[Congressional Bills 108th Congress]
[From the U.S. Government Publishing Office]
[S. 586 Introduced in Senate (IS)]
108th CONGRESS
1st Session
S. 586
To provide additional funding for the second round of empowerment zones
and enterprise communities.
_______________________________________________________________________
IN THE SENATE OF THE UNITED STATES
March 11, 2003
Mr. Corzine introduced the following bill; which was read twice and
referred to the Committee on Finance
_______________________________________________________________________
A BILL
To provide additional funding for the second round of empowerment zones
and enterprise communities.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the ``Round II EZ/EC Flexibility Act of
2003''.
SEC. 2. CORRECTION OF INEQUITIES IN THE SECOND ROUND OF EMPOWERMENT
ZONES AND ENTERPRISE COMMUNITIES.
(a) Grant Authority.--There are authorized to be appropriated--
(1) to the Secretary of Housing and Urban Development, such
sums as may be necessary to make grant awards totaling
$100,000,000 to each of 15 urban empowerment zones designated
pursuant to section 1391(g) of the Internal Revenue Code of
1986, taking into account any amount made available pursuant to
any prior appropriation made for such zones; and
(2) to the Secretary of Agriculture, such sums as may be
necessary to make--
(A) grant awards totaling $40,000,000 to each of 5
rural empowerment zones designated pursuant to section
1391(g) of the Internal Revenue Code of 1986, taking
into account any amount made available pursuant to any
prior appropriation made for such zones; and
(B) grant awards totaling $3,000,000 to each of 20
rural enterprise communities designated pursuant to
section 766 of the Agriculture, Rural Development, Food
and Drug Administration, and Related Agencies
Appropriations Act, 1999, taking into account any
amount made available pursuant to any prior
appropriation made for such communities.
(b) Authority To Use Funds To Implement Strategic Plan.--Funds
appropriated under Federal law for an empowerment zone or an enterprise
community referred to in subsection (a) may be used to implement the
strategic plan for the zone or community, including--
(1) economic development;
(2) infrastructure development;
(3) workforce development; and
(4) community development activities.
(c) No Loss of Federal Funds by Reason of Reclassification as
Renewal Community.--An area that, by reason of section 1400E(e) of the
Internal Revenue Code of 1986, ceases to be designated as an
empowerment zone or enterprise community under section 1391(g) of such
Code shall not lose any Federal funds by reason of the cessation.
(d) Authority To Use Funds To Pay Non-Federal Share of Matching
Grants.--Funds appropriated under any Federal law for an empowerment
zone or an enterprise community referred to in subsection (a) may be
used to pay the non-Federal share required in connection with another
Federal grant-in-aid program undertaken as part of activities assisted
under this section.
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