
From the U.S. Code Online via GPO Access
[wais.access.gpo.gov]
[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC13825]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
         CHAPTER 136--VIOLENT CRIME CONTROL AND LAW ENFORCEMENT
 
                     SUBCHAPTER II--CRIME PREVENTION
 
             Part G--National Community Economic Partnership
 
       subpart 1--community economic partnership investment funds
 
Sec. 13825. Limitations on use of funds


(a) Matching requirement

    Not to exceed 50 percent of the total amount to be invested by an 
entity under this subpart may be derived from funds made available from 
a line of credit under this subpart.

(b) Technical assistance and administration

    Not to exceed 10 percent of the amounts available from a line of 
credit under this subpart shall be used for the provision of training or 
technical assistance and for the planning, development, and management 
of economic development projects. Community development corporations 
shall be encouraged by the Secretary to seek technical assistance from 
other community development corporations, with expertise in the 
planning, development and management of economic development projects. 
The Secretary shall assist in the identification and facilitation of 
such technical assistance.

(c) Local and private sector contributions

    To receive funds available under a line of credit provided under 
this subpart, an entity, using procedures established by the Secretary, 
shall demonstrate to the community development corporation that such 
entity agrees to provide local and private sector contributions in 
accordance with section 13822(b)(2)(D) of this title, will participate 
with such community development corporation in a loan, guarantee or 
investment program for a designated business enterprise, and that the 
total financial commitment to be provided by such entity is at least 
equal to the amount to be drawn from the line of credit.

(d) Use of proceeds from investments

    Proceeds derived from investments made using funds made available 
under this subpart may be used only for the purposes described in 
section 13821 of this title and shall be reinvested in the community in 
which they were generated.

(Pub. L. 103-322, title III, Sec. 31115, Sept. 13, 1994, 108 Stat. 
1884.)

                  Section Referred to in Other Sections

    This section is referred to in section 14214 of this title.
