I 
111TH CONGRESS 
2D SESSION 
H. R. 5897 
To reauthorize and improve programs and activities carried out under the 
Public Works and Economic Development Act of 1965, and for other 
purposes. 
IN THE HOUSE OF REPRESENTATIVES 
JULY 28, 2010 
Mr. OBERSTAR (for himself, Ms. NORTON, Mr. RAHALL, Mr. FILNER, Ms. 
EDDIE BERNICE JOHNSON of Texas, Mr. CUMMINGS, Mr. BISHOP of 
New York, Mr. CARNAHAN, Ms. HIRONO, Mr. ARCURI, Mr. KAGEN, Ms. 
RICHARDSON, Mr. HARE, and Mr. JOHNSON of Georgia) introduced the 
following bill; which was referred to the Committee on Transportation 
and Infrastructure, and in addition to the Committee on Financial Serv-
ices, for a period to be subsequently determined by the Speaker, in each 
case for consideration of such provisions as fall within the jurisdiction of 
the committee concerned 
A BILL 
To reauthorize and improve programs and activities carried 
out under the Public Works and Economic Development 
Act of 1965, and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE; TABLE OF CONTENTS. 
(a) SHORT TITLE.—This Act may be cited as the 
‘‘Economic Revitalization and Innovation Act of 2010’’. 
(b) TABLE OF CONTENTS.— 
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Sec. 1. Short title; table of contents. 
Sec. 2. Amendments to Public Works and Economic Development Act of 1965. 
Sec. 3. Findings and declarations. 
Sec. 4. Definitions. 
TITLE I—ECONOMIC DEVELOPMENT PARTNERSHIPS 
COOPERATION AND COORDINATION 
Sec. 101. Establishment of economic development partnerships. 
Sec. 102. Encouragement of certain coordination. 
Sec. 103. Coordination with respect to high-speed rail. 
TITLE II—GRANTS FOR PUBLIC WORKS AND ECONOMIC 
DEVELOPMENT 
Sec. 201. Grants for public works and economic development. 
Sec. 202. Grants for planning and grants for administrative expenses. 
Sec. 203. Cost sharing. 
Sec. 204. Grants for training, research, and technical assistance. 
Sec. 205. Financial assistance for business incubators and science and research 
parks. 
Sec. 206. Grants for economic adjustment. 
Sec. 207. Sustainable economic development demonstration program. 
Sec. 208. Job creation goals. 
Sec. 209. Prohibition with respect to use of assistance. 
TITLE III—ELIGIBILITY; COMPREHENSIVE ECONOMIC 
DEVELOPMENT STRATEGIES 
Sec. 301. Eligibility of areas. 
Sec. 302. Comprehensive economic development strategies. 
TITLE IV—ECONOMIC DEVELOPMENT DISTRICTS 
Sec. 401. Designation of economic development districts. 
Sec. 402. Termination or modification of economic development districts. 
TITLE V—ADMINISTRATION 
Sec. 501. Consultation with other persons and agencies. 
Sec. 502. Performance evaluations of grant recipients. 
Sec. 503. Economic development representatives. 
Sec. 504. Limitation on certain positions. 
TITLE VI—MISCELLANEOUS 
Sec. 601. Annual report to Congress. 
Sec. 602. Maintenance of effort. 
TITLE VII—FUNDING 
Sec. 701. General authorization of appropriations. 
Sec. 702. Funding for grants for planning and grants for administrative ex-
penses. 
Sec. 703. Funding for financial assistance for business incubators and science 
and research parks. 
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Sec. 704. Funding for sustainable economic development demonstration pro-
gram. 
Sec. 705. Funding for grants for training, research, and technical assistance. 
SEC. 2. AMENDMENTS TO PUBLIC WORKS AND ECONOMIC 
DEVELOPMENT ACT OF 1965. 
Except as otherwise expressly provided, whenever in 
this Act an amendment or repeal is expressed in terms 
of an amendment to, or a repeal of, a section or other 
provision, the reference shall be considered to be made to 
a section or other provision of the Public Works and Eco-
nomic Development Act of 1965 (42 U.S.C. 3121 et seq.). 
SEC. 3. FINDINGS AND DECLARATIONS. 
(a) FINDINGS.—Section 2(a) (42 U.S.C. 3121(a)) is 
amended to read as follows: 
‘‘(a) FINDINGS.—Congress finds that— 
‘‘(1) sustainable economic growth in the 21st 
century depends upon economic development strate-
gies that include investment in essential infrastruc-
ture that fosters innovation, entrepreneurship, and 
competition in the global marketplace; 
‘‘(2) there continue to be areas of the United 
States experiencing chronic high unemployment, 
underemployment, outmigration, and low per capita 
income, as well as areas facing sudden and severe 
economic dislocations due to structural economic 
changes, increasing international competition, cer-
tain Federal actions (including defense-related facil-
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ity closures and realignment and actions required to 
counteract the depletion of natural resources), and 
natural disasters; 
‘‘(3) the goal of Federal economic development 
programs is to raise the standard of living for all 
citizens and increase the wealth and overall rate of 
growth of the economy by encouraging regions and 
communities to develop a more competitive and di-
versified economic base, including by— 
‘‘(A) expanding economic opportunities, in-
creasing international competitiveness, and cre-
ating a climate supportive of job creation and 
business development; 
‘‘(B) creating an environment that pro-
motes public infrastructure investments that 
maximize sustainable development practices; 
‘‘(C) promoting private sector job creation 
through increased innovation, productivity, and 
entrepreneurship; and 
‘‘(D) empowering local and regional com-
munities experiencing chronic high unemploy-
ment, underemployment, outmigration, and low 
per capita income to develop private sector busi-
ness and attract increased domestic and foreign 
private sector capital investment, including 
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through the location of information technology, 
agribusiness, alternative energy, and manufac-
turing jobs in the United States and the reloca-
tion of such jobs to the United States; 
‘‘(4) economic growth in the States, including 
in both cities and rural areas, can best be promoted 
by helping communities invest in regional strategies 
that build upon unique competitive advantages and 
are designed to foster innovation and entrepreneur-
ship in all segments of the community’s economy; 
‘‘(5) while economic development is an inher-
ently local process, the Federal Government should 
work in partnership with public and private organi-
zations at the State, regional, tribal, and local levels 
to maximize the impact of existing resources and en-
able regions, communities, and citizens to participate 
more fully in the American dream and national pros-
perity; 
‘‘(6) in order to avoid duplication of effort and 
achieve meaningful, long-lasting results, Federal, 
State, tribal, and local economic development activi-
ties should have a clear focus, improved coordina-
tion, a comprehensive approach, and simplified and 
consistent requirements; and 
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‘‘(7) Federal economic development efforts will 
be more effective if the efforts are coordinated with, 
and build upon, the trade, workforce investment, 
higher education, transportation, energy, environ-
mental protection, and technology programs of the 
United States.’’. 
(b) 
DECLARATIONS.—Section 
2(b) 
(42 
U.S.C. 
3121(b)) is amended to read as follows: 
‘‘(b) DECLARATIONS.—In order to promote a strong 
and growing economy throughout the United States, Con-
gress declares that— 
‘‘(1) assistance under this Act should be made 
available to distressed communities in both rural and 
urban areas; 
‘‘(2) local communities should work in partner-
ship with neighboring communities, economic devel-
opment districts, States, Indian tribes, institutions 
of higher education, the private sector, and the Fed-
eral Government to increase the capacity of those 
local communities to develop and implement com-
prehensive economic development strategies to allevi-
ate economic distress and enhance competitiveness 
in the global economy; 
‘‘(3) whether suffering from long-term distress 
or a sudden dislocation, distressed communities 
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should be encouraged to take affirmative steps to 
promote innovation and entrepreneurship, including 
through the formation of business incubators, to 
help create higher skill, higher wage jobs and foster 
the participation of those distressed communities in 
the global marketplace; 
‘‘(4) assistance under this Act should be made 
available to promote sustainable economic develop-
ment practices, to assist communities with the pro-
ductive reuse of abandoned industrial facilities and 
the redevelopment of brownfields, and to leverage 
significant Federal investments in high-speed rail 
corridors and other transportation infrastructure; 
and 
‘‘(5) research assistance under this Act should 
help regions across the United States leverage the 
economic assets of those regions in a comprehensive 
manner and should enhance the Economic Develop-
ment Administration’s ability to provide an economic 
development framework to assist distressed commu-
nities and regions, with particular emphasis on revi-
talizing the manufacturing and agribusiness indus-
tries and the linkages between urban and rural com-
munities.’’. 
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SEC. 4. DEFINITIONS. 
Section 3(8) (42 U.S.C. 3122(8)) is amended— 
(1) in subparagraph (C) by striking ‘‘and’’ at 
the end; 
(2) in subparagraph (D) by striking the period 
at the end and inserting a semicolon; and 
(3) by adding at the end the following: 
‘‘(E) the Southeast Crescent Regional 
Commission established under section 15301(a) 
of title 40, United States Code; 
‘‘(F) the Northern Border Regional Com-
mission established under section 15301(a) of 
title 40, United States Code; and 
‘‘(G) the Southwest Border Regional Com-
mission established under section 15301(a) of 
title 40, United States Code.’’. 
TITLE I—ECONOMIC DEVELOP-
MENT 
PARTNERSHIPS 
CO-
OPERATION AND COORDINA-
TION 
SEC. 101. ESTABLISHMENT OF ECONOMIC DEVELOPMENT 
PARTNERSHIPS. 
(a) TECHNICAL ASSISTANCE.—Section 101(b) (42 
U.S.C. 3131(b)) is amended— 
(1) in the matter preceding paragraph (1) by 
inserting after ‘‘nonprofit organizations’’ the fol-
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lowing: ‘‘, including economic development districts 
and university centers,’’; and 
(2) by striking paragraphs (2) and (3) and in-
serting the following: 
‘‘(2) encourage and support public-private part-
nerships for the formation and improvement of eco-
nomic development strategies, including regional 
strategies, that sustain and promote innovation and 
entrepreneurship that is critical to economic com-
petitiveness throughout the United States; and 
‘‘(3) promote investment in infrastructure, in-
novation, entrepreneurship, sustainable development, 
and technological capacity (including with respect to 
advanced technologies in all industry sectors) to 
keep pace with the changing global economy.’’. 
(b) INTERGOVERNMENTAL REVIEW.—Section 101(c) 
(42 U.S.C. 3131(c)) is amended by inserting after ‘‘gov-
ernment agencies’’ the following: ‘‘and appropriate eco-
nomic development districts’’. 
SEC. 102. ENCOURAGEMENT OF CERTAIN COORDINATION. 
(a) IN GENERAL.—Title I (42 U.S.C. 3131 et seq.) 
is amended by adding at the end the following: 
‘‘SEC. 104. ENCOURAGEMENT OF CERTAIN COORDINATION. 
‘‘In carrying out this Act, the Secretary is authorized 
and encouraged to consult and cooperate with any Fed-
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eral, State, or local government agency or consortium of 
governmental organizations that can assist in addressing 
challenges and capitalizing on opportunities that require 
coordination, including the Department of Labor with re-
spect to supporting economic and workforce development 
strategies and promoting regional innovation clusters.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
in section 1(b) is amended by inserting after the item re-
lating to section 103 the following: 
‘‘Sec. 104. Encouragement of certain coordination.’’. 
SEC. 103. COORDINATION WITH RESPECT TO HIGH-SPEED 
RAIL. 
(a) IN GENERAL.—Title I (42 U.S.C. 3131 et seq.), 
as amended by this Act, is further amended by adding 
at the end the following: 
‘‘SEC. 105. COORDINATION WITH RESPECT TO HIGH-SPEED 
RAIL. 
‘‘The Secretary shall coordinate activities carried out 
under this Act, as appropriate, with the Department of 
Transportation and other relevant Federal agencies, State 
and local governments, economic development districts, In-
dian tribes, and planning and development organizations 
to leverage and maximize the economic development poten-
tial of Federal investments in high-speed rail projects. In 
carrying out this section, the Secretary shall conduct stud-
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ies and disseminate reports, as appropriate, with respect 
to high-speed rail projects.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
in section 1(b), as amended by this Act, is further amend-
ed by inserting after the item relating to section 104 the 
following: 
‘‘Sec. 105. Coordination with respect to high-speed rail.’’. 
TITLE II—GRANTS FOR PUBLIC 
WORKS AND ECONOMIC DE-
VELOPMENT 
SEC. 201. GRANTS FOR PUBLIC WORKS AND ECONOMIC DE-
VELOPMENT. 
Section 201(a)(1) (42 U.S.C. 3141(a)(1)) is amended 
by inserting after ‘‘development facility’’ the following: 
‘‘(including a facility of a business incubator or a science 
and research park (as such terms are defined in section 
208(a))’’. 
SEC. 202. GRANTS FOR PLANNING AND GRANTS FOR AD-
MINISTRATIVE EXPENSES. 
(a) IN
GENERAL.—Section 203(a) (42 U.S.C. 
3143(a)) is amended by inserting after ‘‘administrative ex-
penses’’ the following: ‘‘(including indirect costs deter-
mined eligible in an applicable Office of Management and 
Budget circular)’’. 
(b) PLANNING PROCESS.—Section 203(b) (42 U.S.C. 
3143(b)) is amended— 
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(1) in paragraph (3) by striking ‘‘and’’ at the 
end; 
(2) in paragraph (4) by striking ‘‘and increase 
incomes.’’ and inserting ‘‘and systemic economic dis-
tress and increase incomes by fostering entrepre-
neurship and innovation across all regional industry 
sectors; and’’; and 
(3) by adding at the end the following: 
‘‘(5) fostering regional collaboration.’’. 
(c) STATE PLANS.—Section 203(d)(4) (42 U.S.C. 
3143(d)(4)) is amended— 
(1) in the matter preceding subparagraph (A) 
by inserting after ‘‘public works’’ the following: ‘‘and 
other types of assistance’’; 
(2) in subparagraph (C) by inserting after ‘‘en-
vironment’’ the following: ‘‘, including through effi-
cient energy production, utilization, and facility de-
velopment’’; 
(3) in subparagraph (E)— 
(A) by inserting after ‘‘use’’ the following: 
‘‘and deployment’’; and 
(B) by striking ‘‘and’’ at the end; 
(4) in subparagraph (F) by striking the period 
at the end and inserting ‘‘; and’’; and 
(5) by adding at the end the following: 
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‘‘(G) 
support 
sustainable 
development 
practices and the efficient coordination and 
leveraging of public and private investments.’’. 
SEC. 203. COST SHARING. 
Section 204(c) (42 U.S.C. 3144(c)) is amended— 
(1) in paragraph (2) by inserting after ‘‘State 
or political subdivision’’ the following: ‘‘or that the 
Secretary determines has been affected by substan-
tial declines in tax revenue’’; and 
(2) in paragraph (3)— 
(A) in the heading by striking ‘‘TRAINING’’ 
and inserting ‘‘PLANNING, TRAINING’’; 
(B) by striking ‘‘section 207’’ and insert-
ing ‘‘section 203 or 207’’; and 
(C) by inserting after ‘‘such an increase’’ 
the following: ‘‘or if grant supported activities 
will include regional planning to build on com-
petitive advantages available regionally’’. 
SEC. 204. GRANTS FOR TRAINING, RESEARCH, AND TECH-
NICAL ASSISTANCE. 
(a) 
GRANTS.—Section 
207(a)(1) 
(42 
U.S.C. 
3147(a)(1)) is amended by striking ‘‘or underemploy-
ment’’ and inserting ‘‘, underemployment, or outmigra-
tion’’. 
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(b) TYPES OF ASSISTANCE.—Section 207(a)(2) (42 
U.S.C. 3147(a)(2)) is amended— 
(1) in subparagraph (D) by inserting after 
‘‘centers’’ the following: ‘‘, with the goal that at 
least one university center is established in each 
State’’; and 
(2) by striking subparagraphs (H) and (I) and 
inserting the following: 
‘‘(H) studies that evaluate the effectiveness 
of regional innovation clusters and determine 
best practices with respect to the support pro-
vided by entrepreneurial infrastructure, includ-
ing business incubators; 
‘‘(I) a peer exchange program to promote 
best practices and innovation with respect to 
the organizational development, program deliv-
ery, and regional initiatives of economic devel-
opment districts; 
‘‘(J) development and promotion of per-
formance measures and best practices with re-
spect to commercialization and entrepreneur-
ship; and 
‘‘(K) other activities determined by the 
Secretary to be appropriate.’’. 
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(c) HIGH-SPEED RAIL.—Section 207(a) (42 U.S.C. 
3147(a)) is amended by adding at the end the following: 
‘‘(4) HIGH-SPEED
RAIL.—In making a grant 
under this subsection for the establishment of a uni-
versity center, the Secretary shall ensure, if appro-
priate, that the activities of the center will include 
conducting research and providing technical assist-
ance to leverage and maximize the economic develop-
ment potential of Federal investments in high-speed 
rail projects.’’. 
SEC. 205. FINANCIAL ASSISTANCE FOR BUSINESS INCUBA-
TORS AND SCIENCE AND RESEARCH PARKS. 
(a) IN GENERAL.—Title II (42 U.S.C. 3141 et seq.) 
is amended by inserting after section 207 the following: 
‘‘SEC. 208. FINANCIAL ASSISTANCE FOR BUSINESS INCUBA-
TORS AND SCIENCE AND RESEARCH PARKS. 
‘‘(a) DEFINITIONS.—In this section, the following 
definitions apply: 
‘‘(1) BUSINESS INCUBATOR.—The term ‘busi-
ness incubator’ means a program established to fos-
ter the creation of new businesses and accelerate the 
growth of early-stage businesses by providing entre-
preneurs and early-stage businesses with the re-
sources and services to produce viable businesses 
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that can help create jobs in and restore vitality to 
communities. 
‘‘(2) BUSINESS
INCUBATOR
DEVELOPMENT 
PROJECT.—The term ‘business incubator develop-
ment project’ means a project to construct or alter 
facilities for a business incubator, including the ac-
quisition of real property necessary to carry out the 
construction or alteration. 
‘‘(3) SCIENCE
AND
RESEARCH
PARK.—The 
term ‘science and research park’ means a program 
that— 
‘‘(A) includes property and buildings de-
signed primarily for— 
‘‘(i) research and development activi-
ties conducted by public-private partners; 
‘‘(ii) technology- and science-based 
businesses; or 
‘‘(iii) research and development sup-
port services; 
‘‘(B) includes a contractual relationship 
with one or more institutions of higher edu-
cation or government or nonprofit research lab-
oratories; 
‘‘(C) has a primary mission of— 
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‘‘(i) promoting research and develop-
ment through industry partnerships, as-
sisting the growth of new ventures, and 
promoting innovation-driven economic de-
velopment; 
‘‘(ii) facilitating the transfer of tech-
nology and business skills between re-
searchers and industry teams; and 
‘‘(iii) promoting technology-led eco-
nomic development for the community or 
region in which the program is located; 
and 
‘‘(D) is owned by a government or non-
profit entity (although the government or non-
profit entity may enter into partnerships or 
joint ventures with for-profit entities to develop 
or manage specific components of the program). 
‘‘(4) SCIENCE AND RESEARCH PARK DEVELOP-
MENT
PROJECT.—The term ‘science and research 
park development project’ means a project to con-
struct or alter facilities for a science and research 
park, including the acquisition of real property nec-
essary to carry out the construction or alteration. 
‘‘(b) FINANCIAL ASSISTANCE.—On the application of 
an eligible recipient, the Secretary may provide financial 
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assistance in accordance with this section to assist the de-
velopment of business incubators and science and research 
parks. 
‘‘(c) GRANTS FOR PLANS FOR SCIENCE AND RE-
SEARCH PARKS.— 
‘‘(1) GRANT AUTHORITY.—In accordance with 
this subsection, the Secretary may award a grant to 
an eligible recipient for the development of a feasi-
bility study or development plan, or both, with re-
spect to a science and research park development 
project. 
‘‘(2) AMOUNT OF A GRANT.—A grant awarded 
under paragraph (1) may not be in an amount that 
exceeds $750,000. 
‘‘(3) SELECTION PROCESS.— 
‘‘(A) SELECTION
CRITERIA.—Not later 
than 180 days after the date of enactment of 
the Economic Revitalization and Innovation Act 
of 2010, the Secretary shall publish the criteria 
to be utilized for the selection of grant recipi-
ents under paragraph (1). 
‘‘(B) COMPETITION REQUIRED.—The Sec-
retary shall award grants under paragraph (1) 
pursuant to a full and open competition. 
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‘‘(C) GEOGRAPHIC DIVERSITY.—In award-
ing grants under paragraph (1), the Secretary 
shall ensure, to the extent practicable, that 
grant recipients represent diverse geographic 
areas of the United States, including rural and 
urban areas. 
‘‘(4) PROGRAM LIMIT.—The Secretary may not 
award, in the aggregate, more than $7,500,000 in 
grants under paragraph (1). 
‘‘(d) LOAN GUARANTEES FOR BUSINESS INCUBA-
TORS AND SCIENCE AND RESEARCH PARKS.— 
‘‘(1) GUARANTEE AUTHORITY.—In accordance 
with this subsection, the Secretary may guarantee a 
loan of an eligible recipient to assist the carrying out 
of a business incubator development project or a 
science and research park development project. 
‘‘(2) GUARANTEE
PERCENTAGE.—In guaran-
teeing a loan under paragraph (1), the Secretary 
may guarantee up to 80 percent of the principal 
amount of the loan. 
‘‘(3) 
SELECTION
OF
GUARANTEE
RECIPI-
ENTS.— 
‘‘(A) CREDITWORTHINESS.—The Secretary 
may not guarantee a loan under paragraph (1) 
unless the Secretary has determined that there 
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is a reasonable assurance of repayment with re-
spect to the loan. 
‘‘(B) GRANT RECIPIENTS.—A recipient of 
a grant under subsection (c) for the develop-
ment of a feasability study or development plan, 
or both, is not eligible for a loan guarantee 
under paragraph (1) until the recipient has 
completed the study or plan, or both, for which 
the grant was provided (as determined by the 
Secretary). 
‘‘(4) TERM
OF
LOAN.—The term of a loan 
guaranteed under paragraph (1) may not exceed the 
lesser of— 
‘‘(A) 30 years; or 
‘‘(B) 90 percent of the useful life of any 
physical asset to be financed by such loan. 
‘‘(5) SUBORDINATION.—An obligation relating 
to a loan guarantee under paragraph (1) may not be 
subordinated to another debt contracted by the bor-
rower or to any other claims against the borrower in 
the case of default. 
‘‘(6) OTHER TERMS AND CONDITIONS.—Except 
as otherwise specified in this subsection, a loan 
guarantee under paragraph (1) shall be subject to 
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such terms and conditions as the Secretary may pre-
scribe. 
‘‘(7) REVIEW.— 
‘‘(A) IN
GENERAL.—The Secretary shall 
periodically assess the risks associated with 
loans guaranteed under paragraph (1). 
‘‘(B) COMPTROLLER GENERAL REPORT.— 
Not later than 2 years after the date of enact-
ment of the Economic Revitalization and Inno-
vation Act of 2010, the Comptroller General 
shall— 
‘‘(i) conduct a comprehensive review 
of the program under this subsection; and 
‘‘(ii) submit to Congress a report on 
the results of the review. 
‘‘(8) PROGRAM LEVELS.—In carrying out para-
graph (1) during fiscal years 2011 through 2015, 
the Secretary may not guarantee loans in an amount 
that exceeds— 
‘‘(A) $50,000,000 for a single project; 
‘‘(B) $235,000,000 in a single fiscal year; 
and 
‘‘(C) $500,000,000 in the aggregate.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
in section 1(b), as amended by this Act, is further amend-
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ed by inserting after the item relating to section 207 the 
following: 
‘‘Sec. 208. Financial assistance for business incubators and science and re-
search parks.’’. 
SEC. 206. GRANTS FOR ECONOMIC ADJUSTMENT. 
(a) IN
GENERAL.—Section 209(a) (42 U.S.C. 
3149(a)) is amended— 
(1) by inserting after ‘‘public facilities,’’ the fol-
lowing: ‘‘science and research park development 
projects (as defined in section 208(a)),’’; and 
(2) by inserting after ‘‘revolving loan fund’’ the 
following: ‘‘, a challenge grant, and operating sup-
port for business incubators (as defined in section 
208(a))’’. 
(b) PARTICULAR COMMUNITY ASSISTANCE.—Section 
209(c) (42 U.S.C. 3149(c)) is amended— 
(1) in the matter preceding paragraph (1) by 
striking ‘‘injured’’ and inserting ‘‘affected’’; 
(2) in paragraph (1)— 
(A) by striking ‘‘or realignments,’’ and in-
serting ‘‘, realignments, or mission growth,’’; 
and 
(B) by inserting after ‘‘their economies’’ 
the following: ‘‘or supporting the economic ad-
justment activities of the Secretary of Defense’’; 
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(3) in paragraph (4) by striking ‘‘or’’ at the 
end; 
(4) in paragraph (5)— 
(A) by striking ‘‘manufacturing jobs’’ and 
inserting ‘‘manufacturing, information tech-
nology, natural resource, agricultural, or service 
sector jobs’’; and 
(B) by striking the period at the end and 
inserting ‘‘; or’’; and 
(5) by adding at the end the following: 
‘‘(6) a lack of technology infrastructure, includ-
ing inadequate access to broadband capacity suffi-
cient to support economic development objectives; 
‘‘(7) an inability to utilize alternative means of 
energy production and distribution; or 
‘‘(8) insufficient access to capital and credit 
necessary for business retention and expansion, en-
trepreneurship, and innovation.’’. 
(c) SPECIAL PROVISIONS RELATING TO REVOLVING 
LOAN
FUND
GRANTS.—Section 209(d) (42 U.S.C. 
3149(d)) is amended— 
(1) in paragraph (2)— 
(A) by redesignating subparagraphs (B) 
and (C) as subparagraphs (C) and (D), respec-
tively; and 
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(B) by inserting after subparagraph (A) 
the following: 
‘‘(B) at the request of a grantee, approve 
the transfer of all or a portion of the assets of 
a revolving loan fund of the grantee to another 
eligible recipient to assist in establishing or 
maintaining a multiregion or national revolving 
loan fund;’’; and 
(2) by adding at the end the following: 
‘‘(5) CONVERSION OF REVOLVING LOAN FUND 
ASSETS.— 
‘‘(A) AUTHORITY.—At the request of a 
grant recipient, the Secretary may approve the 
use of the assets of a revolving loan fund estab-
lished by the grant recipient with assistance 
under this section for another project, if— 
‘‘(i) the project is eligible for assist-
ance under this Act; and 
‘‘(ii) the Secretary determines that 
the revolving loan fund is no longer nec-
essary and the grant recipient, as a result 
of changed economic development needs, 
will make better use of the assets by car-
rying out the project. 
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‘‘(B) METHODS OF CONVERSION.—If con-
version of a revolving loan fund is approved 
under subparagraph (A), the applicable grant 
recipient may convert the assets of the revolving 
loan fund by— 
‘‘(i) selling to a third party any assets 
of the revolving loan fund; or 
‘‘(ii) retaining repayments of principal 
and interest amounts made on loans pro-
vided through the revolving loan fund. 
‘‘(C) TERMS AND CONDITIONS.—Except as 
otherwise provided under this paragraph, the 
Secretary may establish such terms and condi-
tions with respect to the conversion of a revolv-
ing loan fund under this paragraph as the Sec-
retary determines appropriate. 
‘‘(D) EXPEDIENCY
REQUIREMENT.—The 
Secretary shall ensure that any assets of a re-
volving loan fund converted under this para-
graph are used in an expeditious manner. 
‘‘(6) RELEASE.—The Secretary may release, 
subject to terms and conditions the Secretary deter-
mines appropriate, the Federal Government’s inter-
est in a revolving loan fund established by a grant 
recipient with assistance under this section on or 
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after the date that is 7 years after the date on which 
the applicable grant was fully disbursed, if the Sec-
retary determines that— 
‘‘(A) the grant recipient has carried out 
the terms of the grant in a satisfactory manner; 
‘‘(B) any proceeds realized after the re-
lease of the Federal Government’s interest will 
be used for one or more activities that carry out 
the economic development purposes of this Act; 
and 
‘‘(C) the grant recipient will continue to 
satisfy the requirements of section 602. 
‘‘(7) EQUITY
INVESTMENT
DEMONSTRATION 
PROGRAM.— 
‘‘(A) AUTHORITY.— 
‘‘(i) IN GENERAL.—To determine the 
feasibility and utility of providing equity 
investments through revolving loan funds 
established by grant recipients with assist-
ance under this section, the Secretary may 
authorize, at the request of a grant recipi-
ent, the use of the capital base of a revolv-
ing loan fund for equity investments in 
businesses in need of capital to start up 
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operations or expand operations beyond 
the startup phase. 
‘‘(ii) DEMONSTRATED CAPACITY.—Be-
fore authorizing a grant recipient to make 
equity investments under clause (i), the 
Secretary shall determine that the grant 
recipient has the demonstrated capacity for 
engaging in equity investments or will con-
tract with another company or organiza-
tion with a proven track record with re-
spect to equity investments. 
‘‘(iii) 
PREFERENTIAL
CONSIDER-
ATION.—In authorizing grant recipients to 
make equity investments under clause (i), 
the Secretary shall give preferential consid-
eration to requests from grant recipients 
that intend to focus their investment ac-
tivities in support of business incubators 
(as defined in section 208(a)), companies 
commercializing technologies in conjunc-
tion with institutions of higher education, 
science and research parks (as defined in 
section 208(a)), or technology or manufac-
turing companies relocating to the United 
States from outside the United States. 
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‘‘(iv) 
GEOGRAPHIC
DIVERSITY.—In 
authorizing grant recipients to make equity 
investments under clause (i), the Secretary 
shall ensure, to the extent practicable, that 
grant recipients authorized represent di-
verse geographic areas of the United 
States, including rural and urban areas. 
‘‘(B) REQUIREMENTS.—In authorizing a 
grant recipient to make equity investments 
under subparagraph (A)(i), the Secretary shall 
ensure that— 
‘‘(i) not more than 25 percent of the 
capital base of the revolving loan fund of 
the grant recipient will be used for equity 
investments; 
‘‘(ii) the Federal share of the amount 
used for an equity investment made by the 
grant recipient will not exceed 50 percent; 
and 
‘‘(iii) the total amount of the equity 
investments made by the grant recipient in 
any one business will not exceed $250,000. 
‘‘(C) OTHER TERMS AND CONDITIONS.— 
Except as otherwise provided in this paragraph, 
the Secretary may authorize grant recipients to 
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make equity investments under subparagraph 
(A)(i) subject to terms and conditions the Sec-
retary determines are appropriate. 
‘‘(D) DISPOSITION
OF
EQUITY
SECURI-
TIES.—In the event that the Secretary acquires 
equity securities as a result of a default by any 
party under any agreement relating to the 
terms of the Secretary’s extension of assistance 
under this paragraph, the Secretary shall liq-
uidate the Federal interest in such securities as 
soon as possible and for such consideration as 
the Secretary determines appropriate. The Sec-
retary may assign or transfer the securities to 
a third party for purposes of liquidation and 
the third party may retain proceeds from the 
disposition of the securities to defray costs re-
lated to the liquidation. 
‘‘(E) DEFINITIONS.—In this paragraph the 
following definitions apply: 
‘‘(i) CAPITAL BASE.—The term ‘cap-
ital base’ means the amount of the fund-
ing, from a grant under this section and 
from non-Federal sources, initially pro-
vided to establish a revolving loan fund 
under this section. 
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‘‘(ii) 
EQUITY
INVESTMENT.—The 
term ‘equity investment’ means an invest-
ment of funds in a business that results in 
the acquisition of an equity security. 
‘‘(iii) EQUITY
SECURITY.—The term 
‘equity security’ means an instrument that 
signifies an ownership interest in a busi-
ness.’’. 
SEC. 207. SUSTAINABLE ECONOMIC DEVELOPMENT DEM-
ONSTRATION PROGRAM. 
(a) IN GENERAL.—Section 218 (42 U.S.C. 3154d) 
is amended to read as follows: 
‘‘SEC. 218. SUSTAINABLE ECONOMIC DEVELOPMENT DEM-
ONSTRATION PROGRAM. 
‘‘(a) IN GENERAL.—On the application of an eligible 
recipient, the Secretary may provide technical assistance, 
make grants, enter into contracts, or otherwise provide 
funding for a project— 
‘‘(1) to promote energy efficiency to enhance 
the economic competitiveness of an area; 
‘‘(2) to increase the use of renewable energy 
technologies, including solar, wind, or geothermal 
technologies, to support sustainable economic devel-
opment and job growth, with a priority given to 
projects that incorporate photovoltaics or relate to 
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agribusiness, including in both urban and rural 
areas; 
‘‘(3) to support energy efficiency or alternative 
energy development plans, studies, or analysis (in-
cluding with respect to job training, attraction, or 
retention) to enhance a comprehensive economic de-
velopment strategy with respect to which funding 
has been provided under this Act; 
‘‘(4) to support the efforts of a community to 
have a technology or manufacturing business located 
outside the United States relocate to the United 
States; and 
‘‘(5) to supplement another project funded by a 
Federal grant, loan, or loan guarantee provided for 
a purpose described in paragraphs (1) through (4). 
‘‘(b) FEDERAL
SHARE.—Notwithstanding section 
204, the Federal share of the cost of a project funded 
under this section— 
‘‘(1) if described in paragraph (1), (2), (3), or 
(4) of subsection (a), shall not exceed 80 percent; 
and 
‘‘(2) if described in subsection (a)(5), shall not 
exceed 100 percent. 
‘‘(c) SOLICITATION
OF APPLICATIONS.—Not later 
than 60 days after a date on which funds are made avail-
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able to carry out this section, the Secretary shall solicit 
applications for assistance under this section.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
in section 1(b), as amended by this Act, is further amend-
ed by striking the item relating to section 218 and insert-
ing the following: 
‘‘Sec. 218. Sustainable economic development demonstration program.’’. 
SEC. 208. JOB CREATION GOALS. 
(a) IN GENERAL.—Title II (42 U.S.C. 3141 et seq.), 
as amended by this Act, is further amended by adding 
at the end the following: 
‘‘SEC. 219. JOB CREATION GOALS. 
‘‘(a) IN GENERAL.—As a condition of the receipt of 
a grant under section 201, 205, or 209 or a loan guar-
antee under section 208, the recipient of the grant or loan 
guarantee shall enter into an agreement with the Sec-
retary that establishes goals for the number of jobs to be 
created as a result of the projects and activities funded 
by the grant or loan guarantee. 
‘‘(b) COMPLIANCE WITH GOALS.—The Secretary 
may take appropriate action to penalize a grant recipient 
who fails to satisfy job creation goals specified in an agree-
ment under subsection (a).’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
in section 1(b), as amended by this Act, is further amend-
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ed by inserting after the item relating to section 218 the 
following: 
‘‘Sec. 219. Job creation goals.’’. 
SEC. 209. PROHIBITION WITH RESPECT TO USE OF ASSIST-
ANCE. 
(a) IN GENERAL.—Title II (42 U.S.C. 3141 et seq.), 
as amended by this Act, is further amended by adding 
at the end the following: 
‘‘SEC. 220. PROHIBITION WITH RESPECT TO USE OF ASSIST-
ANCE. 
‘‘The Secretary shall ensure that a recipient of assist-
ance under this Act does not utilize the assistance for ac-
tivities to intentionally attract, to the location of the re-
cipient, a business or other source of employment already 
established elsewhere in the United States, if the reloca-
tion would adversely affect the location where the business 
or other source of employment was previously located.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
in section 1(b), as amended by this Act, is further amend-
ed by inserting after the item relating to section 219 the 
following: 
‘‘Sec. 220. Prohibition with respect to use of assistance.’’. 
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TITLE 
III—ELIGIBILITY; 
COM-
PREHENSIVE ECONOMIC DE-
VELOPMENT STRATEGIES 
SEC. 301. ELIGIBILITY OF AREAS. 
Section 301 (42 U.S.C. 3161) is amended by adding 
at the end the following: 
‘‘(e) SPECIAL NEED.—In determining whether an 
area has experienced or is about to experience a special 
need for purposes of subsection (a)(3), the Secretary may 
consider whether the area has been affected by— 
‘‘(1) the loss of a substantial employer; 
‘‘(2) substantial outmigration or population 
loss; 
‘‘(3) substantial foreclosure rates; 
‘‘(4) substantial underemployment; 
‘‘(5) military base or defense installation clo-
sure, realignment, or mission growth; 
‘‘(6) a natural or other disaster or emergency; 
‘‘(7) substantial natural resource depletion; 
‘‘(8) substantial negative effects resulting from 
changing trade patterns; or 
‘‘(9) other circumstances that the Secretary de-
termines are indicative of special or extraordinary 
unemployment or economic adjustment problems.’’. 
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SEC. 302. COMPREHENSIVE ECONOMIC DEVELOPMENT 
STRATEGIES. 
(a) IN
GENERAL.—Section 302(a) (42 U.S.C. 
3162(a)) is amended— 
(1) in paragraph (1) by inserting after ‘‘prob-
lems’’ the following: ‘‘and opportunities’’; 
(2) in paragraph (2) by inserting after ‘‘pri-
vate’’ the following: ‘‘(including nonprofit organiza-
tion)’’; and 
(3) in paragraph (3)— 
(A) in subparagraph (A)— 
(i) by striking ‘‘economic problems’’ 
and inserting ‘‘economic development prob-
lems and opportunities’’; 
(ii) by inserting after ‘‘strategy, pro-
motes the’’ the following: ‘‘effective’’; and 
(iii) by striking ‘‘balances’’ and insert-
ing ‘‘optimizes’’; and 
(B) in subparagraph (B) by inserting after 
‘‘the problems’’ the following: ‘‘and take advan-
tage of the opportunities’’. 
(b) APPROVAL OF OTHER PLAN.—Section 302(c) (42 
U.S.C. 3162(c)) is amended— 
(1) in paragraph (1) by inserting after ‘‘feder-
ally supported program’’ the following: ‘‘or under a 
State, regionally, or locally supported program’’; and 
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(2) in paragraph (2) by striking ‘‘paragraph’’ 
and inserting ‘‘subsection’’. 
(c) NOTIFICATION OF APPROVAL OR DISAPPROVAL 
OF COMPREHENSIVE ECONOMIC DEVELOPMENT STRAT-
EGY OR OTHER PLAN.—Section 302 (42 U.S.C. 3162) is 
amended by adding at the end the following: 
‘‘(d) NOTIFICATION OF APPROVAL OR DISAPPROVAL 
OF COMPREHENSIVE ECONOMIC DEVELOPMENT STRAT-
EGY OR OTHER PLAN.— 
‘‘(1) DEADLINE.—The Secretary shall notify an 
eligible recipient of the approval or disapproval of a 
comprehensive economic development strategy or 
other plan submitted under this section not later 
than 60 days after the date of receiving the strategy 
or plan. 
‘‘(2) BASIS FOR DISAPPROVAL.—A notification 
of disapproval under this subsection shall include a 
description of the basis for the disapproval.’’. 
TITLE IV—ECONOMIC 
DEVELOPMENT DISTRICTS 
SEC. 401. DESIGNATION OF ECONOMIC DEVELOPMENT DIS-
TRICTS. 
(a) IN
GENERAL.—Section 401(a) (42 U.S.C. 
3171(a)) is amended in the matter preceding paragraph 
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(1) by striking ‘‘broad geographic’’ and inserting ‘‘na-
tional and regional’’. 
(b) OPERATIONS.—Section 401 (42 U.S.C. 3171) is 
amended by adding at the end the following: 
‘‘(c) OPERATIONS.— 
‘‘(1) IN GENERAL.—As a condition of maintain-
ing designation as an economic development district, 
each district shall engage in the full range of eco-
nomic development activities in the comprehensive 
economic development strategy of the district that 
has been approved by the Secretary, which may in-
clude— 
‘‘(A) coordinating and implementing eco-
nomic development activities in the district; 
‘‘(B) carrying out economic development 
research, planning, implementation, and advi-
sory functions identified in the comprehensive 
economic development strategy; and 
‘‘(C) coordinating the development and im-
plementation of the comprehensive economic de-
velopment strategy with Federal, State, local, 
and private organizations. 
‘‘(2) CONTRACTS.—An economic development 
district may enter into contracts for services to carry 
out the activities described in paragraph (1).’’. 
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SEC. 402. TERMINATION OR MODIFICATION OF ECONOMIC 
DEVELOPMENT DISTRICTS. 
Section 402 (42 U.S.C. 3172) is amended by adding 
at the end the following: ‘‘The standards shall include au-
thority for the Secretary to review, at the request of a 
district, district designations to evaluate whether the des-
ignations meet economic development and labor force 
needs and, when warranted, to approve the combination 
of districts and adjust applicable assistance levels for the 
resulting combination.’’. 
TITLE V—ADMINISTRATION 
SEC. 501. CONSULTATION WITH OTHER PERSONS AND 
AGENCIES. 
Section 503(a) (42 U.S.C. 3193(a)) is amended by 
striking ‘‘or underemployment’’ and inserting ‘‘, under-
employment, or outmigration’’. 
SEC. 502. PERFORMANCE EVALUATIONS OF GRANT RECIPI-
ENTS. 
(a) PURPOSE OF EVALUATIONS OF UNIVERSITY CEN-
TERS.—Section 506(b) (42 U.S.C. 3196(b)) is amended 
by striking ‘‘are worthy of’’ and all that follows through 
the period at the end and inserting ‘‘maintain the capacity 
to implement the priorities of the Secretary.’’. 
(b) TIMING OF EVALUATIONS.—Section 506(c) (42 
U.S.C. 3196(c)) is amended to read as follows: 
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‘‘(c) TIMING OF EVALUATIONS.—Evaluations under 
subsection (a) shall be conducted on a continuing basis 
so that— 
‘‘(1) with respect to economic development dis-
tricts, each grantee is evaluated within 3 years after 
the first award of assistance to the grantee and at 
least once every 3 years thereafter, so long as the 
grantee receives the assistance; and 
‘‘(2) with respect to university centers, each 
grantee is evaluated within 5 years after the first 
award of assistance to the grantee and at least once 
every 5 years thereafter, so long as the grantee re-
ceives the assistance.’’. 
(c) EVALUATION CRITERIA FOR UNIVERSITY CEN-
TERS.—Section 506(d)(2) (42 U.S.C. 3196(d)(2)) is 
amended to read as follows: 
‘‘(2) EVALUATION CRITERIA FOR UNIVERSITY 
CENTERS.—The criteria for evaluation of a univer-
sity center shall provide, at a minimum, for an as-
sessment of— 
‘‘(A) the center’s contribution to providing 
technical assistance, conducting applied re-
search, and disseminating the results of the ac-
tivities of the center; 
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(b) CLERICAL AMENDMENT.—The table of contents 
in section 1(b), as amended by this Act, is further amend-
ed by inserting after the item relating to section 507 the 
following: 
‘‘Sec. 508. Economic development representatives.’’. 
SEC. 504. LIMITATION ON CERTAIN POSITIONS. 
(a) IN GENERAL.—Title V (42 U.S.C. 3191 et seq.), 
as amended by this Act, is further amended by adding 
at the end the following: 
‘‘SEC. 509. LIMITATION ON CERTAIN POSITIONS. 
‘‘Beginning in fiscal year 2012, the number of posi-
tions in the Economic Development Administration that, 
for purposes of title 5, United States Code, are general 
positions (as defined by section 3132(a)(9) of such title) 
which may be filled only by a noncareer appointee (as de-
fined by section 3132(a)(7) of such title) shall be limited 
to 5.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
in section 1(b), as amended by this Act, is further amend-
ed by inserting after the item relating to section 508 the 
following: 
‘‘Sec. 509. Limitation on certain positions.’’. 
TITLE VI—MISCELLANEOUS 
SEC. 601. ANNUAL REPORT TO CONGRESS. 
Section 603(b) (42 U.S.C. 3213(b)) is amended— 
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(1) in paragraph (2)(B) by striking ‘‘and’’ at 
the end; 
(2) in paragraph (3) by striking the period at 
the end and inserting a semicolon; and 
(3) by adding at the end the following: 
‘‘(4) with respect to each university center as-
sisted with funding under this Act, include— 
‘‘(A) a specification of the activities of the 
university center; 
‘‘(B) a specification of the recipients of 
technical assistance from the university center; 
and 
‘‘(C) a specification of the outcomes result-
ing from the job creation, research, and tech-
nical assistance activities of the university cen-
ter; and 
‘‘(5) specify the projects, and the funding pro-
vided for the projects, that were funded in conjunc-
tion with one or more of the regional commissions.’’. 
SEC. 602. MAINTENANCE OF EFFORT. 
(a) IN GENERAL.—Title VI (42 U.S.C. 3211 et seq.) 
is amended by adding at the end the following: 
‘‘SEC. 613. MAINTENANCE OF EFFORT. 
‘‘(a) EXPECTED PERIOD OF BEST EFFORTS.— 
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‘‘(1) ESTABLISHMENT.—To carry out the pur-
poses of this Act, before providing investment assist-
ance for a construction project under this Act, the 
Secretary shall establish the expected period during 
which the recipient of the assistance shall make best 
efforts to achieve the economic development objec-
tives of the assistance. 
‘‘(2) TREATMENT
OF
PROPERTY.—To obtain 
the best efforts of a recipient during the period es-
tablished under paragraph (1), during that period— 
‘‘(A) any property that is acquired or im-
proved, in whole or in part, using investment 
assistance under this Act shall be held in trust 
by the recipient for the benefit of the project; 
and 
‘‘(B) the Secretary shall retain an undi-
vided equitable reversionary interest in the 
property. 
‘‘(3) TERMINATION OF FEDERAL INTEREST.— 
‘‘(A) IN GENERAL.—Beginning on the date 
on which the Secretary determines that a recipi-
ent has fulfilled the obligations of the recipient 
for the applicable period under paragraph (1), 
taking into consideration the economic condi-
tions existing during that period, the Secretary 
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may terminate the reversionary interest of the 
Secretary in any applicable property under 
paragraph (2)(B). 
‘‘(B) ALTERNATIVE
METHOD
OF
TERMI-
NATION.— 
‘‘(i) IN GENERAL.—On a determina-
tion by a recipient that the economic devel-
opment needs of the recipient have 
changed during the period beginning on 
the date on which investment assistance 
for a construction project is provided 
under this Act and ending on the expira-
tion of the expected period established for 
the project under paragraph (1), the re-
cipient may submit to the Secretary a re-
quest to terminate the reversionary inter-
est of the Secretary in property of the 
project under paragraph (2)(B) before the 
date described in subparagraph (A). 
‘‘(ii) APPROVAL.—The Secretary may 
approve a request of a recipient under 
clause (i) if— 
‘‘(I) in any case in which the re-
quest is submitted during the 10-year 
period beginning on the date on which 
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assistance is initially provided under 
this Act for the applicable project, the 
recipient repays to the Secretary an 
amount equal to 100 percent of the 
fair market value of the pro rata Fed-
eral share of the project; or 
‘‘(II) in any case in which the re-
quest is submitted after the expiration 
of the 10-year period described in sub-
clause (I), the recipient repays to the 
Secretary an amount equal to the fair 
market value of the pro rata Federal 
share of the project as if that value 
had been amortized over the period 
established 
under 
paragraph 
(1), 
based on a straight-line depreciation 
of the project throughout the esti-
mated useful life of the project. 
‘‘(b) TERMS AND CONDITIONS.— 
‘‘(1) IN GENERAL.—The Secretary may estab-
lish such terms and conditions under this section as 
the Secretary determines to be appropriate, includ-
ing by extending the period of a reversionary inter-
est of the Secretary under subsection (a)(2)(B) in 
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any case in which the Secretary determines that the 
performance of a recipient is unsatisfactory. 
‘‘(2) MAINTENANCE OF STANDARDS.—The Sec-
retary may not terminate a reversionary interest of 
the Secretary under subsection (a)(2)(B) if the Sec-
retary has not received adequate assurances that the 
applicable recipient will continue to satisfy the re-
quirements of section 602 after the termination. 
‘‘(c) PREVIOUSLY EXTENDED ASSISTANCE.—With 
respect to any recipient to which the term of provision of 
assistance was extended under this Act before the date 
of enactment of this section, the Secretary may approve 
a request of the recipient under subsection (a) in accord-
ance with the requirements of this section to ensure uni-
form administration of this Act, notwithstanding any esti-
mated useful life period that otherwise relates to the as-
sistance. 
‘‘(d) CONVERSION OF USE.—If a recipient of assist-
ance under this Act demonstrates to the Secretary that 
the intended use of the project for which assistance was 
provided under this Act no longer represents the best use 
of the property used for the project, the Secretary may 
approve a request by the recipient to convert the property 
to a different use for the remainder of the term of the 
Federal interest in the property, subject to the condition 
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that the new use shall be consistent with the purposes of 
this Act. 
‘‘(e) STATUS OF AUTHORITY.—The authority of the 
Secretary under this section is in addition to any authority 
of the Secretary pursuant to any law or grant agreement 
in effect on the date of enactment of this section.’’. 
(b) CLERICAL AMENDMENT.—The table of contents 
in section 1(b), as amended by this Act, is further amend-
ed by inserting after the item relating to section 612 the 
following: 
‘‘Sec. 613. Maintenance of effort.’’. 
TITLE VII—FUNDING 
SEC. 701. GENERAL AUTHORIZATION OF APPROPRIATIONS. 
(a) ECONOMIC DEVELOPMENT ASSISTANCE PRO-
GRAMS.—Section 701(a) (42 U.S.C. 3231(a)) is amended 
by striking ‘‘until expended’’ and all that follows through 
the period at the end and inserting the following: ‘‘until 
expended, $500,000,000 for each of fiscal years 2011 
through 2015.’’. 
(b) SALARIES AND EXPENSES.—Section 701(b) (42 
U.S.C. 3231(b)) is amended by striking paragraphs (1) 
and (2) and inserting the following: 
‘‘(1) $42,000,000 for fiscal year 2011; and 
‘‘(2) such sums as are necessary for each fiscal 
year thereafter.’’. 
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