
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 42USC9804]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                CHAPTER 105--COMMUNITY SERVICES PROGRAMS
 
              SUBCHAPTER I--COMMUNITY ECONOMIC DEVELOPMENT
 
Sec. 9804. Advisory Community Investment Board


(a) National Community Investment Board; functions, composition, etc.

    (1) The President is authorized to establish a National Advisory 
Community Investment Board (hereinafter in this section referred to as 
the ``Investment Board''). Such Investment Board shall be composed of 15 
members appointed, for staggered terms and without regard to the civil 
service laws, by the President, in consultation with the Secretary of 
Health and Human Services (hereinafter in this subchapter referred to as 
the ``Secretary''). Such members shall be representative of the 
investment and business communities and appropriate fields of endeavor 
related to this subchapter. The Investment Board shall meet at the call 
of the chairperson, but not less often than 3 times each year. The 
Secretary and the administrator of community economic development 
programs shall be ex officio members of the Investment Board.
    (2) The Secretary shall carry out the provisions of this subchapter 
through an appropriate office.

(b) Function

    The Investment Board shall promote cooperation between private 
investors and businesses and community development corporation projects 
through--
        (1) advising the Secretary and the community development 
    corporations on ways to facilitate private investment;
        (2) advising businesses and other investors of opportunities in 
    community development corporation projects; and
        (3) advising the Secretary, community development corporations, 
    and private investors and businesses of ways in which they might 
    engage in mutually beneficial efforts.

(c) Local advisory community investment boards; establishment, 
        composition, etc.

    The governing body of each Community Development Corporation may 
establish an advisory community investment board composed of not to 
exceed 15 members who shall be appointed by the governing body after 
consultation with appropriate local officials. Each such board shall 
promote cooperation between private investors and businesses and the 
governing body of the Community Development Corporation through--
        (1) advising the governing body on ways to facilitate private 
    investors;
        (2) advising businesses and other investors of opportunities in 
    Community Development Corporation projects; and
        (3) advising the governing body, private investors, and 
    businesses of ways in which they might engage in mutually beneficial 
    efforts.

(Pub. L. 97-35, title VI, Sec. 615, Aug. 13, 1981, 95 Stat. 489; Pub. L. 
105-285, title II, Sec. 202(b)(2), Oct. 27, 1998, 112 Stat. 2755.)

                       References in Text

    The civil service laws, referred to in subsec. (a)(1), are set forth 
in Title 5, Government Organization and Employees. See, particularly, 
section 3301 et seq. of Title 5.


                               Amendments

    1998--Subsec. (a)(2). Pub. L. 105-285 substituted ``through an 
appropriate office'' for ``through the Office of Community Services 
established in section 9905(a) of this title''.


                     Termination of Advisory Boards

    Advisory boards established after Jan. 5, 1973, to terminate not 
later than the expiration of the 2-year period beginning on the date of 
their establishment, unless, in the case of a board established by the 
President or an officer of the Federal Government, such board is renewed 
by appropriate action prior to the expiration of such 2-year period, or 
in the case of a board established by the Congress, its duration is 
otherwise provided for by law. See sections 3(2) and 14 of Pub. L. 92-
463, Oct. 6, 1972, 86 Stat. 770, 776, set out in the Appendix to Title 
5, Government Organization and Employees.
