Sec. 2. Grants for economic adjustment
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Section 209(c) of the Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3149(c) ) is amended— in paragraph
(4)by striking or at the end; in paragraph
(5)by striking the period at the end and inserting ; or ; and by adding at the end the following: the closure of a local government entity that had an economic development mission and left obligations related to economic development projects unfulfilled when closed. . Section 204(c) of the Public Works and Economic Development Act of 1965 ( 42 U.S.C. 3144(c) ) is amended by adding at the end the following: In the case of a grant provided under section 209, the Secretary may increase the Federal share above the percentage specified in subsection
(a)up to 100 percent of the cost of the applicable project if the Secretary determines that the project assists a community with an economy injured by the closure of a local government entity that had an economic development mission and left obligations related to economic development projects unfulfilled when closed. .
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