Page:United States Statutes at Large Volume 104 Part 5.djvu/660

 104 STAT. 3982 PUBLIC LAW 101-624—NOV. 28, 1990 Subtitle B—Coordination of Rural Development Efforts CHAPTER 1—GENERAL PROVISIONS 7 USC 2007. SEC. 2310. GENERAL PROVISIONS. (a) APPLICATION FOR PARTICIPATION. —I f a State desires to participate in the program established in chapter 2 of this subtitle or the program established in sections 365 and 366 of the Consolidated Farm and Rural Development Act (as added by chapter 3 of this subtitle), the Governor of the State may submit to the Secretary of Agriculture (in this section referred to as the "Secretary") an application therefor. (b) SELECTION OF STATES.— (1) RURAL INVESTMENT PARTNERSHIPS. — The Secretary shall select not more than 5 States to which to make chapter 2 applicable during any particular period, to the extent of qualify- ing applications therefor. (2) RURAL ECONOMIC DEVELOPMENT REVIEW PANELS.—The Secretary shall select not more than 5 States to which to make sections 365 and 366 of the Consolidated Farm and Rural Development Act applicable during any particular period, to the extent of qualifying applications therefor. (c) DURATION OF PROJECTS, — (1) RURAL INVESTMENT PARTNERSHIPS.— Chapter 2 shall apply to any State selected by the Secretary under subsection (b)(D until September 30, 1996. (2) RURAL ECONOMIC DEVELOPMENT REVIEW PANELS.—Chapter 3 shall apply to any State selected by the Secretary under subsection (b)(2) until September 30, 1996. (d) EFFECTIVE DATE.— Chapter 2 of this subtitle and sections 365, 366, 367, and 368(b) of the Consolidated Farm and Rural Development Act (as added by chapter 3 of this subtitle) shall take effect on October 1, 1991. CHAPTER 2—RURAL INVESTMENT PARTNERSHIPS 7 USC 2007a. SEC. 2311. DEFINITIONS. As used in this chapter: (1) APPROVED LOCAL BUSINESS. —The term "approved local business" means a local business that is approved to receive assistance from the revolving fund of an eligible entity as provided under the provisions of this chapter. (2) ELIGIBLE ENTITY. —The term "eligible entity" means an entity— (A) that is— (i) a nonprofit private corporation or a public entity that is— (I) the governing body of each public regional organization (such as the governing body of an economic development district) that is chartered or otherwise organized under State law for the purpose of promoting economic development;

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