Summary: H.R.4516 — 102nd Congress (1991-1992)All Information (Except Text)

There is one summary for H.R.4516. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (03/19/1992)

Community Services Empowerment Amendments of 1992 - Amends the Omnibus Budget Reconciliation Act of 1981 to establish the National Community Services Empowerment Partnership Corporation (Corporation).

Authorizes the Corporation to appoint a Community Services Empowerment Advisory Committee. Establishes in the Corporation an Office of Inspector General.

Authorizes the Corporation to make grants to existing or emerging community services empowerment corporations (corporations) for revolving funds that will provide assistance for business and employment opportunities in low-income urban and rural areas. Obligates at least ten percent of existing corporation annual appropriations for loans and capital investments to locally-owned small enterprises in high unemployment areas.

Sets forth provisions regarding: (1) eligibility requirements; (2) aggregate grant limits; (3) limitations on capital investment, administrative costs, technical assistance, and training; and (4) limitations on loan repayments and capital investment proceeds.

Authorizes the Corporation to make grants for: (1) emerging corporation enhancement, technical assistance, and training; and (2) research and development.

Sets forth audit and reporting provisions.

Authorizes appropriations.