[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2003]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR301.3]

[Page 544-545]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 301--GENERAL ELIGIBILITY AND GRANT RATE REQUIREMENTS--Table of Contents
 
Sec. 301.3  Strategy required.

    (a) To be eligible for a project grant under part 305 or 308 of this 
chapter, the application for assistance must include a CEDS acceptable 
to EDA. The applicant may, however, incorporate by reference a current 
strategy previously approved by EDA, as an alternative to including the 
strategy in the application. (Exception: A strategy is not required when 
a funding request is for planning assistance, e.g., a strategy grant, 
under part 308 of this chapter.)

[[Page 545]]

The strategy must be in conformance with CEDS requirements under 
Sec. 303.3 of this chapter.
    (b) EDA will approve as acceptable a strategy that it determines 
meets the requirements of Sec. 303.3 of this chapter. The strategy may 
be one developed:
    (1) With EDA assistance,
    (2) Under another Federally supported program, or
    (3) Through a local, regional, or State process.
    (c) In determining acceptability of a strategy, EDA will take into 
consideration the circumstances of the application, so that for instance 
a strategy accompanying an application for assistance immediately 
following a natural disaster will require less depth and detail than 
would be the case in other circumstances.
    (d) To be acceptable, a strategy must be approved, within one year 
prior to the date of application, by the entity developing the strategy 
or by the applicant. In the case of a strategy approved by the 
applicant, approval must be by the applicant's governing body, or in the 
case of a State, by the governor or the governor's designee(s).
    (e) Before EDA approves a strategy for an area all or partly within 
the boundaries of an EDD, the EDD organization must be given a 30-day 
opportunity to review and comment upon such strategy.

[64 FR 5353, Feb. 3, 1999, as amended at 64 FR 69873, Dec. 14, 1999]