Page:United States Statutes at Large Volume 79.djvu/603
PUBLIC LAW 89-136-AUG. 26, 1965
herein otherwise provided, for projects in economic development centers designated under subsection (a)(2) above, if— (A) the project will further the objectives of the overall economic development program of the district in which it is to be located; (B) the project will enhance the economic growth potential of the district or result in additional long-term employment opportunities commensurate with the amount of Federal financial assistance requested; and (C) the amount of Federal financial assistance requested is reasonably related to the size, population, and economic needs of the district; (4) subject to the 20 per centum non-Federal share required for any project by-subsection 101(c) of this Act, to increase the amount of grant assistance authorized by section 101 for projects within redevelopment areas (designated under section 401), by an amount not to exceed 10 per centum of the aggregate cost of any such project, in accordance with such regulations as he shall jirescribe if— (A) the redevelopment area is situated within a designated economic development district and is actively participating in the economic development activities of the district; and (B) the project is consistent with an approved district overall economic development program. (b) In designating economic development districts and approving district overall economic development programs under subsection (a) of this section, the Secretary is authorized, under regulations prescribed by him— (1) to invite the several States to draw up proposed district boundaries and to identify potential economic development centers; (2) to cooi^erate with the several States— (A) in sponsoring and assisting district economic planning and development groups, and (B) in assisting such district groups to formulate district overall economic development programs; (8) to encourage participation by appropriate local governmental authorities in such economic develo]:)ment districts. (c) The Secretary shall by regulation prescribe standards for the termination or modification of economic development districts and economic development centers designated under the authority of this section. (d) As used in this Act, the term "economic development district" refers to any area within the United States composed of cooperating redevelopment areas and, where appropriate, designated economic development centers and neighboring counties or communities, which has been designated by the Secretary as an economic development district. (e) As used in this Act, the term "economic development center" refers to any area within the United States which has been identified as an economic development center in an approved district overall economic development program and which has been designated by the Secretary as eligible for financial assistance under sections 101, 201, and 202 of this Act in accordance with the provisions of this section. (f) For the purpose of this Act the term "local government" means any city, county, town, parish, village, or other general-purpose political subdivision of a State. (g) There is hereby authorized to be appropriated not to exceed $50,000,000 for the fiscal year ending June 30, 1967, and for each fiscal
" E c o n o m i c development district,»»
" E c o n o m i c development center.'*
" L o c a l government." Appropriation.