42 U.S.C. § 9813 — Model Community Economic Development Finance Corporation; establishment; functions

FEDERAL · 42 U.S.C. · Chapter 105

Model Community Economic Development Finance Corporation; establishment; functions

Current through Pub. L. 119-102

Title 42 — The Public Health and Welfare·Ch. 105 — COMMUNITY SERVICES PROGRAMS·Subch. I·Pt. C

To the extent he deems appropriate, the Secretary shall utilize funds available under this part to prepare a plan of action for the establishment of a Model Community Economic Development Finance Corporation to provide a user-controlled independent and professionally operated long-term financing vehicle with the principal purpose of providing financial support for community economic development corporations, cooperatives, other affiliated and supportive agencies and organizations associated with community economic development corporations, and other entities eligible for assistance under this subchapter.

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To the extent he deems appropriate, the Secretary shall utilize funds available under this part to prepare a plan of action for the establishment of a Model Community Economic Development Finance Corporation to provide a user-controlled independent and professionally operated long-term financing vehicle with the principal purpose of providing financial support for community economic development corporations, cooperatives, other affiliated and supportive agencies and organizations associated with community economic development corporations, and other entities eligible for assistance under this subchapter.

42 U.S.C. § 9813 (Model Community Economic Development Finance Corporation; establishment; functions) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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History

(Pub. L. 97–35, title VI, §624, Aug. 13, 1981, 95 Stat. 495.)