Title 40Public Buildings, Property, and WorksRelease 119-73not60

§15504 Program Development Criteria

Title 40 › Subtitle SUBTITLE V— REGIONAL ECONOMIC AND INFRASTRUCTURE DEVELOPMENT › Chapter 155— FINANCIAL ASSISTANCE › § 15504

Last updated Apr 5, 2026|Official source

Summary

The Commission must use procedures that, as much as possible, look at six things when picking and ranking projects for help. Those six are: how the project fits regional development; local economic data like per capita income, poverty, unemployment, and outmigration; the applicant’s financial resources and whether the project is well financed; how the project compares to competing projects for the same money; the likelihood of lasting job, income, or economic gains; and whether the project builds in clear ways to measure results and spending.

Full Legal Text

Title 40, §15504

Public Buildings, Property, and Works — Source: USLM XML via OLRC

In considering programs and projects to be provided assistance by a Commission under this subtitle, and in establishing a priority ranking of the requests for assistance provided to the Commission, the Commission shall follow procedures that ensure, to the maximum extent practicable, consideration of— (1)
(2)the per capita income and poverty and unemployment and outmigration rates in an area;
(3)the financial resources available to the applicants for assistance seeking to carry out the project, with emphasis on ensuring that projects are adequately financed to maximize the probability of successful economic development;
(4)the importance of the project or class of projects in relation to the other projects or classes of projects that may be in competition for the same funds;
(5)the prospects that the project for which assistance is sought will improve, on a continuing rather than a temporary basis, the opportunities for employment, the average level of income, or the economic development of the area to be served by the project; and
(6)the extent to which the project design provides for detailed outcome measurements by which grant expenditures and the results of the expenditures may be evaluated.

Legislative History

Notes & Related Subsidiaries

Editorial Notes

Codification Pub. L. 110–234 and Pub. L. 110–246 enacted identical sections. Pub. L. 110–234 was repealed by section 4(a) of Pub. L. 110–246.

Statutory Notes and Related Subsidiaries

Effective Date

Section effective on the first day of the first fiscal year beginning after June 18, 2008, see section 14217(d) of Pub. L. 110–246, set out as a note under section 15101 of this title.

Reference

Citations & Metadata

Citation

40 U.S.C. § 15504

Title 40Public Buildings, Property, and Works

Last Updated

Apr 5, 2026

Release point: 119-73not60