§570.450. Purpose.
24 C.F.R. § 570.450
The purpose of urban development action grants is to assist cities and urban counties that are experiencing severe economic distress to help stimulate economic development activity needed to aid in economic recovery. This subpart G contains those regulations that are essential for the continued operation of this grant program.
Notes, amendments, and revision history
Amendments
[61 FR 11476, Mar. 20, 1996]
Source
Source: 47 FR 7983, Feb. 23, 1982, unless otherwise noted.
Authority
Authority: 12 U.S.C. 1701x, 1701 x-1; 42 U.S.C. 3535(d) and 5301-5320.
Source
Source: 40 FR 24693, June 9, 1975, unless otherwise noted.
Amendments
[61 FR 11476, Mar. 20, 1996]