§3148 — Title 42 The Public Health and Welfare | U.S. Code

Summary

Projects can get funding only if they match at least one of five investment priorities. These cover projects that build or improve public facilities and infrastructure (like roads, transport, or telecom); projects that provide job training or otherwise increase people working in the area and lead to good jobs; projects that support innovation, entrepreneurship, business growth, lending, or moving new technologies to market; projects that help an area withstand and recover from economic shocks or natural disasters; and projects that boost manufacturing, jobs, and domestic suppliers. If the Secretary wants to use a priority not on this list, the Secretary must send a written explanation to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives. Nothing here removes any other legal requirements in the chapter.

Title 42, §3148

The Public Health and Welfare — Source: USLM XML via OLRC

(a)Subject to subsection (b), for a project to be eligible for assistance under this subchapter, the project shall be consistent with 1 or more of the following investment priorities:

(1)Economic development planning or implementation projects that support development of public facilities, including basic public infrastructure, transportation infrastructure, or telecommunications infrastructure.

(2)Economic development planning or implementation projects that—

(A)support job skills training to meet the hiring needs of the area in which the project is to be carried out and that result in well-paying jobs; or

(B)otherwise promote labor force participation.

(3)Economic development planning or implementation projects that—

(A)support the development of innovation and entrepreneurship-related infrastructure;

(B)promote business development and lending; or

(C)foster the commercialization of new technologies that are creating technology-driven businesses and high-skilled, well-paying jobs of the future.

(4)Economic development planning or implementation projects that enhance the ability of an area to withstand and recover from adverse short-term or long-term changes in economic conditions, including effects from industry contractions or economic impacts from natural disasters.

(5)Economic development planning or implementation projects that encourage job creation, business expansion, technology and capital upgrades, and productivity growth in manufacturing, including efforts that contribute to the competitiveness and growth of domestic suppliers or the domestic production of innovative, high-value products and production technologies.

(b)If the Secretary plans to use an investment priority that is not described in subsection (a), the Secretary shall submit to the Committee on Environment and Public Works of the Senate and the Committee on Transportation and Infrastructure of the House of Representatives a written notification that explains the basis for using that investment priority.

(c)Nothing in this section waives any other requirement of this chapter.

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

A prior section 3148, Pub. L. 89–136, title II, § 208, as added Pub. L. 105–393, title I, § 102(a), Nov. 13, 1998, 112 Stat. 3605, related to prevention of unfair competition, prior to repeal by Pub. L. 108–373, title II, § 206(a), Oct. 27, 2004, 118 Stat. 1761.

§3148 Investment priorities

Summary

Title 42, §3148

Notes & Related Subsidiaries

Editorial Notes

Prior Provisions

Citations & Metadata