ly streets, and dense development, among other 
things, in order to encourage a sense of community 
among neighborhood residents. 
(6) PARTICIPANT.—The term ‘‘participant’’ 
means a unit of general local government, or a con-
sortium of units of general local government, that 
has— 
(A) been selected for participation in the 
demonstration program under section 3; and 
(B) entered into a cooperative agreement 
with the Secretary pursuant to section 3(c). 
(7) PERFORMANCE-BASED
REGULATION.—The 
term ‘‘performance-based regulation’’ means regula-
tion focused on results or outcomes of performance, 
rather than a prescriptive process, technique, or pro-
cedure. 
(8) REGIONAL
LAND
BANK.—The term ‘‘re-
gional land bank’’ means a land bank controlled by 
an entity comprising of, or representing more than, 
one unit of general local government. 
(9) SECRETARY.—The term ‘‘Secretary’’ means 
the Secretary of Housing and Urban Development. 
(10) SMART
GROWTH.—The term ‘‘smart 
growth’’ means concentrating resources and new de-
velopment in areas in or near existing urban and 
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neighborhood centers served by public transportation 
and other existing infrastructure. 
(11) SUSTAINABILITY
PROJECT.—The term 
‘‘sustainability project’’ means a program or project 
that integrates innovative ways to conserve re-
sources, reduce harmful emissions, protect public 
health, enhance the natural and built environments, 
and facilitate social equity. 
(12) UNIT
OF
GENERAL
LOCAL
GOVERN-
MENT.—The term ‘‘unit of general local govern-
ment’’ has the meaning given such term in section 
102 of the Housing and Community Development 
Act of 1974 (42 U.S.C. 5302). 
(13) VACANT
AND
ABANDONED
PROPERTY.— 
The term ‘‘vacant and abandoned property’’ means 
any residential, commercial, or industrial property 
(including structures, the underlying site, and vacant 
lots) that has not been legally occupied for six 
months or longer, and exhibits one or both of the 
following conditions or circumstances: 
(A) The site presents a threat to public 
safety or constitutes a public nuisance, as de-
fined by State and local law. 
(B) The owners, managers, or any other 
responsible party, have neglected the funda-
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mental duties of property ownership including 
failure to pay taxes or utility bills, or have de-
faulted on mortgages. 
SEC. 7. REGULATIONS, IMPLEMENTATION, AND CITIZEN 
PARTICIPATION. 
(a) REGULATIONS.—Not later than 180 days after 
the date of the enactment of this Act, the Secretary shall 
issue regulations necessary to carry out this Act. 
(b) NOTICE OF FUNDING AVAILABILITY.—Not later 
than 30 days after publishing a final regulation to imple-
ment this Act, the Secretary shall publish a notice of fund-
ing availability in the Federal Register stating that funds 
are available to units of general local government and con-
sortia of units of general local government in accordance 
with the provisions of this Act. 
(c) USE
OF PERFORMANCE-BASED REGULATORY 
CONCEPTS.—To the extent feasible, the Secretary shall 
employ performance-based regulatory concepts in promul-
gating regulations under this section. 
SEC. 8. AUTHORIZATIONS OF APPROPRIATIONS. 
(a) REGENERATION
COMMUNITIES
IMPLEMENTA-
TION GRANTS.—For grants under section 3(d), there is 
authorized to be appropriated $100,000,000 for each of 
fiscal years 2012, 2013, and 2014. 
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(b) PLANNING GRANTS AND SUSTAINABILITY DEM-
ONSTRATION PROJECT GRANTS.—There is authorized to 
be appropriated for planning grants under section 4(c) 
and for sustainability demonstration project grants under 
section 4(d)— 
(1) $25,000,000 for fiscal year 2012; and 
(2) $12,500,000 for each of fiscal years 2013 
and 2014. 
(c) FEDERAL INTERAGENCY REGENERATION COM-
MUNITIES COORDINATING COUNCIL.—For costs associ-
ated with the establishment and operation of the Federal 
Interagency Regeneration Communities Coordinating 
Council under section 5, and technical and staff assistance 
under section 5(b), there is authorized to be appropriated 
$24,000,000 for each of fiscal years 2012, 2013, and 
2014. 
Æ 
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