[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: 13CFR308.3]

[Page 634]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 308_PERFORMANCE INCENTIVES--Table of Contents
 
Sec.  308.3  Planning performance awards.

    (a) At the discretion of the Assistant Secretary, a Recipient of 
Investment Assistance awarded on or after the date of enactment of 
section 216 of PWEDA located in an EDA-funded Economic Development 
District may receive a planning performance award in an amount not to 
exceed five (5) percent of the amount of the applicable Investment award 
if EDA determines no later than three (3) years following closeout of 
the Project that:
    (1) The Recipient, through the Project, actively participated in the 
economic development activities of the District;
    (2) The Project demonstrated exceptional fulfillment of one (1) or 
more components of, and is otherwise in accordance with, the applicable 
CEDS, including any job creation or job retention requirements; and
    (3) The Recipient demonstrated exceptional collaboration with 
Federal, State and local economic development entities throughout the 
development of the Project.
    (b) The Recipient shall use the planning performance award to 
increase, up to one hundred (100) percent, the Federal share of the cost 
of a Project under this chapter.
    (c) The applicable FFO may set forth additional requirements, 
qualifications and guidelines for planning performance awards.