42 U.S. Code § 13826 - Program priority for special emphasis programs

§ 13826.
Program priority for special emphasis programs
(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) [1] of this title may be reserved to carry out the activities described in subsection (a).

(Pub. L. 103–322, title III, § 31116, Sept. 13, 1994, 108 Stat. 1885.)

[1]  So in original. Probably should be section “13852(b)(1)”.

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28 CFR - Judicial Administration



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