Title 42 — The Public Health and WelfareRelease 119-73
§9813 Model Community Economic Development Finance Corporation; establishment; functions
Title 42 › Chapter CHAPTER 105— - COMMUNITY SERVICES PROGRAMS › Subchapter SUBCHAPTER I— - COMMUNITY ECONOMIC DEVELOPMENT › Part Part C— - Development Loans to Community Economic Development Programs › § 9813
Summary
The Secretary may use available funds, if appropriate, to plan a Model finance corporation to provide user-controlled, independent, professional long-term financing to community economic development corporations, cooperatives, and other eligible entities.
Full Legal Text
Title 42, §9813
The Public Health and Welfare — Source: USLM XML via OLRC
To the extent he deems appropriate, the Secretary shall utilize funds available under this part to prepare a plan of action for the establishment of a Model Community Economic Development Finance Corporation to provide a user-controlled independent and professionally operated long-term financing vehicle with the principal purpose of providing financial support for community economic development corporations, cooperatives, other affiliated and supportive agencies and organizations associated with community economic development corporations, and other entities eligible for assistance under this subchapter.
Reference
Citations & Metadata
Citation
42 U.S.C. § 9813
Title 42 — The Public Health and Welfare
Last Updated
Apr 6, 2026
Release point: 119-73