16 USC 3455 - Eligibility; terms and conditions

U.S Code last checked for updates: May 19, 2024

§ 3455.

Eligibility; terms and conditions

(a)

Eligibility

Technical assistance and financial assistance may be provided by the Secretary under this subchapter to any council to assist in carrying out a project specified in an area plan approved by the Secretary only if—

(1)

the council agrees in writing—

(A)

to carry out the project; and

(B)

to finance or arrange for financing of any portion of the cost of carrying out the project for which financial assistance is not provided by the Secretary under this subchapter;

(2)

the project is included in an area plan and is approved by the council;

(3)

the Secretary determines that assistance is necessary to carry out the area plan;

(4)

the project provided for in the area plan is consistent with any comprehensive plan for the area;

(5)

the cost of the land or an interest in the land acquired or to be acquired under the plan by any State, local unit of government, Indian tribe, or local nonprofit organization is borne by the State, local unit of government, Indian tribe, or local nonprofit organization, respectively; and

(6)

the State, local unit of government, Indian tribe, or local nonprofit organization participating in the area plan agrees to maintain and operate the project.

(b)

Loans

(1)

In general

(2)

Term

(3)

Interest rate

(c)

Approval by Secretary

(d)

Withdrawal

(Pub. L. 97–98, title XV, § 1532, as added Pub. L. 107–171, title II, § 2504, May 13, 2002, 116 Stat. 272.)

cite as: 16 USC 3455