Section 15505 - Local development districts and organizations(a) GRANTS TO LOCAL DEVELOPMENT DISTRICTS.-Subject to the requirements of this section, a Commission may make grants to a local development district to assist in the payment of development planning and administrative expenses.(b) CONDITIONS FOR GRANTS.-(1) MAXIMUM AMOUNT.-The amount of a grant awarded under this section may not exceed 80 percent of the administrative and planning expenses of the local development district receiving the grant.(2) MAXIMUM PERIOD FOR STATE AGENCIES.-In the case of a State agency certified as a local development district, a grant may not be awarded to the agency under this section for more than 3 fiscal years.(3) LOCAL SHARE.-The contributions of a local development district for administrative expenses may be in cash or in kind, fairly evaluated, including space, equipment, and services.(c) DUTIES OF LOCAL DEVELOPMENT DISTRICTS.-A local development district shall-(1) operate as a lead organization serving multicounty areas in the region at the local level;(2) assist the Commission in carrying out outreach activities for local governments, community development groups, the business community, and the public;(3) serve as a liaison between State and local governments, nonprofit organizations (including community-based groups and educational institutions), the business community, and citizens; and(4) assist the individuals and entities described in paragraph (3) in identifying, assessing, and facilitating projects and programs to promote the economic development of the region.Added Pub. L. 110-234, title XIV, §14217(a)(2), May 22, 2008, 122 Stat. 1477, and Pub. L. 110-246, §4(a), title XIV, §14217(a)(2), June 18, 2008, 122 Stat. 1664, 2239.EDITORIAL NOTES
CODIFICATION Pub. L. 110-234 and Pub. L. 110-246 enacted identical sections. Pub. L. 110-234 was repealed by section 4(a) of Pub. L. 110-246.
STATUTORY NOTES AND RELATED SUBSIDIARIES
EFFECTIVE DATESection effective on the first day of the first fiscal year beginning after June 18, 2008, see section 14217(d) of Pub. L. 110-246 set out as a note under section 15101 of this title.