Title 42, The Public Health and WelfareRelease 119-102

§9813 Model Community Economic Development Finance Corporation; Establishment; Functions

Title 42 › CHAPTER 105 — COMMUNITY SERVICES PROGRAMS › SUBCHAPTER I — COMMUNITY ECONOMIC DEVELOPMENT › Part C — Development Loans to Community Economic Development Programs › § 9813

Last updated Aug 21, 2026|Official source

Summary

If the Secretary thinks it is appropriate, he must use funds under this part to make a plan to create a Model Community Economic Development Finance Corporation. It would be a user-controlled, independent, professionally run, long-term financing source to support community development corporations, cooperatives, related agencies, and other entities eligible under this subchapter.

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

Aug 21, 2026

Release point: 119-102