H.R.2637 - Round II EZ/EC Flexibility Act of 2001107th Congress (2001-2002)
|Sponsor:||Rep. LoBiondo, Frank A. [R-NJ-2] (Introduced 07/25/2001)|
|Committees:||House - Financial Services; Agriculture|
|Latest Action:||08/06/2001 Referred to the Subcommittee on Housing and Community Opportunity. (All Actions)|
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Text: H.R.2637 — 107th Congress (2001-2002)All Bill Information (Except Text)
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Introduced in House (07/25/2001)
[Congressional Bills 107th Congress] [From the U.S. Government Printing Office] [H.R. 2637 Introduced in House (IH)] 107th CONGRESS 1st Session H. R. 2637 To correct inequities in the second round of empowerment zones and enterprise communities. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES July 25, 2001 Mr. LoBiondo (for himself, Mr. Capuano, Mrs. Bono, Mr. Baldacci, Mr. Spratt, Mr. Reyes, Mr. Duncan, and Mr. Spence) introduced the following bill; which was referred to the Committee on Financial Services, and in addition to the Commitee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned _______________________________________________________________________ A BILL To correct inequities in the second round of empowerment zones and enterprise communities. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Round II EZ/EC Flexibility Act of 2001''. SEC. 2. CORRECTION OF INEQUITIES IN THE SECOND ROUND OF EMPOWERMENT ZONES AND ENTERPRISE COMMUNITIES. (a) Grant Authority.--There are authorized to be appropriated-- (1) to the Secretary of Housing and Urban Development such sums as necessary to make grant awards totaling $100,000,000 to each of 15 urban empowerment zones designated pursuant to section 1391(g) of the Internal Revenue Code of 1986, taking into account any amount made available pursuant to any prior appropriation made for such zones; and (2) to the Secretary of Agriculture such sums as necessary to make grant awards totaling $40,000,000 to each of 5 rural empowerment zones designated pursuant to section 1391(g) of such Code, taking into account any amount made available pursuant to any prior appropriation made for such zones; and grant awards totaling $3,000,000 to each of 20 rural enterprise communities designated pursuant to section 766 of the Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 1999, taking into account any amount made available pursuant to any prior appropriation made for such communities. (b) Authority To Use Funds To Implement Strategic Plan.--Funds appropriated under any Federal law for an empowerment zone or enterprise community referred to in subsection (a) may be used to implement the strategic plan for the zone or community, including economic development, infrastructure development, workforce development, social services, and community development activities. (c) No Loss of Federal Funds by Reason of Reclassification as Renewal Community.--An area that, by reason of section 1400E(e) of the Internal Revenue Code of 1986, ceases to be designated as an empowerment zone or enterprise community under section 1391(g) of such Code shall not lose any Federal funds by reason of the cessation. (d) Authority To Use Funds To Pay Non-Federal Share of Matching Grants.--Funds appropriated under any Federal law for an empowerment zone or enterprise community referred to in subsection (a) may be used to pay the non-Federal share required in connection with another Federal grant-in-aid program undertaken as part of activities assisted under this section. <all>