42-U.S.C.-13826
§13826 – Program Priority For Special Emphasis Programs
Pathway
Title 42 > Chapter 136 > Subchapter II > Part G > Subpart 1 > Section 13826
Details
- Reference: Section 13826
- Legend: §13826 – Program Priority For Special Emphasis Programs
- USCode Year: 2011
Provision Content
(a) In general
The Secretary shall give priority in providing lines of credit under this subpart to community development corporations that propose to undertake economic development activities in distressed communities that target women, Native Americans, at risk youth, farmworkers, population-losing communities, very low-income communities, single mothers, veterans, and refugees; or that expand employee ownership of private enterprises and small businesses, and to programs providing loans of not more than $35,000 to very small business enterprises.
(b) Reservation of funds
Not less than 5 percent of the amounts made available under section 13822(a)(2)(A) of this title may be reserved to carry out the activities described in subsection (a) of this section.
(Pub. L. 103–322, title III, §31116, Sept. 13, 1994, 108 Stat. 1885.)
U.S. Encyclopedia of Law Coverage
42-U.S.C.-13824 in the Legal Encyclopedia: Crime Control
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