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A third provision of the Community Renewal Tax Relief Act of 2000 was the establishment of tax incentives for investment or loans provided to small businesses in low-income communities. [2] This tax credit, known as the New Markets Tax Credit Program , is established for investments in community development entities (CDEs).
The bill then states that the purpose of an Area is to provide a dependable source of 25% payments and economic activity for each beneficiary county containing System land that was eligible to receive payments through its state under the Secure Rural Schools and Community Self-Determination Act of 2000. [1] The bill would instruct the Secretary ...
The program has also lowered its income eligibility threshold from 150% of the county’s median area to 120%. In Sacramento County, the income threshold is $180,000.
All U.S. states are automatically eligible for HOME funds, and each receives a minimum of $3 million for the program, while local governments receive a minimum of $500,000 (unless the United States Congress assigns $1.5 billion or less to the program, in which case they receive a minimum of $335,000). [2]
The Community Reinvestment Act (CRA, P.L. 95-128, 91 Stat. 1147, title VIII of the Housing and Community Development Act of 1977, 12 U.S.C. § 2901 et seq.) is a United States federal law designed to encourage commercial banks and savings associations to help meet the needs of borrowers in all segments of their communities, including low- and moderate-income neighborhoods.
The Rural Strategic Investment Program is an investment program established by the 2002 farm bill (P.L. 107-171, Sec. 6030) to fund regional investment boards. The Strategic Investment Program provides grants totaling up to $100 million for rural regional planning and plan implementation.
According to Omotola the bill of sale is "a form of legal mortgage of chattels". Bullen and Leake and Jacobs define a bill of sale as "a document transferring a proprietary interest in personal chattels from one individual (the 'grantor') to another (the 'grantee'), without possession being delivered to the grantee".
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