---
kind: "section"
citation: "7 C.F.R. § 25.401"
title: "7"
number: "25.401"
heading: "Responsibility of lead managing entity."
url: "https://uscodex.org/cfr/7/25.401"
---

# §25.401. Responsibility of lead managing entity.

- (a) **Financial.** The lead managing entity will be responsible for strategic plan program activities and monitoring the fiscal management of the funds of the Empowerment Zone or Enterprise Community.
- (b) **Reporting.** The lead managing entity will be responsible for developing the reports required under this subpart.
- (c) **Cooperation.** All entities with significant involvement in implementing the strategic plan shall cooperate with the lead managing entity in its compliance with paragraphs [(a)](#a) and [(b)](#b) of this section.

## Notes

### Authority

Authority: 5 U.S.C. 301; 26 U.S.C. 1391; Pub. L. 103-66, 107 Stat. 543; Pub L. 105-34, 111 Stat. 885; Sec. 766, Pub. L. 105-277, 112 Stat. 2681-37; Pub. L. 106-554 [Title I of H.R. 5562], 114 Stat. 2763.

### Source

Source: 63 FR 19114, Apr. 16, 1998, unless otherwise noted.