§3149. Grants for economic adjustment — Inbound Citations
42 U.S.C. § 3149
Cited by 18 provisions in release 119-102.
Citations to 42 U.S.C. § 3149 as a whole
-
(a) In the case of a grant to a recipient for a construction project under section 3141 or 3149 of this title, if the Secretary determines, before closeout of the project, that the cost of the project, based on the designs and specifications that were the basis of the grant, has decreased because of decreases in costs, the Secretary may approve, without further appropriation, the use of the excess funds (or a portion of the excess funds) by the recipient—(1) to increase the Federal share of the cost of a project under this title to the maximum percentage allowable under section 3144 of this title; or(2) to improve the project.
-
(c) Subject to subsection (d), a recipient of a grant under section 3149 of this title may directly expend the grant funds or may redistribute the funds to public and private entities in the form of a grant, loan, loan guarantee, payment to reduce interest on a loan guarantee, or other appropriate assistance.
-
(a) For a project to be eligible for assistance under section 3141 or 3149 of this title, the project shall be located in an area that, on the date of submission of the application, meets 1 or more of the following criteria:(1) The area has a per capita income of 80 percent or less of the national average.(2) The area has an unemployment rate that is, for the most recent 24-month period for which data are available, at least 1 percent greater than the national average unemployment rate.(3) The area is an area that the Secretary determines has experienced or is about to experience a special need arising from actual or threatened severe unemployment, underemployment, or economic adjustment problems resulting from severe short-term or long-term changes in economic conditions.(4) The area has a median household income of 80 percent or less of the national average.(5) The area has—(A) a labor force participation rate of 90 percent or less of the national average; or(B) a prime-age employment gap of 5 percent or more.(6) The area is an area that is expected to experience actual or threatened severe unemployment or economic adjustment problems resulting from severe short-term or long-term changes in economic conditions from energy industries that are experiencing accelerated contraction.
-
(b) An area that meets 1 or more of the criteria of subsection (a), including a small area of poverty or high unemployment within a larger community in less economic distress, shall be eligible for assistance under section 3141 or 3149 of this title without regard to political or other subdivisions or boundaries.
-
(a) The Secretary may provide assistance under section 3141 or 3149 of this title (except for planning assistance under section 3149 of this title) to an eligible recipient for a project only if the eligible recipient submits to the Secretary, as part of an application for the assistance—(1) an identification of the economic development problems to be addressed using the assistance;(2) an identification of the past, present, and projected future economic development investments in the area receiving the assistance and public and private participants and sources of funding for the investments; and(A) a comprehensive economic development strategy for addressing the economic problems identified under paragraph (1) in a manner that promotes economic development and opportunity, fosters effective transportation access, maximizes effective development and use of the workforce consistent with any applicable State or local workforce investment strategy, promotes the use of technology in economic development (including access to high-speed telecommunications), enhances and protects the environment, including to mitigate and adapt to the economic impacts of extreme weather, and balances resources through sound management of development; and(B) a description of how the strategy will solve the problems.
-
(1) to direct and implement the post-disaster economic recovery responsibilities of the Economic Development Administration pursuant to subsections (c)(2) and (e) of section 3149 of this title and section 3233 of this title;
-
(d) There are authorized to be appropriated to carry out section 3149 of this title (other than subsections (d) and (e)), to remain available until expended—(1) $65,000,000 for fiscal year 2025;(2) $75,000,000 for fiscal year 2026;(3) $85,000,000 for fiscal year 2027;(4) $95,000,000 for fiscal year 2028; and(5) $105,000,000 for fiscal year 2029.
Citations to §3149(c)(1)
-
(a) In addition to amounts made available under section 3231 of this title, there are authorized to be appropriated such sums as are necessary to carry out section 3149(c)(1) of this title, to remain available until expended.
Citations to §3149(c)(2)
-
(d) This section shall not apply to grants awarded under section 3147 of this title or grants awarded under section 3149(c)(2) of this title for areas to which more than one comprehensive economic development strategy may apply.
-
(a) In addition to amounts made available under section 3231 of this title, there are authorized to be appropriated such sums as are necessary to carry out section 3149(c)(2) of this title, to remain available until expended.
-
(1) An applicant for assistance under section 5172 of this title (relating to repair, restoration, and replacement of damaged facilities), section 5189 of this title (relating to simplified procedure) or section 3149(c)(2) of this title shall comply with regulations prescribed by the President to assure that, with respect to any property to be replaced, restored, repaired, or constructed with such assistance, such types and extent of insurance will be obtained and maintained as may be reasonably available, adequate, and necessary, to protect against future loss to such property.
-
(b) No applicant for assistance under section 5172 of this title (relating to repair, restoration, and replacement of damaged facilities), section 5189 of this title (relating to simplified procedure), or section 3149(c)(2) of this title may receive such assistance for any property or part thereof for which the applicant has previously received assistance under this chapter unless all insurance required pursuant to this section has been obtained and maintained with respect to such property. The requirements of this subsection may not be waived under section 5141 of this title.
-
(c) A State may elect to act as a self-insurer with respect to any or all of the facilities owned by the State. Such an election, if declared in writing at the time of acceptance of assistance under section 5172 or 5189 of this title or section 3149(c)(2) of this title or subsequently and accompanied by a plan for self-insurance which is satisfactory to the President, shall be deemed compliance with subsection (a). No such self-insurer may receive assistance under section 5172 or 5189 of this title for any property or part thereof for which it has previously received assistance under this chapter, to the extent that insurance for such property or part thereof would have been reasonably available.
Citations to §3149(d)
-
(i) On written request from a recipient of a grant under section 3149(d)1 of this title, the Secretary shall release, in accordance with this subparagraph, any Federal interest in connection with the grant, if—(I) the request is made not less than 7 years after the final disbursement of the original grant;(II) the recipient has complied with the terms and conditions of the grant to the satisfaction of the Secretary;(III) any proceeds realized from the grant will be used for 1 or more activities that continue to carry out the economic development purposes of this chapter; and(IV) the recipient includes in the written request a description of how the recipient will use the proceeds of the grant in accordance with subclause (III).
-
(iii) Section 3212 of this title shall continue to apply to a project assisted with a grant under section 3149(d)1 of this title regardless of whether the Secretary releases a Federal interest under clause (i).
-
(e) There is authorized to be appropriated to carry out section 3149(d) of this title $75,000,000 for each of fiscal years 2025 through 2029, to remain available until expended.
Citations to §3149(e)
-
(f) There are authorized to be appropriated to carry out section 3149(e) of this title, to remain available until expended—(1) to carry out paragraph (2)(A), $35,000,000 for each of fiscal years 2025 through 2029; and(2) to carry out paragraph (2)(B), $5,000,000 for each of fiscal years 2025 through 2027.