1981, 95 Stat. 496.)
References in TextSection 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), Sept. 30, 1996, 110 Stat. 3009–742.
The Public Works and Economic Development Act of 1965, referred to in subsec. (b)(1), is Pub. L. 89–136, Aug. 26, 1965, 79 Stat. 552, as amended. Titles I to VI of the Act of 1965 were repealed and new titles I to VI were enacted by Pub. L. 105–393, title I, §102(a), Nov. 13, 1998, 112 Stat. 3597. As so enacted, section 401 of the Act no longer defines “redevelopment areas” and section 202 of the Act no longer contains a subsec. (b). For complete classification of this Act to the Code, see Short Title note set out under section 3121 of this title and Tables.
1 See References in Text note below.
2 So in original. Probably should be “Public”.
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