[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR597.402]

[Page 304]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 597_URBAN EMPOWERMENT ZONES AND ENTERPRISE COMMUNITIES: ROUND 
ONE DESIGNATIONS--Table of Contents
 
                 Subpart E_Post-Designation Requirements
 
Sec. 597.402  Validation of designation.

    (a) Reevaluation of designations. On the basis of the performance 
reviews described in Sec. 597.401, and subject to the provisions 
relating to the revocation of designation appearing at Sec. 597.403, 
HUD will make findings on the continuing eligibility for and the 
validity of the designation of any Empowerment Zone or Enterprise 
Community. Determinations of whether any designated Empowerment Zone or 
Enterprise Community remains in good standing shall be promptly 
communicated to all Federal agencies providing assistance or 
administering programs under which assistance can be made available in 
such Zone or Community.
    (b) Modification of designation. Based on an urban area's success in 
carrying out its strategic plan, and subject to the provisions relating 
to revocation of designation appearing at Sec. 597.403 and the 
requirements as to the number, maximum population and other 
characteristics of urban Empowerment Zones set forth in Sec. 597.3, the 
Secretary may modify designations by reclassifying urban Empowerment 
Zones as Enterprise Communities or Enterprise Communities as Empowerment 
Zones.