Section 25C(c) is revised because of the redesignating paragraphs (2) and you may (3) because the sentences (3) and (4), correspondingly, by inserting just after paragraph (1) the next the latest paragraph:
This new Secretary should prescribe laws and regulations around and therefore step 1 or more directed populations (within the concept of point 103(20) of your Riegle People Creativity and you can Regulatory Upgrade Operate off 1994) is addressed just like the accredited reduced-earnings organizations.
In the example of a population census tract discovered in this a good high migration outlying state, condition (i)(II) shall be applied to areas not discovered contained in this a metropolitan city by the substituting 85 % to own 80 % .
To own purposes of that it clause, the phrase high migration rural state mode one county which, into the 20-year several months finish toward year where newest census is held, has actually a websites out-migration out-of society on the county with a minimum of 10 percent of one’s people of condition early in eg months.
Regarding a location that isn’t tracted having people census tracts, very same state departments (once the discussed from the Bureau of one’s Census for reason for identifying impoverishment components) are going to be employed for reason for choosing poverty prices and you will median family earnings
The expression appropriate nominating legislation mode, regarding people empowerment region otherwise organization area, your regional authorities that nominated such as people to own designation not as much as area 1391.
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