§6905 Allocation of assistance; subgrants

Summary

The agency in charge must split the program money so that at least 75% pays for the kinds of activities listed in section 6903(1) and at least 15% pays for the kinds listed in section 6903(2). No single person can get more than 10% of the total funds in one fiscal year. At least 50% of grants must help very low-income people, including those living on Indian reservations. An eligible organization that gets funds can make subgrants to small or new microenterprise groups under rules the agency sets. No more than 7.5% of the organization’s funds may be used for administrative costs of making those subgrants. Grants must include both large and small microenterprise groups serving urban, rural, and tribal communities and diverse populations. Groups in the program under section 636(m) cannot be given special preference over other applicants.