[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: 13CFR309.1]

[Page 634]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 309_REDISTRIBUTIONS OF INVESTMENT ASSISTANCE--Table of Contents
 
Sec.  309.1  Redistributions under parts 303, 305 and 306.

    (a) General. Except as provided in paragraph (b) of this section, a 
Recipient of Investment Assistance under parts 303, 305 or 306 of this 
chapter may directly expend such Investment Assistance or, with prior 
EDA approval, may redistribute such Investment Assistance in the form of 
a subgrant to another Eligible Recipient that qualifies for Investment 
Assistance under the same part of this chapter as the Recipient, to fund 
required components of the scope of work approved for the Project. All 
subgrants made pursuant to this section shall be subject to the same 
terms and conditions applicable to the Recipient under the original 
Investment Assistance award and must satisfy the requirements of PWEDA 
and of this chapter.
    (b) Exception. A Recipient may not make a subgrant of Investment 
Assistance received under parts 303 or 305 of this chapter to a for-
profit entity.