673 



modities. services, or facilities, to employ the efficient 

 capacity of existing competitive commercial or in- 

 dustrial enterprises, unless such financial or other 

 assistance will not have an adverse effect upon exist- 

 ing competitive enterprises in the area. 



(3) No financial or other assistance shall be ex- 

 tended under any provision of sections 1924(b) , 1932, 

 and 1842(b) of this title if the Secretary of Labor 

 certifies within 60 days after the matter has been 

 submitted to him by the Secretary of Agriculture 

 that the provisions of paragraphs (1) and (2) of this 

 subsection have not been complied with. The Secre- 

 tary of Labor shall, in cooperation with the Secre- 

 tary of Agriculture, develop a system of certification 

 which will insure the expeditious processing of re- 

 quests for a«istance under this section. 



(4) No grant or loan authorized to be made under 

 this chapter shall require or be sub.iect to the prior 

 approval of any officer, employee, or agency of any 

 State. 



(5) No loan commitment issued under this sec- 

 tion, section 1924 of this title or section 1942 of this 

 title shall be conditioned upon the applicant invest- 

 ing in excess of 10 per centum in the business or 

 industrial enterprise for which purpose the loan is to 

 be made unless the Secretary determines there are 

 special circumstances which necessitate an equity 

 investment by the applicant greater than 10 per 

 centum. 



(6) No provision of law shall prohibit issuance by 

 the Secretan- of certificates evidencing beneficial 

 ownership in a block of notes insured or guaranteed 

 under this chapter or Title V of the Housing Act of 

 1949; any sale by the Secretary of such certificates 

 shall be treated as a sale of assets for the purposes 

 of the Budget and Accounting Act of 1921. Any se- 

 curity representing beneficial o'n'nership in a block 

 of notes guaranteed or insured under this chapter 

 or Title V of the Hoasing Act of 1949 issued by a 

 private entity shall be exempt from laws admin- 

 istered by the Securities and Exchange Commission, 

 except sections 77q, 77v and 77x of Title 15; how- 

 ever, the Secretary shall require (1) that the issuer 

 place such notes in the custody of an Institution 

 chartered by a Federal or State agency to act as 

 trustee and (li) that the issuer provide such periodic 

 reports of sales as the Secretary deems necessary. 

 (Pub. L. 87-123, title III, § 310 B, as added Pub. L. 

 92-419, title I, § 118(a), Aug. 30, 1972. 86 Stat. 663, 

 and amended Pub. L. 91-524, title Vni, § 817, as 

 added Pub. L. 93-86, § 1(27) (B), Aug. 10, 1973, 87 

 Stat. 241.) 



Amendments 



1973— Subsec. (d)(4) -(6). Pub. L. 91-524, §817, as 

 added by Pub. L. 93-86 added subsec. (d) (4)-(6) . 



2. Basic Water and Sewer Facilities 

 42 U.S.C. 3101-3108 



Sec. 



3101. Congressional declaration of purpose. 



3102. Grants for basic water and sewer facilities. 



(a) Authority to make grants for specific 



projects. 



(b) Maximum amount of grants, 



(c) Project requirements; need for facilities; 



growth needs of area;' coordination of 

 area-wide development. 



(d) Job opportunities for unemployed or under- 



employed persons. 



3103. Grants for neighborhood facilities. 



(a) Authority to make grants for specific proj- 



ects; qualifications of approved nonprofit 

 organizations. 



(b) Maximum amount of grants 



(c) Project requirements; need for facilities; 



comprehensive planning, accessibility to 

 low- or moderate-Income residents. 



(d) Conversion of facility to other uses. 



(e) Priority of projects designed primarily to 



benefit low-Income families or further 

 objectives of community action programs. 



3104. Advance acquisition of land for public purposes. 



(a) Authority to make grants. 



(b) Maximum amount of grants. 



(c) Utilization of land for public purpose within 



reasonable period of time 



(d) Diversion of land; repayment; Interim use. 



(e) Eligibility for other Federal loans or grant 



programs. 



3105. Powers and duties of Secretary. 



3106. Definitions 



3107. Labor standards. 



3108. Authorization of appropriations. 



§ 3101. Congressional declaration of purpose. 



The purpose of this chapter is to assist and en- 

 courage the communities of the Nation fully to meet 

 the needs of their citizens by making it possible. 

 with Federal grant assistance, for their governmen- 

 tal bodies (1) to construct adequate basic water and 

 sewer facilities needed to promote the efficient and 

 orderly growth and development of our communities, 

 (2) to construct neighborhood facilities needed to 

 enable them to carry on programs of necessary 

 social services, and (3) to acquire, in a planned and 

 orderly fashion, land to be utilized in the future 

 for public purposes. (Pub. L. 89-117, title VU, § 701. 

 Aug. 10, 1965, 79 Stat. 489; Pub. L. 90-448, title VI. 

 § 603(a), Aug. 1, 1968, 82 Stat. 533.) 

 Amendments 



1968 — Pub. L. 90-448. substituted "In the future for 

 public purposes" for "In connection with {he future con- 

 struction of public works and facilities In cl. (3). 



§3102, Grants for basic water and sewer facilities, 

 (a) ."Vuthority to make grants for specific projects. 



The Secretary of Housing and Urban Development 

 (hereinafter in this chapter referred to as the 

 "Secretary") Is authorized to make grants to local 

 public bodies and agencies to finance specific proj- 

 ects for basic public water facilities (including works 

 for the storage, treatment, purification, and dls- 



