Page:United States Statutes at Large Volume 95.djvu/522

 95 STAT. 496

PUBLIC LAW 97-35—AUG. 13, 1981 PART 4—SUPPORTIVE PROGRAMS AND ACTIVITIES TRAINING AND TECHNICAL ASSISTANCE

42 USC 9814.

SEC. 625. (a) The Secretary shall provide, directly or through grants, contracts, or other arrangements, such technical assistance and training of personnel as may be required to effectively implement the purposes of this subchapter. No financial assistance shall be provided to any public or private organization under this section unless the Secretary provides the beneficiaries of these services with opportunity to participate in the selection of and to review the quality and utility of the services furnished them by such organization. (b) Teclmical assistance to community development corporations and both urban and rural cooperatives may include planning, management, legal assistance or support, preparation of feasibility studies, product development, marketing, and the provision of stipends to encourage skilled professionals to engage in full-time activities under the direction of a community organization financially assisted under this subchapter. (c) Training for employees of community development corporations and for employees and members of urban and r u r ^ cooperatives shall include on-the-job training, classroom instruction, and scholarships to assist them in development, managerial, entrepreneurial, planning, and other technical and organizational skills which will contribute to the effectiveness of programs assisted under this subchapter. SMALL BUSINESS ADMINISTRATION AND DEPARTMENT OF COMMERCE PROGRAMS

SEC. 626. (a)(1) Funds granted under this subchapter which are invested directly or indirectly, in a small investment company, local development company, limited small business investment company, or small business investment company licensee under section 301(d) 15 USC 681. of the Small Business Investment Act of 1958 shall be included as "private paid-in capital and paid-in surplus", "combined paid-in capital and paid-in surplus", and "paid-in capital" for purposes of 15 USC 682, 683, sections 302,303, and 502, respectively, of the Small Business Invest696. ment Act of 1958. Regulations. (2) Not later than 90 days after the date of the enactment of this Act, the Administrator of the Small Business Administration, after consultation with the Secretary, shall promulgate regulations to ensure the availability to community development corporations of such programs as shall further the purposes of this subchapter, 15 USC 637. including programs under section 8(a) of the Small Business Act. (b)(l) Areas selected for assistance under this subchapter shall be deemed "redevelopment areas" within the meaning of section 401 of 42 USC 3161. the Public Works and Economic Development Act of 1965, shall qualify for assistance under the provisions of title I and title 11 of such 42 USC 3131, Act, and shall be deemed to have met the overall economic develop3141._ ment program requirements of section 202(b)(10) of such Act. 42 USC 3142. (2) Not later than 90 days after the date of the enactment of this Regulations. Act, the Secretary of Commerce shall prescribe regulations which will ensure that community development corporations and cooperatives shall qualify for assistance and shall be eligible to receive such assistance under all such programs of the Economic Development Administration as shall further the purposes of this subchapter. 42 USC 9815.

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