§12186 — Title 34 Navy | U.S. Code

§12186 Program priority for special emphasis programs

Title 34 › Subtitle Subtitle I— - Comprehensive Acts › Chapter CHAPTER 121— - VIOLENT CRIME CONTROL AND LAW ENFORCEMENT › Subchapter SUBCHAPTER II— - CRIME PREVENTION › Part Part E— - National Community Economic Partnership › Subpart subpart 1— - community economic partnership investment funds › § 12186

Last updated Apr 6, 2026|Official source

Summary

Give priority to community development corporations (CDCs) that do economic projects in distressed areas for vulnerable groups or that expand employee ownership, and to programs making loans up to $35,000. At least 5 percent of funds under section 31112(a)(2)(A) may be reserved for these activities.

Title 34, §12186

Navy — Source: USLM XML via OLRC

(a)The Secretary shall give priority in providing lines of credit under this subpart to community development corporations that propose to undertake economic development activities in distressed communities that target women, Native Americans, at risk youth, farmworkers, population-losing communities, very low-income communities, single mothers, veterans, and refugees; or that expand employee ownership of private enterprises and small businesses, and to programs providing loans of not more than $35,000 to very small business enterprises.

(b)Not less than 5 percent of the amounts made available under section 31112(a)(2)(A) 11 See References in Text note below. may be reserved to carry out the activities described in subsection (a).

Notes & Related Subsidiaries

Editorial Notes

References in Text

section 31112(a)(2)(A), referred to in subsec. (b), probably should be a reference to section 31132(b)(1) of Pub. L. 103–322, title III, Sept. 13, 1994, 108 Stat. 1888, which authorized appropriations under this part and was formerly classified to section 13852 of Title 42, The Public Health and Welfare, prior to being omitted from the Code as obsolete. Codification Section was formerly classified to section 13826 of Title 42, The Public Health and Welfare, prior to editorial reclassification and renumbering as this section.