
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: 42USC9808]

 
                 TITLE 42--THE PUBLIC HEALTH AND WELFARE
 
                CHAPTER 105--COMMUNITY SERVICES PROGRAMS
 
              SUBCHAPTER I--COMMUNITY ECONOMIC DEVELOPMENT
 
             Part A--Urban and Rural Special Impact Programs
 
Sec. 9808. Federal share; amount; availability; ownership of 
        property acquired with Federal financial assistance
        
    (a)(1) Assistance provided under this subchapter to any program 
described in section 9807(a) of this title shall not exceed 90 percent 
of the cost of such program, including costs of administration, unless 
the Secretary determines that the assistance in excess of such 
percentage is required in furtherance of the purposes of this 
subchapter. Non-Federal contributions may be in cash or in kind, fairly 
evaluated, including but not limited to plant, equipment, and services.
    (2) The assistance referred to in paragraph (1) shall be made 
available (A) for deposit to the order of grantees which have 
demonstrated successful program performance, under conditions which the 
Secretary deems appropriate, within 30 days following approval of the 
grant agreement by the Secretary and such grantee; or (B) whenever the 
Secretary deems appropriate, in accordance with applicable rules and 
regulations prescribed by the Secretary of the Treasury, and including 
any other conditions which the Secretary of Health and Human Services 
deems appropriate, within 30 days following approval of the grant 
agreement by the Secretary and such grantee.
    (b) Property acquired as a result of capital investments made by any 
community development corporation with funds granted as its Federal 
share of the cost of programs carried out under this subchapter, and the 
proceeds from such property, shall become the property of the community 
development corporation and shall not be considered to be Federal 
property. The Federal Government retains the right to direct that on 
severance of the grant relationship the assets purchased with grant 
funds shall continue to be used for the original purpose for which they 
were granted.

(Pub. L. 97-35, title VI, Sec. 619, Aug. 13, 1981, 95 Stat. 493.)
