Text: H.R.2637 — 107th Congress (2001-2002)All Bill Information (Except Text)

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Introduced in House (07/25/2001)


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[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.
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