[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: 13CFR303.6]

[Page 612]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 303_PLANNING INVESTMENTS AND COMPREHENSIVE ECONOMIC DEVELOPMENT 
 
Sec.  303.6  EDA-funded CEDS process.

    If EDA awards Investment Assistance to a Planning Organization to 
develop, revise or replace a CEDS, the Planning Organization must follow 
the procedures set forth in this section:
    (a) The Planning Organization must appoint a Strategy Committee. The 
Strategy Committee must represent the main economic interests of the 
Region and must include Private Sector Representatives as a majority of 
its membership. In addition, the Planning Organization should ensure 
that the Strategy Committee includes public officials, community 
leaders, representatives of workforce development boards, institutions 
of higher education, minority and labor groups, and private individuals. 
The Strategy Committee representing Indian Tribes or States may vary.
    (b) The Planning Organization must develop and submit to EDA a CEDS 
that:
    (1) Complies with the requirements of Sec.  303.7; and
    (2) Was made available for review and comment by the public for a 
period of at least thirty (30) days prior to submission to EDA.
    (c)(1) After obtaining EDA approval of the CEDS, the Planning 
Organization must submit annually an updated CEDS performance report to 
EDA.
    (2) The Planning Organization must submit a new or revised CEDS to 
EDA at least every five (5) years, unless EDA or the Planning 
Organization determines that a new or revised CEDS is required earlier 
due to changed circumstances.
    (3) Any updated CEDS performance report that results in a change of 
the requirements set forth in Sec.  303.7(b)(3) of the EDA-accepted CEDS 
or any new or revised CEDS, must be available for review and comment by 
the public in accordance with paragraph (b)(2) of this section.
    (d) If EDA determines that implementation of the CEDS is inadequate, 
it will notify the Planning Organization in writing and the Planning 
Organization shall submit to EDA a new or revised CEDS.
    (e) If any part of a Region is covered by one or more of the 
Regional Commissions as set forth in section 404 of PWEDA, the Planning 
Organization shall ensure that a copy of the CEDS is provided to the 
Regional Commission(s).