[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR301.6]

[Page 603-604]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 301_ELIGIBILITY, INVESTMENT RATE AND PROPOSAL AND APPLICATION 
 
       Subpart D_Investment Rates and Matching Share Requirements
 
Sec.  301.6  Supplementary investment assistance.

    (a) Pursuant to a request by an Eligible Applicant, EDA Investment 
Assistance may supplement grants awarded in another ``designated Federal 
grant program,'' if the Eligible Applicant qualifies for financial 
assistance under such program, but is unable to provide the required 
non-Federal share because of the Eligible Applicant's economic 
situation. For purposes of this section, a ``designated Federal grant 
program'' means any Federal grant program that:
    (1) Provides assistance in the construction or equipping of public 
works, public service or development facilities;
    (2) Is designated by EDA as eligible for supplementary Investment 
Assistance under this section; and
    (3) Assists Projects that are otherwise eligible for Investment 
Assistance and consistent with the Eligible Applicant's CEDS.
    (b) For Projects located in Regions meeting the criteria of Sec.  
301.3(a), the EDA Investment Assistance, combined with funds from a 
designated Federal grant program, may be at the maximum allowable 
Investment Rate, even

[[Page 604]]

if the designated Federal grant program has a lower grant rate. If the 
designated Federal grant program has a grant rate higher than the 
maximum EDA Investment Rate, the combination of EDA Investment and other 
Federal funds may exceed the EDA Investment Rate; provided, the EDA 
share of total funding does not exceed the maximum allowable Investment 
Rate.