13 C.F.R. PART 309—REDISTRIBUTIONS OF INVESTMENT ASSISTANCE
Title 13 - Business Credit and Assistance
Authority: 42 U.S.C. 3154c; 42 U.S.C 3211; Department of Commerce Delegation Order 10–4.
Source: 70 FR 47019, Aug. 11, 2005, unless otherwise noted.
(a) General. Except as provided by 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. (a) A Recipient of Investment Assistance under part 307 of this chapter may directly expend such Investment Assistance or, with prior EDA approval, may redistribute such Investment Assistance in the form of: (1) A subgrant to another Eligible Recipient that qualifies for Investment Assistance under part 307 of this chapter; or (2) Pursuant to part 307, subpart B, a loan or other appropriate assistance to non-profit and private for-profit entities. (b) All redistributions of Investment Assistance 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.
Title 13: Business Credit and Assistance
PART 309—REDISTRIBUTIONS OF INVESTMENT ASSISTANCE
Section Contents
§ 309.1 Redistributions under parts 303, 305 and 306.
§ 309.2 Redistributions under part 307.
§ 309.1 Redistributions under parts 303, 305 and 306.
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§ 309.2 Redistributions under part 307.
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