US Code

Public Law 119-73 (01/23/2026)

34 U.S.C. § 12186

Program priority for special emphasis programs

(a)

In general

The Secretary shall give priority in providing lines of credit under this subpart to community development corporations that propose to undertake economic development activities in distressed communities that target women, Native Americans, at risk youth, farmworkers, population-losing communities, very low-income communities, single mothers, veterans, and refugees; or that expand employee ownership of private enterprises and small businesses, and to programs providing loans of not more than $35,000 to very small business enterprises.

(b)

Reservation of funds

1

1 See References in Text note below.
Not less than 5 percent of the amounts made available under section 31112(a)(2)(A)  may be reserved to carry out the activities described in subsection (a).

Pub. L. 103–322, title III, § 31116108 Stat. 1885(, , .)

Editorial Notes

References in Text

section 31132(b)(1) of Pub. L. 103–322108 Stat. 1888section 13852 of Title 42Section 31112(a)(2)(A), referred to in subsec. (b), probably should be a reference to , title III, , , which authorized appropriations under this part and was formerly classified to , The Public Health and Welfare, prior to being omitted from the Code as obsolete.

Codification

section 13826 of Title 42Section was formerly classified to , The Public Health and Welfare, prior to editorial reclassification and renumbering as this section.