42 U.S. Code § 3150 - Changed project circumstances

In any case in which a grant (including a supplementary grant described in section 3145 of this title) has been made by the Secretary under this subchapter (or made under this chapter, as in effect on the day before the effective date of the Economic Development Administration Reform Act of 1998) for a project, and, after the grant has been made but before completion of the project, the purpose or scope of the project that was the basis of the grant is modified, the Secretary may approve, subject (except for a grant for which funds were obligated in fiscal year 1995) to the availability of appropriations, the use of grant funds for the modified project if the Secretary determines that—
(1) the modified project meets the requirements of this subchapter and is consistent with the comprehensive economic development strategy submitted as part of the application for the grant; and
(2) the modifications are necessary to enhance economic development in the area for which the project is being carried out.

Source

(Pub. L. 89–136, title II, § 210, as added Pub. L. 105–393, title I, § 102(a),Nov. 13, 1998, 112 Stat. 3606.)
References in Text

For the effective date of the Economic Development Administration Reform Act of 1998, referred to in text, see section 105 ofPub. L. 105–393, set out as an Effective Date note under section 3121 of this title.

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13 CFR - Business Credit and Assistance

13 CFR Part 302 - GENERAL TERMS AND CONDITIONS FOR INVESTMENT ASSISTANCE

 

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