2021 US Code
Title 40 - Public Buildings, Property, and Works
Subtitle V - Regional Economic and Infrastructure Development
Chapter 155 - Financial Assistance
Sec. 15505 - Local development districts and organizations
| 40 U.S.C. § 15505 (2021) |
| §15505. Local development districts and organizations |
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(a) Grants to Local Development Districts.—Subject to the requirements of this section, a Commission may make grants to a local development district to assist in the payment of development planning and administrative expenses. (b) Conditions for Grants.— (1) Maximum amount.—The amount of a grant awarded under this section may not exceed 80 percent of the administrative and planning expenses of the local development district receiving the grant. (2) Maximum period for state agencies.—In the case of a State agency certified as a local development district, a grant may not be awarded to the agency under this section for more than 3 fiscal years. (3) Local share.—The contributions of a local development district for administrative expenses may be in cash or in kind, fairly evaluated, including space, equipment, and services. (c) Duties of Local Development Districts.—A local development district shall— (1) operate as a lead organization serving multicounty areas in the region at the local level; (2) assist the Commission in carrying out outreach activities for local governments, community development groups, the business community, and the public; (3) serve as a liaison between State and local governments, nonprofit organizations (including community-based groups and educational institutions), the business community, and citizens; and (4) assist the individuals and entities described in paragraph (3) in identifying, assessing, and facilitating projects and programs to promote the economic development of the region. |
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(Added Pub. L. 110–234, title XIV, §14217(a)(2), May 22, 2008, 122 Stat. 1477, and Pub. L. 110–246, §4(a), title XIV, §14217(a)(2), June 18, 2008, 122 Stat. 1664, 2239.) |
| EDITORIAL NOTES
CODIFICATION
Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246. STATUTORY NOTES AND RELATED SUBSIDIARIES EFFECTIVE DATE Section effective on the first day of the first fiscal year beginning after June 18, 2008, see section 14217(d) of Pub. L. 110–246, set out as a note under section 15101 of this title. |
| United States Code, 2018 Edition, Supplement 3, Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 40 - PUBLIC BUILDINGS, PROPERTY, AND WORKS SUBTITLE V - REGIONAL ECONOMIC AND INFRASTRUCTURE DEVELOPMENT CHAPTER 155 - FINANCIAL ASSISTANCE Sec. 15505 - Local development districts and organizations |
| section 15505 |
| 2021 |
| January 3, 2022 |
| Yes |
| standard |
| 122 Stat. 1477, 1664 |
| Public Law 110-234, Public Law 110-246 |
