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Code · STATUTE-COMPILATIONS · Public Works and Economic Development Act of 1965 · Sec. 217

Sec. 217. DIRECT EXPENDITURE OR REDISTRIBUTION BY RECIPIENT

156 words·~1 min read·/statute-compilations/comps-331/sec-217

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## SEC. 217 DIRECT EXPENDITURE OR REDISTRIBUTION BY RECIPIENT **[**[42 U.S.C. 3154c](/us/usc/t42/s3154c)**]** ###
(a)In General Subject to subsection (b), a recipient of a grant under section 201, 203, or 207 may directly expend the grant funds or may redistribute the funds in the form of a subgrant to other eligible recipients to fund required components of the scope of work approved for the project. ###
(b)Limitation A recipient may not redistribute grant funds received under section 201 or 203 to a for-profit entity. ###
(c)Economic Adjustment Subject to subsection (d), a recipient of a grant under section 209 may directly expend the grant funds or may redistribute the funds to public and private entities in the form of a grant, loan, loan guarantee, payment to reduce interest on a loan guarantee, or other appropriate assistance. ###
(d)Limitation Under subsection (c), a recipient may not provide any grant to a private for-profit entity.
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Sec. 217
DIRECT EXPENDITURE OR REDISTRIBUTION BY RECIPIENT
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