Page:United States Statutes at Large Volume 88 Part 2.djvu/999

 88 STAT. ]

PUBLIC LAW 93-644-JAN. 4, 1975

2315

assistance pursuant to this Act, shall be fined not more than $10,000 or imprisoned for not more than two years, or both; but if the amount so embezzled, misapplied, stolen, or obtained by fraud does not exceed $100, he shall be fined not more than $1,000 or imprisoned not more than one year, or both. "(b) Whoever, by threat of procuring dismissal of any person from employment or of refusal to employ or refusal to renew a contract of employment in connection with a grant or contract of assistance under this Act induces any person to give u p any money or thing of any value to any person (including such grantee agency), shall be fined not more than $1,000 or imprisoned not more than one year, or both. a W I T H H O L D I N G CERTAIN FEDERAL T A X E S BY ANTIPOVERTY AGENCIES

"SEC. 627. Upon notice from the Secretary of the Treasury or his '^^ "^^ 297ig. delegate that any person otherw^ise entitled to receive a payment made pursuant to a grant, contract, agreement, loan or other assistance made or entered into under this Act is delinquent in paying or depositing (1) the taxes imposed on such person under chapters 21 and 23 of the Internal Revenue Code of 1954, or (2) the taxes deducted and withheld ^^^^ ^^^ ^^°^' by such person under chapters 21 and 24 of such Code, the Director 26 USC 3401. shall suspend such portion of such payment due to such person, which, if possible, is sufficient to satisfy such delinquency, and shall not make or enter into any new grant, contract, agreement, loan or other assistance under this Act with such person until the Secretary of the Treasury or his delegate has notified him that such person is no longer delinquent in paying or depositing such tax or the Director determines that adequate provision has been made for such payment. In order to effectuate the purpose of this section on a reasonable basis the Secretary of the Treasury and the Director shall consult on a quarterly basis." COMMUNITY ECONOMIC

DEVELOPMENT

SEC. 10. (a) Title VII of the Economic Opportunity Act of 1964 is amended to read as follows: " TITLE VII — COMMUNITY ECONOMIC DEVELOPMENT "STATEMENT or

PURPOSE

"SEC. 701. The purpose of this title is to encourage the development of special programs by which the residents of urban and rural lowincome areas may, through self-help and mobilization of the community at large, with appropriate Federal assistance, improve the quality of their economic and social participation in community life in such a way as to contribute to the elimination of poverty and the establishment of permanent economic and social benefits.

''^ use 2981.

"DEFINITION

"SEC. 702. As used in this title the term 'community development corporation' means a nonprofit organization responsible to residents of the area it serves which is receiving financial assistance under part A of this title and any organization more than 50 per centum of which is owned by such an organization, or otherwise controlled b}^ such an organization, or designated by such an organization for the purpose of this title.

''^ ^^'^ 298ia.

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