[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: 13CFR304.3]

[Page 616]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 304_ECONOMIC DEVELOPMENT DISTRICTS--Table of Contents
 
Sec.  304.3  District modification and termination.

    (a) Modification. Upon the request of a District Organization and 
with the concurrence of the State or States affected (unless such 
concurrence is waived by the Assistant Secretary), EDA may modify the 
geographic boundaries of a District, if it determines that such 
modification will contribute to a more effective program for economic 
development.
    (b) Termination. EDA may, upon sixty (60) days prior written notice 
to the District Organization, member counties and other areas determined 
by EDA and each affected State, terminate a Region's designation as an 
Economic Development District when:
    (1) A District or District Organization no longer meets the 
requirements of Sec. Sec.  304.1 or 304.2; or
    (2) EDA determines that the District Organization fails to execute 
its CEDS according to the development, implementation and other 
performance measures set forth therein; or
    (3) A District Organization has requested termination.
    (c) Prior to terminating a District Organization under paragraph 
(b)(2) of this section, EDA will consult with the District Organization 
and consider all facts and circumstances regarding the District 
Organization's operations. EDA will not terminate a District's 
designation based on circumstances beyond the control of the District 
Organization (e.g., natural disaster, plant closure, overall economic 
downturn, sudden and severe economic dislocation, or other situation).
    (d) EDA may further modify or terminate a Region's designation as a 
District according to the standards set forth in an FFO.