Page:United States Statutes at Large Volume 101 Part 3.djvu/660

 101 STAT. 1958

Regulations.

PUBLIC LAW 100-242—FEB. 5, 1988

scribe by regulation not later than 4 months following the date of the enactment of this Act, after consultation with the officials described in paragraph (1)(B)— (i) the procedures for nominating an area under paragraph (1)(A); (ii) the parameters relating to the size and population characteristics of an enterprise zone; and '5Hiuf> (iii) the manner in which nominated areas will be evaluated based on the criteria specified in subsection .; /; (d). (B) TIME LIMITATIONS.—The Secretary shall designate nominated areas as enterprise zones only during the 24month period beginning on the 1st day of the 1st month following the month in which the effective date of the regulations described in subparagraph (A) occurs. (C) PROCEDURAL RULES.—The Secretary shall not make any designation under paragraph (1) unless— (i) the local governments and the State in which the nominated area is located have the authority— -,, . (I) to nominate such area for designation as an enterprise zone; (II) to make the State and local commitments under subsection (d); and (III) to provide assurances satisfactory to the Secretary that such commitments will be fulfilled; (ii) a nomination therefor is submitted in such a manner and in such form, and contains such information, as the Secretary shall by regulation prescribe; .jl (iii) the Secretary determines that any information furnished is reasonably accurate; and (iv) the State and local governments certify that no portion of the area nominated is already included in an enterprise zone or in an area otherwise nominated to be an enterprise zone. (5) NOMINATION PROCESS FOR INDIAN RESERVATIONS.—In

the

case of a nominated area on an Indian reservation, the reservation governing body (as determined by the Secretary of the Interior) shall be deemed to be both the State and local governments with respect to such area. (b) PERIOD FOR WHICH DESIGNATION Is IN EFFECT.—

(1) IN GENERAL.—Any designation of an area as an enterprise zone shall remain in effect during the period beginning on the date of the designation and ending on the earliest of— (A) December 31 of the 24th calendar year following the calendar year in which such date occurs; (B) the termination date designated by the State and local governments as provided for in their nomination pursuant to subsection (a)(4)(C)(ii); or (C) the date the Secretary revokes such designation under paragraph (2). (2) REVOCATION OF DESIGNATION.—The Secretary, after consultation with the officials described in subsection (a)(l)(B) and a hearing on the record involving officials of the State or local government involved, may revoke the designation of an area if the Secretary determines that the local government or the State in which it is located is not complying substantially with the State and local commitments pursuant to subsection (d).

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