Page:United States Statutes at Large Volume 106 Part 5.djvu/215

 PUBLIC LAW 102-550—OCT. 28, 1992 106 STAT. 3853 under section 104(m) of the Housing and Community Development Act of 1974". (d) EuGiBLE NEIGHBORHOOD DEVELOPMENT ORGANIZATION. — Section 123(a)(2) of the Housing and Urban-Rural Recovery Act of 1983 (42 U.S.C. 5318 note) is amended— 42 USC 53i8a. (1) in subparagraph (A), by inserting "(i)" after "(A)"; (2) in siibparagraph (E), by stri^ng the period at the end and inserting "; or"; (3) by redesignating subparagraphs (B) through (E) as clauses (ii) through (v), respectively; and (4) l^ adding at the end the following new subparagraph: (B) any facility that provides small entrepreneurial business with afibroable shared support services and business development services and meets the requirements of subparcigraph (A).". (e) DEFlNmoNS.— Section 123(a) of the Housing and Urban- Rural Recovery Act of 1983 (42 U.S.C. 5318 note) is amended— 42 USC 53i8a. (1) by striking subparagraph (2)(A)(iv) (as so redesignated by subsection (d) of this section) and inserting the following new clause: "(iv) an organization that operates within an area that^ "(I) meets the requirements for Federal assistance under section 119 of the Housing and Community Development Act of 1974; "(II) is designated as an enterprise zone under Federal law; "(III) is designated as an enterprise zone under State law and recognized by the Secretary for purposes of this section as a State enterprise zone; or "(IV) is a qualified distressed community within the meaning of section 233(b)(l) of the Bank Enterprise Act of 1991; and"; (2) by redesignating paragraph (3) as paragraph (4); and (3) by inserting before paragraph (4) (as so redesignated) the following new paragraph: "(3) The term 'neighborhood development funding organization' means— "(A) a depository institution the accounts of which are insured pursuant to the Federal Deposit Insurance Act or the Federal Credit Union Act, ana any subsid^a!^:ia8 ^^^ such term is defined in section 3(w) of the Federal D^po^t Insurance Act) thereof; "(B) a depository institution holding company and any subsidiarv thereof (as such term is defined in section 3(w) of the Federal Deposit Insurance Act); or "(C) a company at least 75 percent of the common stock of which is owned by one or more insured depositonr institutions or depository institution holding companies.. (f) COORDINATION WITH COMMUNITY DEVELOPMENT FUNDING ORGANIZATIONS.— Section 123 of the Housing and Urban-Rural Recovery Act of 1983 (42 U.S.C. 5318 note) is amended— 42 USC 53i8a. (1) in subsection (b)(D, by inserting ", and from neighborhood development funding organizations," after "neighborhoods"; (2) in subsection (b)(3)— (A) in subparagraph (B), by striking "and" at the end;

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