Page:United States Statutes at Large Volume 79.djvu/531

 79

STAT.]

PUBLIC LAW 8 9 - 1 1 7 - A U G U S T 10, 1965

491

GRANTS FOR NEIGHBORHOOD F A C I L I T I E S

SEC. 703. (a) I n accordance with the provisions of this section, the Administrator is authorized to make grants to any local public body or agency to assist in financing specific projects for neighborhood facilities. Any such project may be undertaken by such body or agency directly or through a nonprofit organization approved by i t: Provided, That no grant shall be provided under this section for any project to be undertaken through a nonprofit organization unless the Administrator determines (1) that such organization has or will have the legal, financial, and technical capacity to carry out the project, and (2) that the public body or agency to which the grant is made will have satisfactory continuing control over the use of the proposed facilities. (b) The amount of any grant made under the authority of this section shall not exceed 66% per centum of the development cost of the project for which the grant is made (or 75 per centum of such cost in the case of a project located in an area which at the time the grant is made is designated as a redevelopment area under the Area Redevel75 Stat. 47. opment Act or any Act supplementary thereto). 42 USC 2501 (c) No grant shall be made under this section for any project unless note." the Administrator determines that the project will provide a neighborhood facility which is (1) necessary for carrying out a program of health, recreational, social, or similar community service (including a community action program approved under title II of the Economic Opportunity Act of 1964) in the area, (2) consistent with comprehen- ^ use 273^1 et sive planning for the development of the community, and (3) so seq. located as to be available for use by a significant portion (or number in the case of large urban places) of the area's low- or moderate-income residents. (d) For a period of twenty years after a grant has been made under this section for a neighborhood facility, such facility shall not, without the approval of the Administrator, be converted to uses other than those proposed by the applicant in its application for a grant. The Administrator shall not approve any conversion in the use of such a neighborhood facility during such twenty-year period unless he finds that such conversion is in accordance with the then applicable program of health, recreational, social, or similar community services in the area and consistent with comprehensive planning for the development of the community in which the facility is located. I n approving any such conversion, the Administrator may impose such additional conditions and requirements as he deems necessary. (e) The Administrator shall give priority to applications for projects designed primarily to benefit members of low-income families or otherwise substantially further the objectives of a community action program approved under title II of the Economic Opportunity Act of 1964. ADVANCE ACQUISITION

OF LAND

SEC. 704. (a) I n order to encourage and assist in the timely acquisition of land planned to be utilized in connection with the future construction of public works or facilities, the Administrator is authorized to make grants to local public bodies and agencies to assist in financing the acquisition of a fee simple estate or other interest in such land. (b) The amount of any grant made under the authority of this section shall not exceed the aggregate amount of reasonable interest charges on the loan or other financial obligation incurred to finance the acquisition of such land for a period not exceeding the lesser of (1) five years from the date such loan was made or such financial obligation was incurred, or (2) the period of time between the date

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