[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: 13CFR307.4]

[Page 623]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 307_ECONOMIC ADJUSTMENT ASSISTANCE INVESTMENTS--Table of Contents
 
                            Subpart A_General
 
Sec.  307.4  Award requirements.

    (a) General. EDA will select Economic Adjustment Assistance Projects 
in accordance with part 301 of this chapter and the additional criteria 
provided in paragraphs (b) and (c) of this section, as applicable.
    (b) Strategy Grants. EDA will review Strategy Grant proposals to 
ensure that the proposed activities conform to the CEDS requirements set 
forth in Sec.  303.7 of this chapter.
    (c) Implementation Grants.
    (1) EDA will review Implementation Grant proposals for the extent to 
which:
    (i) The applicable CEDS meets the requirements in Sec.  303.7 of 
this chapter; and
    (ii) The proposed Project is identified as a necessary element of or 
consistent with the applicable CEDS.
    (2) Revolving Loan Fund Grants. For Eligible Applicants seeking to 
capitalize or recapitalize an RLF, EDA will review the proposals for:
    (i) The need for a new or expanded public financing tool to enhance 
other business assistance programs and services targeting economic 
sectors and locations described in the CEDS;
    (ii) The types of financing activities anticipated; and
    (iii) The capacity of the RLF organization to manage lending 
activities, create networks between the business community and other 
financial providers, and implement the CEDS.
    (d) Funding priority considerations for Economic Adjustment 
Assistance may be set forth in an FFO.