Browse Arkansas Code titles and sections
42 U.S.C. § 9815 — Small Business Administration and De-
Federal law — U.S. Code and appendices · legal_authorities
Page 7830
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 9815
1 See References in Text note below.
2 So in original. Probably should be ‘‘Public’’.
1 See References in Text note below.
bers of urban and rural cooperatives shall in-
clude on-the-job training, classroom instruction,
and scholarships to assist them in development,
managerial,
entrepreneurial,
planning,
and
other technical and organizational skills which
will contribute to the effectiveness of programs
assisted under this subchapter.
(Pub. L. 97–35, title VI, § 625, Aug. 13, 1981, 95
Stat. 496.)
§ 9815. Small Business Administration and De-
partment of Commerce economic develop-
ment programs; regulations
(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 com-
pany 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 pur-
poses 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 Admin-
istration, after consultation with the Secretary,
shall promulgate regulations to ensure the
availability to community development cor-
porations 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 pro-
visions
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 9815
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Page 7830
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 9815
1 See References in Text note below.
2 So in original. Probably should be ‘‘Public’’.
1 See References in Text note below.
bers of urban and rural cooperatives shall in-
clude on-the-job training, classroom instruction,
and scholarships to assist them in development,
managerial,
entrepreneurial,
planning,
and
other technical and organizational skills which
will contribute to the effectiveness of programs
assisted under this subchapter.
(Pub. L. 97–35, title VI, § 625, Aug. 13, 1981, 95
Stat. 496.)
§ 9815. Small Business Administration and De-
partment of Commerce economic develop-
ment programs; regulations
(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 com-
pany 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 pur-
poses 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 Admin-
istration, after consultation with the Secretary,
shall promulgate regulations to ensure the
availability to community development cor-
porations 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 pro-
visions of title I and title II of such Act, and
shall be deemed to have met the overall eco-
nomic 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 regu-
lations which will ensure that community devel-
opment corporations and cooperatives shall
qualify for assistance and shall be eligible to re-
ceive 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.)
Editorial Notes
REFERENCES IN TEXT
Section 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. 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 de-
fines ‘‘redevelopment areas’’ and section 202 of the Act
no longer contains a subsec. (b). For complete classi-
fication of this Act to the Code, see Short Title note
set out under section 3121 of this title and Tables.
§ 9816. Department of Housing and Urban Devel-
opment programs
The Secretary of Housing and Urban Develop-
ment, after consultation with the Secretary,
shall take all necessary steps to assist commu-
nity development corporations and local cooper-
ative associations to qualify for and receive (1)
such assistance in connection with technical as-
sistance, counseling to tenants and homeowners,
and loans to sponsors of low-income and mod-
erate-income housing under section 106 of the
Housing and Urban Development Act of 1968 [12
U.S.C. 1701x], as amended by section 811 of the
Housing and Community Development Act of
1974; (2) such land for housing and business loca-
tion and expansion under title I of the Housing
and Community Development Act of 1974 [42
U.S.C. 5301 et seq.]; and (3) such funds for com-
prehensive planning under section 701 of the
Housing Act of 1954,1 as amended by section 401
of the Housing and Community Development
Act of 1974, as shall further the purposes of this
subchapter.
(Pub. L. 97–35, title VI, § 627, Aug. 13, 1981, 95
Stat. 497.)
Editorial Notes
REFERENCES IN TEXT
Section 811 of the Housing and Community Develop-
ment Act of 1974, referred to in text, is section 811 of
Pub. L. 93–383, title VIII, Aug. 22, 1974, 88 Stat. 735,
which amended section 1701x of Title 12, Banks and
Banking.
The Housing and Community Development Act of
1974, referred to in text, is Pub. L. 93–383, Aug. 22, 1974,
88 Stat. 633. Title I of the Housing and Community De-
velopment Act of 1974 is classified principally to chap-
ter 69 (§ 5301 et seq.) of this title. For complete classi-
fication of this Act to the Code, see Short Title note
set out under section 5301 of this title and Tables.
Section 701 of the Housing Act of 1954, referred to in
text, is section 701 of act Aug. 2, 1954, ch. 649, 68 Stat.
640, which was classified to section 461 of former Title
40, Public Buildings, Property, and Works, and was re-
pealed by Pub. L. 97–35, title III, 313(b), Aug. 13, 1981, 95
Stat. 398.
Section 401 of the Housing and Community Develop-
ment Act of 1974, referred to in text, is section 401 of
Pub. L. 93–383, title IV, Aug. 22, 1974, 88 Stat. 686, sub-
secs. (a) and (b) of which amended section 461 of former
Title 40, Public Buildings, Property, and Works, prior
to its repeal by Pub. L. 97–35, and subsec. (c) of which
amended section 460 of former Title 40.
Statutory Notes and Related Subsidiaries
CAPACITY BUILDING FOR COMMUNITY DEVELOPMENT AND
AFFORDABLE HOUSING
Pub. L. 103–120, § 4, Oct. 27, 1993, 107 Stat. 1148, as
amended by Pub. L. 105–18, title II, § 10004, June 12, 1997,
111 Stat. 201, provided that:
‘‘(a) IN GENERAL.—The Secretary is authorized to pro-
vide assistance through the National Community De-
velopment Initiative, Local Initiatives Support Cor-
poration, The Enterprise Foundation, Habitat for Hu-
manity, and Youthbuild USA to develop the capacity
and ability of community development corporations
and community housing development organizations to
undertake community development and affordable
housing projects and programs.
‘‘(b) FORM OF ASSISTANCE.—Assistance under this sec-
tion may be used for—
Cross-references
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Federal law — U.S. Code and appendices · legal_authorities
On and after December 19, 1963, necessary expenses of inspections and of providing representatives at the site of projects being planned or undertaken by local public agencies pursuant to title I of the Housing Act of 1949, as amended [[42 U.S.C. 1450](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1450&num=0&edition=prelim) et seq.], projects financed through loans to educational institutions authorized by title IV of the Housing Act of 1950, as amended [[12 U.S.C. 1749](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title12-section1749&num=0&edition=prelim) et seq.], projects and facilities financed by loans to public agencies pursuant to title II of the Housing Amendments of 1955, as amended [[42 U.S.C. 1491](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title42-section1491&num=0&edition=prelim) et seq.], urban planning financed through grants to State and local government agencies pursuant to chapter 35 of title 40, and reserves of planned public works financed through advances to municipalities and other public agencies pursuant to chapter 35 of title 40, as amended, shall be compensated by such agencies or institutions by the payment of fixed fees which in the aggregate will cover the costs of rendering such services, and expenses for such purpose shall be considered nonadministrative; and for the purpose of providing such inspections, the Secretary of Housing and Urban Development may utilize any agency and such agency may accept reimbursement or payment for such services from such institutions, or the Secretary, and shall credit such amounts to the appropriations or funds against which such charges have been made.
Source: Supplied U.S. Code snapshot — release unconfirmed · 12 U.S.C. § 1701x
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Federal law — U.S. Code and appendices · legal_authorities
Page 475
TITLE 12—BANKS AND BANKING
§ 1701x
housing more attractive, but to make it better
suited to the needs of occupants.
The Congress declares that in the administra-
tion of housing programs which assist in the
provision of housing for low and moderate in-
come families, emphasis should be given to en-
couraging good design as an essential compo-
nent of such housing and to developing housing
which will be of such quality as to reflect its im-
portant relationship to the architectural stand-
ards of the neighborhood and community in
which it is situated, consistent with prudent
budgeting.
(Pub. L. 90–448, § 4, Aug. 1, 1968, 82 Stat. 477.)
Editorial Notes
CODIFICATION
Section was enacted as part of the Housing and Urban
Development Act of 1968, and not as part of the Na-
tional Housing Act which comprises this chapter.
§ 1701w. Budget, debt management, and related
counseling services for mortgagors; author-
ization of appropriations
The Secretary of Housing and Urban Develop-
ment is authorized to provide, or contract with
public or private organizations to provide, such
budget, debt management, and related coun-
seling services to mortgagors whose mortgages
are insured under section 1715z(i) or (j)(4) of this
title as he determines to be necessary to assist
such mortgagors in meeting the responsibilities
of homeownership. There are authorized to be
appropriated such sums as may be necessary to
carry out the provisions of this section.
(Pub. L. 90–448, title I, § 101(e), Aug. 1, 1968, 82
Stat. 484.)
Editorial Notes
CODIFICATION
Section was enacted as part of the Housing and Urban
Development Act of 1968, and not as part of the Na-
tional Housing Act which comprises this chapter.
§ 1701x. Assistance with respect to housing for
low- and mo
Source: Supplied 2024 U.S. Code historical extraction · 12 U.S.C. § 1701x
Stored review status: historical_2024_not_currentness_verified. The source passage cites 12 U.S.C. § 1701x. This identifies an authority to review, not proof of applicability.
Federal law — U.S. Code and appendices · legal_authorities
**(a) Critical social, economic, and environmental problems facing Nation’s urban communities** The Congress finds and declares that the Nation’s cities, towns, and smaller urban communities face critical social, economic, and environmental problems arising in significant measure from—
(1) the growth of population in metropolitan and other urban areas, and the concentration of persons of lower income in central cities;
(2) inadequate public and private investment and reinvestment in housing and other physical facilities, and related public and social services, resulting in the growth and persistence of urban slums and blight and the marked deterioration of the quality of the urban environment; and
(3) increasing energy costs which have seriously undermined the quality and overall effectiveness of local community and housing development activities.
**(b) Establishment and maintenance of viable urban communities; systematic and sustained action by Federal, State, and local governments; expansion of and continuity in Federal assistance; increased private investment; streamlining programs and improvement of functioning of agencies; action to address consequences of scarce fuel supplies** The Congress further finds and declares that the future welfare of the Nation and the well-being of its citizens depend on the establishment and maintenance of viable urban communities as social, economic, and political entities, and require—
(1) systematic and sustained action by Federal, State, and local governments to eliminate blight, to conserve and renew older urban areas, to improve the living environment of low- and moderate-income families, and to develop new centers of population growth and economic activity;
(2) substantial expansion of and greater continuity in the scope a
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 5301
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Federal law — U.S. Code and appendices · legal_authorities
Page 6475
TITLE 42—THE PUBLIC HEALTH AND WELFARE
§ 5301
CHAPTER 69—COMMUNITY DEVELOPMENT
Sec.
5301.
Congressional findings and declaration of pur-
pose.
5302.
General provisions.
5303.
Grants to States, units of general local gov-
ernment and Indian tribes; authorizations.
5304.
Statement of activities and review.
5305.
Activities eligible for assistance.
5306.
Allocation and distribution of funds.
5307.
Special purpose grants.
5308.
Guarantee and commitment to guarantee
loans for acquisition of property.
5309.
Nondiscrimination in programs and activi-
ties.
5310.
Labor standards; rate of wages; exceptions;
enforcement powers.
5311.
Remedies for noncompliance with community
development requirements.
5312.
Use of grants for settlement of outstanding
urban renewal loans of units of general
local government.
5313.
Reporting requirements.
5313a.
Duplication of benefits.
5314.
Consultation by Secretary with other Federal
departments, etc.
5315.
Interstate agreements or compacts; purposes.
5316.
Transition provisions.
5317.
Liquidation of superseded or inactive pro-
grams.
5318.
Urban development action grants.
5318a.
John Heinz Neighborhood Development Pro-
gram.
5319.
Community participation in programs.
5320.
Historic preservation requirements.
5321.
Suspension
of
requirements
for
disaster
areas.
5322.
Funds made available for administrative
costs without regard to particular disaster
appropriation.
§ 5301. Congressional findings and declaration of
purpose
(a) Critical social, economic, and environmental
problems facing Nation’s urban communities
The Congress finds and declares that the Na-
tion’s cities, towns, and smaller urban commu-
nities face critical social, economic, and envi-
ronmental problems ari
Source: Supplied 2024 U.S. Code historical extraction · 42 U.S.C. § 5301
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Federal law — U.S. Code and appendices · legal_authorities
**(a) Authorities, scope, and purposes; conditions; interest rate; repayment** The Secretary is authorized to make or guarantee loans (either directly or in cooperation with banks or other organizations through agreements to participate on an immediate or deferred basis) to community development corporations, to families and local cooperatives and the designated supportive organizations of cooperatives eligible for financial assistance under this subchapter, to private nonprofit organizations receiving assistance under chapter 106 of this title, or to public and private nonprofit organizations or agencies, for business facilities and community development projects, including community development credit unions, which the Secretary determines will carry out the purposes of this part. No loans, guarantees, or other financial assistance shall be provided under this section unless the Secretary determines that—
(1) there is reasonable assurance of repayment of the loan;
(2) the loan is not otherwise available on reasonable terms from private sources or other Federal, State, or local programs; and
(3) the amount of the loan, together with other funds available, is adequate to assure completion of the project or achievement of the purposes for which the loan is made.
Loans made by the Secretary pursuant to this section shall bear interest at a rate not less than a rate determined by the Secretary of the Treasury taking into consideration the average market yield on outstanding Treasury obligations of comparable maturity, plus such additional charge, if any, toward covering other costs of the program as the Secretary of Health and Human Services may determine to be consistent with its purposes, except that, for the 5 years following the date in which funds are initially ava
Source: Supplied U.S. Code snapshot — release unconfirmed · 42 U.S.C. § 9815
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