Page:United States Statutes at Large Volume 106 Part 5.djvu/211

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PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 3849 (1) by striking "October 1, 1992" and inserting "October 1, 1994"; (2) by striking "October 1, 1993" and inserting "October 1, 1995"; and (3) by striking "(ISr, "(19)", and '•(20r and inserting "(23)", "(24)", and "(25)", respectively. (C) MICROENTERPRISE AND SMALL BUSINESS DEVELOPMENT INITIATIVE.— (1) IN GENERAL. —Section 105 of the Housing and Community Development Act of 1974 (42 U.S.C. 5305), as amended by section 806, is further amended by adding at the end the following new subsection: " (g) MiCROENTERPRISE AND SMALL BUSINESS PROGRAM REQUIREMENTS.—In developing program requirements and providing assistance pursuant to paragraph (17) of subsection (a) to a microenterprise or small business, the Secretary shall— "(1) take into account the special needs and limitations arising from the size of the entity; and "(2) not consider training, technical assistance, or other support services costs provided to small businesses or microenterprises or to grantees and subgrantees to develop the capacity to pro\ide such assistance, as a planning cost pursuant to section 105(a)(12) or an administrative cost pursuant to section 105(a)(13).". (2) DEFINITIONS.— Section 102(a) of the Housing and Community Development Act of 1974 (42 U.S.C. 5302(a)) is amended by adding at the end the following new paragraphs: "(22) Ine term 'microenterprise' means a commercial enterprise that has 5 or fewer employees, 1 or more of whom owns the enterprise. "(23) The term 'small business' means a business that meets the criteria set forth in section 3(a) of the Small Business Act.". (3) SENSE OF THE CONGRESS.—I t is the sense of the Congress that each grantee under title I of the Housing and Community Development Act of 1974 should reserve 1 percent of any grant amounU the grantee receives in each fiscal year for the purpose of providing assistance under section 105(a)(23) of such Act to facilitate economic development through commerci&l ixiiciroGiiGirDrisGS (4) REPORT.— Not later than 18 months after the date of 42 USC 5305 enactment of this Act, the Secretary shall submit to the Con- "^^- gress a report on the effectiveness of assistance provided through title I of the Housing and Community Development Act of 1974 in promoting development of microenterprises, including a review of any statutory or regulatory provision that impedes the development of microenterprises. (d) LOANS OF CDBG FUNDS. —Section 105(a)(14) of the Housing and Community Development Act of 1974 (42 U.S.C. 5305(a)(14)) is amended by inserting before "activities" the following: "provision of assistance including loans (both interim and long-term) and grants for". (e) CDBG CODE ENFORCEMENT.— Section 105(a)(3) of the Housing and Community Development Act of 1974 is amended by striking "improvements and" and inserting "or private improvements