[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: 13CFR305.2]

[Page 552]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 305--GRANTS FOR PUBLIC WORKS AND DEVELOPMENT FACILITIES--Table of Contents
 
                           Subpart A--General
 
Sec. 305.2  Criteria.

    (a) A grant may be made under part 305 for the following purposes:
    (1) For the acquisition or development of land and improvements for 
use for a public works, public service or other type of development 
facility; or
    (2) For the acquisition, design and engineering, construction, 
rehabilitation, alteration, expansion, or improvement of such a 
facility, including related machinery and equipment.
    (b) A grant may be made under part 305 only when:
    (1) The project for which the grant is applied for will, directly or 
indirectly--
    (i) Improve the opportunities, in the area where the project is or 
will be located, for the successful establishment or expansion of 
industrial or commercial plants or facilities;
    (ii) Assist in the creation of additional long-term employment 
opportunities in the area; or
    (iii) Primarily benefit the long-term unemployed and members of low-
income families;
    (2) The project for which the grant is applied for will fulfill a 
pressing need of the area, or a part of the area, in which the project 
is or will be located; and
    (3) The area for which the project is to be carried out has a 
strategy and the project is consistent with the strategy.
    (c) Maximum assistance for each State. Not more than 15 percent of 
the annual appropriations available to carry out this part may be 
expended in any one State.

[64 FR 5358, Feb. 3, 1999, as amended at 64 FR 69875, Dec. 14, 1999]