§9804 — Title 42 The Public Health and Welfare | U.S. Code

Summary

The President can create a National Advisory Community Investment Board made up of 15 members from the investment and business world and related fields. The President appoints them for staggered terms, outside normal civil service rules, and does this in consultation with the Secretary of Health and Human Services. The board must meet at least three times a year. The Secretary and the head of community economic development programs are automatic members. The Secretary must run the program through an appropriate office. The board’s job is to help private investors and businesses work with community development corporations by giving advice: how to make private investment easier, what project opportunities exist, and ways everyone can work together for mutual benefit. Local community development corporations may also set up their own advisory boards of up to 15 members, appointed by the corporation’s governing body after talking with local officials, to do the same kinds of advising.

Title 42, §9804

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

(a)(1)The President is authorized to establish a National Advisory Community Investment Board (hereinafter in this section referred to as the “Investment Board”). Such Investment Board shall be composed of 15 members appointed, for staggered terms and without regard to the civil service laws, by the President, in consultation with the Secretary of Health and Human Services (hereinafter in this subchapter referred to as the “Secretary”). Such members shall be representative of the investment and business communities and appropriate fields of endeavor related to this subchapter. The Investment Board shall meet at the call of the chairperson, but not less often than 3 times each year. The Secretary and the administrator of community economic development programs shall be ex officio members of the Investment Board.

(2)The Secretary shall carry out the provisions of this subchapter through an appropriate office.

(b)The Investment Board shall promote cooperation between private investors and businesses and community development corporation projects through—

(1)advising the Secretary and the community development corporations on ways to facilitate private investment;

(2)advising businesses and other investors of opportunities in community development corporation projects; and

(3)advising the Secretary, community development corporations, and private investors and businesses of ways in which they might engage in mutually beneficial efforts.

(c)The governing body of each Community Development Corporation may establish an advisory community investment board composed of not to exceed 15 members who shall be appointed by the governing body after consultation with appropriate local officials. Each such board shall promote cooperation between private investors and businesses and the governing body of the Community Development Corporation through—

(1)advising the governing body on ways to facilitate private investors;

(2)advising businesses and other investors of opportunities in Community Development Corporation projects; and

(3)advising the governing body, private investors, and businesses of ways in which they might engage in mutually beneficial efforts.

Notes & Related Subsidiaries

Editorial Notes

Amendments

1998—Subsec. (a)(2). Pub. L. 105–285 substituted “through an appropriate office” for “through the Office of Community Services established in section 9905(a) of this title”.

Statutory Notes and Related Subsidiaries

Termination of Advisory BoardsAdvisory boards established after Jan. 5, 1973, to terminate not later than the expiration of the 2-year period beginning on the date of their establishment, unless, in the case of a board established by the President or an officer of the Federal Government, such board is renewed by appropriate action prior to the expiration of such 2-year period, or in the case of a board established by the Congress, its duration is otherwise provided for by law. See section 1001(2) and 1013 of Title 5, Government Organization and Employees.

§9804 Advisory Community Investment Board