1.Short title; table of contents
(a)This Act may be cited as the
Rural Investment to Strengthen our
Economy Act of 2007
or the Rural RISE Act
.
(b)The table of contents for this Act is as
follows:
Sec. 1. Short title;
table of contents.
TITLE I—New financial opportunities for rural
Americans
Sec. 101. Capital loss deduction allowed with respect to sale
or exchange of principal residence in certain rural areas.
Sec. 102. Rural student loan forgiveness.
TITLE II—Access to credit for rural entrepreneurs and
microenterprises
Sec. 201. Rural entrepreneurship and microenterprise
program.
TITLE III—Rural regional investment initiative
Sec. 301. Rural regional investment initiative.
Sec. 302. Rural regional entrepreneurship program.
TITLE IV—Regional skills alliances
Sec. 401. Findings.
Sec. 402. Definition of Secretary.
Subtitle A—Skill grants
Sec. 411. Authorization.
Sec. 412. Use of amounts.
Sec. 413. Requirement of matching funds.
Sec. 414. Limit on administrative expenses.
Sec. 415. Authorization of appropriations.
Subtitle B—Planning grants
Sec. 421. Authorization.
Sec. 422. Application.
Sec. 423. Requirement of matching funds.
Sec. 424. Authorization of appropriations.
TITLE V—Small business jobs tax credit
Sec. 501. Expansion of work opportunity tax credit.
<enum>I</enum><header display-inline="yes-display-inline">New financial opportunities for rural
Americans</header>
<section commented="no" display-inline="no-display-inline" id="ID52482E6565A94B57B1824EC3DC3E6DB7" section-type="subsequent-section"><enum>101.</enum><header display-inline="yes-display-inline">Capital loss deduction allowed with respect
to sale or exchange of principal residence in certain rural areas</header>
<subsection commented="no" display-inline="no-display-inline" id="ID77611763C056430A91E7E5069E1F7D2E"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">Subsection (c) of section 165 of the
Internal Revenue Code of 1986 (relating to limitation on losses of individuals)
is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="IDF875CC5FCA8B402495E9156F4E267838"><enum>(1)</enum><text display-inline="yes-display-inline">by striking <quote>and</quote> at the end
of paragraph (2),</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDC76B337E5DE8495A926F2FF598B75F7F"><enum>(2)</enum><text display-inline="yes-display-inline">by striking the period at the end of
paragraph (3) and inserting <quote>; and</quote>, and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDDA2DF0EDC4F14BA895534CAF33B8BA4A"><enum>(3)</enum><text display-inline="yes-display-inline">by adding at the end the following new
paragraph:</text>
<quoted-block display-inline="no-display-inline" id="ID5AC32F031A9E4991952535AC9D8F1B93" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="ID44700B51CDF94DF8BFAE6084B9CB8AF9"><enum>(4)</enum><text display-inline="yes-display-inline">losses arising from the sale or exchange of
the principal residence (within the meaning of section 121) of the taxpayer,
but only if such principal residence—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id379E5735B51D4D68A8FBB835076E4BA5"><enum>(A)</enum><text display-inline="yes-display-inline">is located in a nonmetropolitan county
which, based on information contained in the 2000 decennial census, has a
population which resides in areas more than 50 percent of which are classified
as rural by the Secretary of Agriculture, and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id12BFB2ABD956433F939B9D0C8F04AA5B"><enum>(B)</enum><text display-inline="yes-display-inline">was acquired by the taxpayer after the date
of the enactment of this
paragraph.</text>
</subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="IDC94D150D4B8A495489D606396AC345E8"><enum>(b)</enum><header display-inline="yes-display-inline">Conforming amendment</header><text display-inline="yes-display-inline">Section 67(b)(3) is amended by striking
<quote>paragraph (2) or (3)</quote> and inserting <quote>paragraph (2), (3), or
(4)</quote>.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="IDB25DA733BC0846DAADE5E2A27DC822E6"><enum>(c)</enum><header display-inline="yes-display-inline">Effective
date</header><text display-inline="yes-display-inline">The amendments made by
this section shall apply to sales and exchanges after the date of the enactment
of this Act, in taxable years ending after such date.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="id7E9EC08B8AA4424E9184BAACA995B9D6" section-type="subsequent-section"><enum>102.</enum><header display-inline="yes-display-inline">Rural student loan forgiveness</header>
<subsection commented="no" display-inline="no-display-inline" id="ID31aed75591ab47b9aae3cb03662a5485"><enum>(a)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this section:</text>
<paragraph commented="no" display-inline="no-display-inline" id="ID6d70865612de4706b3d1f38cb3242d7e"><enum>(1)</enum><header display-inline="yes-display-inline">Degree</header><text display-inline="yes-display-inline">The term <term>degree</term> means an
associate's degree or baccalaureate degree awarded by an institution of higher
education.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDdfa4b071b81443bf932cd4b1a7bbe611"><enum>(2)</enum><header display-inline="yes-display-inline">Eligible borrower</header><text display-inline="yes-display-inline">The term <term>eligible borrower</term>
means any borrower who is not in default on any of the borrower's student loans
under part B, D, or E of title IV of the Higher Education Act of 1965.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDf77c6e2457054360b1aaf49da125a710"><enum>(3)</enum><header display-inline="yes-display-inline">Institution of higher
education</header><text display-inline="yes-display-inline">The term
<term>institution of higher education</term> has the meaning given the term in
section 101 of the Higher Education Act of 1965 (20 U.S.C. 1001).</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID67ccf91a48eb4da1a4cbcae6c38c6336"><enum>(4)</enum><header display-inline="yes-display-inline">Eligible area</header><text display-inline="yes-display-inline">The term <term>eligible area</term> means a
nonmetropolitan county that, based on information contained in the 2000
decennial census, has a population that resides in areas more than 50 percent
of which are classified as rural by the Secretary of Agriculture.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID5704ff9e323e452ebabb196667b353f0"><enum>(5)</enum><header display-inline="yes-display-inline">Secretary</header><text display-inline="yes-display-inline">The term <term>Secretary</term> means the
Secretary of Education.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID831eb10bb8f44a2f9d735f1bc29273cc"><enum>(b)</enum><header display-inline="yes-display-inline">Program</header>
<paragraph commented="no" display-inline="no-display-inline" id="ID3b14b0675624460ca0dd8a0c5a790838"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Secretary shall carry out a program of
assuming or cancelling the obligation to repay, pursuant to subsection (c), a
loan made, insured, or guaranteed under part B, D, or E of title IV of the
Higher Education Act of 1965 (20 U.S.C. 1071 et seq., 20 U.S.C. 1087a et seq.,
20 U.S.C. 1087aa et seq.), excluding loans made under section 428B of such Act
or comparable loans made under part D of such Act, for any borrower who—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID44b558f29077432aba2c770ff4e53892"><enum>(A)</enum><text display-inline="yes-display-inline">obtains a degree;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDa41efd83a03545d2bc6ba2215cd32293"><enum>(B)</enum><text display-inline="yes-display-inline">resides in an eligible area; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID1df30c8b4b4a476b9e213699ef87d2a9"><enum>(C)</enum><text display-inline="yes-display-inline">is employed in an eligible area.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDc4a4a60aa57a44259ccab81100355342"><enum>(2)</enum><header display-inline="yes-display-inline">Regulations</header><text display-inline="yes-display-inline">The Secretary is authorized to prescribe
such regulations as may be necessary to carry out the provisions of this
section.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID582de8aa3138470ca17866db3f66d364"><enum>(c)</enum><header display-inline="yes-display-inline">Loan repayment or cancellation</header>
<paragraph commented="no" display-inline="no-display-inline" id="ID904c7e51c7f443d6853640f0fd513371"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Secretary shall assume or cancel the
obligation to repay, after each of the first 5 years of the residency and
employment described in subparagraphs (B) and (C) of subsection (b)(1) that
occur after the date of enactment of this Act, 10 percent of the total amount
of all loans made to a student under the provisions of title IV of the Higher
Education Act of 1965 as described in subsection (b)(1), up to a maximum amount
of $2,000 each year.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDff245cb42af64c319d850528dd5eadb0"><enum>(2)</enum><header display-inline="yes-display-inline">Construction</header><text display-inline="yes-display-inline">Nothing in this section shall be construed
to authorize the refunding of any repayment of a loan made, insured, or
guaranteed under part B, D, or E of title IV of the Higher Education Act of
1965.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID797f0fd3de4d417fb4afb058273fcafd"><enum>(3)</enum><header display-inline="yes-display-inline">Interest</header><text display-inline="yes-display-inline">If a portion of a loan is repaid or
cancelled by the Secretary under this section for any year, the proportionate
amount of interest on such loan that accrues for such year shall be repaid or
cancelled by the Secretary so long as the total amount repaid or cancelled by
the Secretary in any 1 year does not exceed $2,000.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID3da6e692189c47528ec73570f8bfdc62"><enum>(d)</enum><header display-inline="yes-display-inline">Repayment to eligible lenders</header><text display-inline="yes-display-inline">The Secretary shall pay to each eligible
lender or holder for each fiscal year an amount equal to the aggregate amount
of loans which are subject to repayment pursuant to this section for such
year.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="ID39c15cb8a83c4a6c909379e192eff355"><enum>(e)</enum><header display-inline="yes-display-inline">Application for repayment or
cancellation</header>
<paragraph commented="no" display-inline="no-display-inline" id="ID2e1d32d9500941739fb2184adfb091a6"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">An eligible borrower desiring loan
repayment or cancellation under this section shall submit a complete and
accurate application to the Secretary at such time, in such manner, and
containing such information as the Secretary may require.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDf3648ee0b3e04b90a596c7c5a88f0942"><enum>(2)</enum><header display-inline="yes-display-inline">Conditions</header><text display-inline="yes-display-inline">An eligible borrower may apply for loan
repayment or cancellation under this section after completing each year of
qualifying residency and employment. The eligible borrower shall receive
forbearance while engaged in qualifying residency and employment unless the
borrower is in deferment while so engaged.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID8a9574e5dc984146be502e82d52763ec"><enum>(f)</enum><header display-inline="yes-display-inline">Authorization of appropriations</header>
<paragraph commented="no" display-inline="no-display-inline" id="IDab8501b7a2f24d788b01a42cb828f980"><enum>(1)</enum><header display-inline="yes-display-inline">Loan repayment and
cancellation</header><text display-inline="yes-display-inline">There are
authorized to be appropriated to carry out this section such sums as may be
necessary.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDc90b0f8987c34bfd877bada53df749f2"><enum>(2)</enum><header display-inline="yes-display-inline">Perkins loan funds</header><text display-inline="yes-display-inline">There are authorized to be appropriated
such sums as may be necessary for Federal capital contributions to student loan
funds established under part E of title IV of the Higher Education Act of
1965.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID802b686b17844238b977f8f6e571fe59"><enum>(g)</enum><header display-inline="yes-display-inline">Repayment or cancellation excluded from
gross income</header><text display-inline="yes-display-inline">Section
108(f)(1) of the Internal Revenue Code of 1986 (relating to student loans) is
amended by inserting <quote>or pursuant to section 102 of the
<short-title>Rural Investment to Strengthen our Economy
Act of 2007</short-title></quote> after <quote>employers</quote>.</text>
</subsection></section><enum>II</enum><header display-inline="yes-display-inline">Access to credit for rural entrepreneurs
and microenterprises</header>
<section commented="no" display-inline="no-display-inline" id="id8D5A8C9F1E5249C493D5B65C966B4D2C" section-type="subsequent-section"><enum>201.</enum><header display-inline="yes-display-inline">Rural entrepreneurship and microenterprise
program</header><text display-inline="no-display-inline">Subtitle D of the
Consolidated Farm and Rural Development Act is amended by inserting after
section 364 (7 U.S.C. 2006f) the following:</text>
<quoted-block display-inline="no-display-inline" id="id4F0C81E5B88346D59EA25549AA805323" style="OLC">
<section commented="no" display-inline="no-display-inline" id="IDf9ddc5052c0e40b7b26f8fdbcd3ec567" section-type="subsequent-section"><enum>365.</enum><header display-inline="yes-display-inline">Rural entrepreneurship and microenterprise
program</header>
<subsection commented="no" display-inline="no-display-inline" id="id7A79EF112EA04508811952D47E12BB81"><enum>(a)</enum><header display-inline="yes-display-inline">Definitions</header><text display-inline="yes-display-inline">In this section:</text>
<paragraph commented="no" display-inline="no-display-inline" id="ID67f223d89fa547f29d3330368bf492dd"><enum>(1)</enum><header display-inline="yes-display-inline">Economically disadvantaged
microentrepreneur</header><text display-inline="yes-display-inline">The term
<term>economically disadvantaged microentrepreneur</term> means an owner,
majority owner, or developer of a microenterprise in an eligible area that has
the ability to compete in the private sector but has been impaired due to
diminished capital and credit opportunities, as compared to other
microentrepreneurs in the industry.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id5CCE9BDDD44147FE9E70B671B8E8C279"><enum>(2)</enum><header display-inline="yes-display-inline">Eligible area</header><text display-inline="yes-display-inline">The term <term>eligible area</term> means a
nonmetropolitan county that, based on information contained in the 2000
decennial census, has a population that resides in areas more than 50 percent
of which are classified as rural by the Secretary.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID0e9b421f65a8496289bf800acffd15ee"><enum>(3)</enum><header display-inline="yes-display-inline">Indian tribe</header><text display-inline="yes-display-inline">The term <term>Indian tribe</term> has the
meaning given the term in section 4 of the Indian Self-Determination and
Education Assistance Act (25 U.S.C. 450b).</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID90c063879fb342ac873787207e8c9bc4"><enum>(4)</enum><header display-inline="yes-display-inline">Intermediary</header><text display-inline="yes-display-inline">The term <term>intermediary</term> means an
entity that—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id7B41C2F09395401D875B5D6B1A3F03A8"><enum>(A)</enum><text display-inline="yes-display-inline">makes and services microloans to eligible
small business concerns; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idD95AD0D7AC36489BB8B824E52619F191"><enum>(B)</enum><text display-inline="yes-display-inline">provides marketing, management, and
technical assistance to borrowers, including—</text>
<clause commented="no" display-inline="no-display-inline" id="IDb878766c15004153b6ba7638156fe825"><enum>(i)</enum><text display-inline="yes-display-inline">a microenterprise development organization
or program;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="IDd47280dd0d7e4a7a9019803f4ed88904"><enum>(ii)</enum><text display-inline="yes-display-inline">a private, nonprofit community development
corporation;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="ID89289ba4b1074923b38fa39826356b6b"><enum>(iii)</enum><text display-inline="yes-display-inline">a consortium of private, nonprofit
community development corporations or other entities;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="ID415c2d0450e542c387134d967fb30d24"><enum>(iv)</enum><text display-inline="yes-display-inline">a quasi-governmental economic development
entity, other than a State, county, municipal government, or any agency of a
State, county, or municipal government; or</text>
</clause><clause commented="no" display-inline="no-display-inline" id="ID6dd8a7ab97ff4628bda7998b01d78afd"><enum>(v)</enum><text display-inline="yes-display-inline">an agency of, or a nonprofit entity
established by, a tribal government.</text>
</clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID7a35a61477834d668a2091b64cb38e8f"><enum>(5)</enum><header display-inline="yes-display-inline">Low-income individual</header><text display-inline="yes-display-inline">The term <term>low-income individual</term>
means an individual with an income (adjusted for family size) of not more than
the greater of—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="IDd531536b0bde4e3fb255c42f70d5bb00"><enum>(A)</enum><text display-inline="yes-display-inline">80 percent of median income of an area;
or</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID3af126a83b5f42dab57f45cff4593847"><enum>(B)</enum><text display-inline="yes-display-inline">80 percent of the statewide nonmetropolitan
area median income.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDc57c9ddf3c3946bfbfa23c64b89b1e64"><enum>(6)</enum><header display-inline="yes-display-inline">Microcredit</header><text display-inline="yes-display-inline">The term <term>microcredit</term> means a
business loan or loan guarantee of not more than $50,000 provided to a rural
entrepreneur.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID74a88ca7afc4407d86bb53d01023393f"><enum>(7)</enum><header display-inline="yes-display-inline">Microenterprise</header><text display-inline="yes-display-inline">The term <term>microenterprise</term> means
a sole proprietorship, joint enterprise, limited liability company,
partnership, corporation, or cooperative that—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="IDe94ec5e257804f3388f826ddc62c77f3"><enum>(A)</enum><text display-inline="yes-display-inline">has 5 or fewer employees; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID8135a020dc504a5b8489dd4375933b5e"><enum>(B)</enum><text display-inline="yes-display-inline">is unable to obtain sufficient credit,
equity, or banking services elsewhere, as determined by the Secretary.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDde7c9de8d6ad4962ab9a0a4b0ce17631"><enum>(8)</enum><header display-inline="yes-display-inline">Microenterprise development
organization</header>
<subparagraph commented="no" display-inline="no-display-inline" id="ID3deec5e0e4214261b08633f406699b40"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The term <term>microenterprise development
organization</term> means a nonprofit entity that provides training and
technical assistance to rural entrepreneurs and access to capital or another
service described in subsection (b) to rural entrepreneurs.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID65118f556ce2470e948cdc64574ea355"><enum>(B)</enum><header display-inline="yes-display-inline">Inclusions</header><text display-inline="yes-display-inline">The term <term>microenterprise development
organization</term> includes an organization described in subparagraph (A) with
a demonstrated record of delivering services to economically disadvantaged
microentrepreneurs.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID101e269682294350b14abcfaa28d2cca"><enum>(9)</enum><header display-inline="yes-display-inline">Microenterprise development
program</header><text display-inline="yes-display-inline">The term
<term>microenterprise development organization</term> means a program
administered by a organization serving an eligible area.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDee93758390094c6d8ee896e894712bb3"><enum>(10)</enum><header display-inline="yes-display-inline">Microentrepreneur</header><text display-inline="yes-display-inline">The term <term>microentrepreneur</term>
means the owner, operator, or developer of a microenterprise.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID7bc6d79b42d949a6a3d63a7595be5ef0"><enum>(11)</enum><header display-inline="yes-display-inline">Program</header><text display-inline="yes-display-inline">The term <term>program</term> means the
rural entrepreneur and microenterprise program established under subsection
(b)(1).</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID24a14b8b9b8748828416c690a92ba94c"><enum>(12)</enum><header display-inline="yes-display-inline">Qualified organization</header><text display-inline="yes-display-inline">The term <term>qualified
organization</term> means—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID20d6837257b7451891adc1e962e6002a"><enum>(A)</enum><text display-inline="yes-display-inline">a microenterprise development organization
or microenterprise development program that has a demonstrated record of
delivering microenterprise services to rural entrepreneurs, as demonstrated by
the development of an effective plan of action and the possession of necessary
resources to deliver microenterprise services to rural entrepreneurs
effectively, as determined by the Secretary;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID93e2a363eb874bfb88be6dc2bce3eb5d"><enum>(B)</enum><text display-inline="yes-display-inline">an intermediary that has a demonstrated
record of delivery assistance to microenterprise development organizations or
microenterprise development programs;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID9d1288dfb1d34251af706c5c3374ca91"><enum>(C)</enum><text display-inline="yes-display-inline">a microenterprise development organization
or microenterprise development program that—</text>
<clause commented="no" display-inline="no-display-inline" id="ID0856da8c258046c09ab3f43564e1f5bf"><enum>(i)</enum><text display-inline="yes-display-inline">serves rural entrepreneurs; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="ID967a2b583f524f0fb92bcc541f2314fd"><enum>(ii)</enum><text display-inline="yes-display-inline">enters into an agreement with a local
community, in conjunction with a State or local government or Indian tribe, to
provide assistance described in subsection (b);</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID6c9e35f40d3448528656a99c8e0a421c"><enum>(D)</enum><text display-inline="yes-display-inline">an Indian tribe, the tribal government of
which certifies to the Secretary that no microenterprise development
organization or microenterprise development program exists under the
jurisdiction of the Indian tribe;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDa4a3683eb78b420ba3b98df3740d147c"><enum>(E)</enum><text display-inline="yes-display-inline">a group of 2 or more organizations or
Indian tribes described in subparagraph (A), (B), (C), or (D) that agree to act
jointly as a qualified organization under this section; or</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDab2f60c290304d9cafa89609ef356716"><enum>(F)</enum><text display-inline="yes-display-inline">for purposes of subsection (b), an
institution of higher education (as defined in section 101(a) of the
<act-name parsable-cite="HEA65">Higher Education Act of 1965</act-name> (20
U.S.C. 1001(a))).</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID9d7b8eb7163846119463a4999a1fa613"><enum>(13)</enum><header display-inline="yes-display-inline">Rural capacity building
service</header><text display-inline="yes-display-inline">The term <term>rural
capacity building service</term> means a service provided to an organization
that—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="IDd49bbbd5a5294bcfa952fd9e2b102b8e"><enum>(A)</enum><text display-inline="yes-display-inline">is, or is in the process of becoming, a
microenterprise development organization or microenterprise development
program; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID106865389722460fa316ffeca8cb5da2"><enum>(B)</enum><text display-inline="yes-display-inline">serves eligible areas for the purpose of
enhancing the ability of the organization to provide training, technical
assistance, and other related services to rural entrepreneurs.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID2e70c5d563cd4be2b710bca4a4a2cd36"><enum>(14)</enum><header display-inline="yes-display-inline">Rural entrepreneur</header><text display-inline="yes-display-inline">The term <term>rural entrepreneur</term>
means a microentrepreneur, or prospective microentrepreneur—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID8b5a93e20364429287e5f89905019db3"><enum>(A)</enum><text display-inline="yes-display-inline">the principal place of business of which is
in an eligible area; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID3bbef89a9208488287f1903c45f490e1"><enum>(B)</enum><text display-inline="yes-display-inline">that is unable to obtain sufficient
training, technical assistance, or microcredit elsewhere, as determined by the
Secretary.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID9643366aa624454fbc8184fe2c8baad7"><enum>(15)</enum><header display-inline="yes-display-inline">Secretary</header><text display-inline="yes-display-inline">The term <term>Secretary</term> means the
Secretary of Agriculture, acting through the Administrator of the Rural
Business-Cooperative Service.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id7808E8547C1E4A8D8F8ED6D32F1CC175"><enum>(16)</enum><header display-inline="yes-display-inline">Small business concern</header><text display-inline="yes-display-inline">The term <term>small business
concern</term> has the meaning given the term in section 3 of the
<act-name parsable-cite="SBA">Small Business Act</act-name> (15 U.S.C.
632).</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDf69ac528213d440f85484c59abdb83a6"><enum>(17)</enum><header display-inline="yes-display-inline">Training and technical and financial
assistance</header>
<subparagraph commented="no" display-inline="no-display-inline" id="IDe4cc73d10cf84d128f5b2dba59cd888e"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The term <term>training and technical and
financial assistance</term> means assistance provided to rural entrepreneurs to
develop the skills the rural entrepreneurs need to plan, market, and manage
their own business.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID63ad7a8dcbc541b2820b70c979cdff84"><enum>(B)</enum><header display-inline="yes-display-inline">Inclusions</header><text display-inline="yes-display-inline">The term <term>training and technical and
financial assistance</term> includes assistance provided for the purpose
of—</text>
<clause commented="no" display-inline="no-display-inline" id="IDc29d8cdaeafe41cf820241709d122c78"><enum>(i)</enum><text display-inline="yes-display-inline">enhancing business planning, marketing,
management, or financial management skills; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="IDd8a75666433744348fc76cc22feb801c"><enum>(ii)</enum><text display-inline="yes-display-inline">obtaining microcredit.</text>
</clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID45bb084e4cdb4505a6e11a9b1faa354f"><enum>(18)</enum><header display-inline="yes-display-inline">Tribal government</header><text display-inline="yes-display-inline">The term <term>tribal government</term>
means the governing body of an Indian tribe.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="IDf6482cdad8fd49e3b5ccc5c0d3b11027"><enum>(b)</enum><header display-inline="yes-display-inline">Rural entrepreneur and microenterprise
program</header>
<paragraph commented="no" display-inline="no-display-inline" id="ID029094ae90fd4c17b011e8dec61b06c9"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">From amounts made available under
subsection (h), the Secretary shall establish a rural entrepreneurship and
microenterprise program.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDaffcee826c8d48bda11e4bdc9d0d1a63"><enum>(2)</enum><header display-inline="yes-display-inline">Purposes</header><text display-inline="yes-display-inline">The purposes of the program are—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID1ad8b0c3892a46788fd309cea8c34648"><enum>(A)</enum><text display-inline="yes-display-inline">to make grants to qualified organizations
and intermediaries to be used for marketing, management, and technical
assistance to the target population of the program;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID23e7ede7e47d43a9940b32334e2e3382"><enum>(B)</enum><text display-inline="yes-display-inline">to make grants to assist in researching and
developing the best practices in delivering and evaluating training, technical
assistance, and microcredit programs to rural entrepreneurs;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID4fb4ca56f91143bdbf8166892f5f3d24"><enum>(C)</enum><text display-inline="yes-display-inline">to make direct and guaranteed loans to
qualified organizations and intermediaries for the purpose of making microloans
to low-income individuals and moderate-income individuals in rural areas to
establish and sustain new small business concerns; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDe25679ad5c874962916342a973ade486"><enum>(D)</enum><text display-inline="yes-display-inline">to carry out such other projects and
activities as the Secretary determines are consistent with this section.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID88d0a12cfbfa482eb94e7a7e2a52151d"><enum>(3)</enum><header display-inline="yes-display-inline">Allocation</header><text display-inline="yes-display-inline">From the total amount of funds made
available for a fiscal year to make grants and loans under this section, the
Secretary shall ensure that not less than 50 percent of funds are used to carry
out activities described in subparagraphs (A) and (B) of paragraph (2).</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID96f4c2a700a6436f91f0dd1f9f85c14b"><enum>(c)</enum><header display-inline="yes-display-inline">Grants</header>
<paragraph commented="no" display-inline="no-display-inline" id="ID78141aa050df4245a64e58f5ad446a0f"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">A qualified organization or intermediary
shall be eligible to receive a grant under the program to provide marketing,
management, and technical assistance to small business concerns.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID0794ffea38d7416b9580cd0acaed10cf"><enum>(2)</enum><header display-inline="yes-display-inline">Grant limitations</header><text display-inline="yes-display-inline">No single qualified organization may
receive more than 10 percent of the total funds that are made available for a
fiscal year to carry out this section.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDaa50fe69d8e943febe1a2da69af7877a"><enum>(3)</enum><header display-inline="yes-display-inline">Subgrants</header><text display-inline="yes-display-inline">Subject to such regulations as the
Secretary may promulgate, a qualified organization that receives a grant under
this section may use the grant to provide assistance to other qualified
organizations, including small or emerging qualified organizations.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID676c7b0dd33445de85ffb0d3732de4dc"><enum>(d)</enum><header display-inline="yes-display-inline">Loan administration</header>
<paragraph commented="no" display-inline="no-display-inline" id="ID3733be8230734c94b67b47f5fa2a6edf"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">In carrying out the program, the Secretary
may provide loans to qualified organizations and intermediaries to provide
microcredit to rural entrepreneurs and microenterprises, under such terms and
conditions as the Secretary may prescribe.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDaa7150ba4be749ca891be08397966166"><enum>(2)</enum><header display-inline="yes-display-inline">Loan duration</header><text display-inline="yes-display-inline">Loans made under this paragraph shall be
for a term of 10 years.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDeb643e1990ba4fd2a17f11c10a80fa22"><enum>(3)</enum><header display-inline="yes-display-inline">Application interest rates</header><text display-inline="yes-display-inline">Loans made under this paragraph to a
qualified organization or intermediary shall bear an interest rate equal to 2
percentage points below the rate determined by the Secretary of the Treasury
for obligations of the United States with a period of maturity of 5 years,
adjusted to the nearest one-eighth of 1 percent.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID75c7c42249fa40d4b4f162a691816667"><enum>(e)</enum><header display-inline="yes-display-inline">Administrative expenses</header><text display-inline="yes-display-inline">Not more than 15 percent of the total
amount of assistance received by a qualified organization of intermediary for a
fiscal year under this section may be used for administrative expenses.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="ID1ea162f749a142a48d9389c2cc36a156"><enum>(f)</enum><header display-inline="yes-display-inline">Targeted populations</header><text display-inline="yes-display-inline">In making grants and loans under this
section, the Secretary shall ensure, to the maximum extent practicable,
that—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id789B4A10E7104F22BE05A1A0C1711BEB"><enum>(1)</enum><text display-inline="yes-display-inline">grant and loan recipients include qualified
organizations and intermediaries—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idFF4D66240447420290932A7F33280C09"><enum>(A)</enum><text display-inline="yes-display-inline">of varying sizes; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idE9B8E67DEDFA4D40B2C9BA457DE416F2"><enum>(B)</enum><text display-inline="yes-display-inline">that serve racially, ethnically and
geographically diverse populations, and</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id0C81057C6C1249CFA0E6B629B317A8F3"><enum>(2)</enum><text display-inline="yes-display-inline">not less than 50 percent of the grants and
loans made under this section are used to benefit low-income individuals,
women, or minorities, as identified by the Secretary, including individuals
residing on Indian reservations.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="IDf005d9a903d441ba9c971a33b1f13de2"><enum>(g)</enum><header display-inline="yes-display-inline">Cost share</header>
<paragraph commented="no" display-inline="no-display-inline" id="ID2629b05c8e6d410187cc1041ffabf0cf"><enum>(1)</enum><header display-inline="yes-display-inline">Federal share</header><text display-inline="yes-display-inline">The Federal share of the cost of a project
carried out using funds from a grant under this section shall be 75
percent.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDba567e206a44471780897e340fc15bc2"><enum>(2)</enum><header display-inline="yes-display-inline">Form of non-Federal share</header><text display-inline="yes-display-inline">The non-Federal share of the cost of a
project described in paragraph (1) may be provided—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="IDf5f2398f4f984aeb99ec85fcfc15750b"><enum>(A)</enum><text display-inline="yes-display-inline">by public funds, including funds obtained
through other Federal, State and local fees and grants; or</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID201a57a1e6a94cb387d1bbc51f2b1b75"><enum>(B)</enum><text display-inline="yes-display-inline">by private funds.</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID951e934f75de46fcb4db2ddbc08fda55"><enum>(h)</enum><header display-inline="yes-display-inline">Funding</header><text display-inline="yes-display-inline">There is authorized to be appropriated
$30,000,000 to carry out this
section.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</section><enum>III</enum><header display-inline="yes-display-inline">Rural regional investment
initiative</header>
<section commented="no" display-inline="no-display-inline" id="ID6a1fae5378a54491a4cd34fd4716988e" section-type="subsequent-section"><enum>301.</enum><header display-inline="yes-display-inline">Rural regional investment
initiative</header>
<subsection commented="no" display-inline="no-display-inline" id="idA70929A173A941FCBA01E944B973AB11"><enum>(a)</enum><header display-inline="yes-display-inline">Definition of eligible area</header><text display-inline="yes-display-inline">Section 385B of the Consolidated Farm and
Rural Development Act (7 U.S.C. 2009dd–1) is amended by striking paragraph (3)
and inserting the following:</text>
<quoted-block display-inline="no-display-inline" id="idEE2A88E6392F44EBA14BBC5F48D5047A" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="idEFF3EB0E78194D04B5697D7A11DCA1E5"><enum>(3)</enum><header display-inline="yes-display-inline">Eligible area</header><text display-inline="yes-display-inline">The term <term>eligible area</term> means a
nonmetropolitan county that, based on information contained in the 2000
decennial census, has a population that resides in areas more than 50 percent
of which are classified as rural by the
Secretary.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idDF08284087024FB9A049CB5920A3A870"><enum>(b)</enum><header display-inline="yes-display-inline">Composition of Regional
Boards</header><text display-inline="yes-display-inline">Section 385C(b)(2)(A)
of the Consolidated Farm and Rural Development Act (7 U.S.C. 2009dd–2(b)(2)(A))
is amended by striking clauses (vi) and (vii) and inserting the
following:</text>
<quoted-block display-inline="no-display-inline" id="id03406514890848D68621F361339C2FEE" style="OLC">
<clause commented="no" display-inline="no-display-inline" id="id98447905E55F44DE99B137C927052EB4"><enum>(vi)</enum><text display-inline="yes-display-inline">academic institutions, including community
colleges;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id33A47FE466E24262A54ECAD7237EF505"><enum>(vii)</enum><text display-inline="yes-display-inline">faith-based organizations;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idFFF317216B76497B89D6C90E511B7D1A"><enum>(viii)</enum><text display-inline="yes-display-inline">other entities and organizations, as
determined by the Regional Board; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idC96917C8795C4CA7A04B1D8BD38EC236"><enum>(ix)</enum><text display-inline="yes-display-inline">consortia of entities and organizations
described in clauses (i) through
(viii).</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id16022BB35406480F808AF131379E819E"><enum>(c)</enum><header display-inline="yes-display-inline">Composition of National Board on Rural
America</header><text display-inline="yes-display-inline">Section 385D(b)(1)(A)
of the Consolidated Farm and Rural Development Act (7 U.S.C. 2009dd–3(b)(1)(A))
is amended by striking clauses (iv) through (vii) and inserting the
following:</text>
<quoted-block display-inline="no-display-inline" id="id5D6F22B47FE849D68B0D055A74F616A5" style="OLC">
<clause commented="no" display-inline="no-display-inline" id="id618E5B19590E4EEF832C91F8CDFB62DC"><enum>(iv)</enum><text display-inline="yes-display-inline">representatives of State and local
governments;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idA064DE3CECBF40548DAE7BB5048949B0"><enum>(v)</enum><text display-inline="yes-display-inline">representatives of the rural philanthropic
community;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id2A11AB4AC99A4CF29A2B74D9A33929E9"><enum>(vi)</enum><text display-inline="yes-display-inline">representatives of Indian tribes (as
defined in section 4 of the Indian Self-Determination and Education Assistance
Act (25 U.S.C. 450b));</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id4C69D32309CF4889AA8DC0F0C2148972"><enum>(vii)</enum><text display-inline="yes-display-inline">representatives of nonprofit
organizations;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idEE76B1BF092245868B217C69CFEF1687"><enum>(viii)</enum><text display-inline="yes-display-inline">representatives of academic institutions,
including community colleges; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idD7CAD3A386634A9FB483E8C801EC2326"><enum>(ix)</enum><text display-inline="yes-display-inline">representatives of such other entities or
organizations as the Secretary considers to be
appropriate.</text>
</clause><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="idB6EEB3F309134617ACFBB768CE511626"><enum>(d)</enum><header display-inline="yes-display-inline">Amount of grants</header><text display-inline="yes-display-inline">Section 385E of the Consolidated Farm and
Rural Development Act (7 U.S.C. 2009dd–4) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="id58219CC0AC704EB8B4F703F2C1C834DF"><enum>(1)</enum><text display-inline="yes-display-inline">in subsection (a), by striking
<quote>$100,000,000</quote> and inserting <quote>$200,000,000 each
year</quote>; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id5C293A5043C84740AA8545ECAA4EC83D"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (b)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id16C5268F9CCD42F79590F6D8510BA41D"><enum>(A)</enum><text display-inline="yes-display-inline">in the matter before paragraph (1), by
inserting <quote>each year</quote> after <quote>shall use</quote>;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id38E15A16B7A34FA6823F2F39D8192942"><enum>(B)</enum><text display-inline="yes-display-inline">in paragraph (1), by striking
<quote>$8,000,000</quote> and inserting <quote>$20,000,000</quote>;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id2A4CE8CB828E48EF92A9119873DE02DD"><enum>(C)</enum><text display-inline="yes-display-inline">in paragraph (2)—</text>
<clause commented="no" display-inline="no-display-inline" id="idC2B758147B664F3F9CFB0600586EB52C"><enum>(i)</enum><text display-inline="yes-display-inline">by striking <quote>$87,000,000</quote> and
inserting <quote>$135,000,000</quote>; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id41800CCC2DA44336A5075FC610B56F16"><enum>(ii)</enum><text display-inline="yes-display-inline">by striking <quote>and</quote> at the
end;</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id859E4C31FF5C4484AA8EE6A7D28E1D77"><enum>(D)</enum><text display-inline="yes-display-inline">by redesignating paragraph (3) as paragraph
(4); and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id1F08C6E91EE24A21891477044A6A772E"><enum>(E)</enum><text display-inline="yes-display-inline">by inserting after paragraph (2) the
following:</text>
<quoted-block display-inline="no-display-inline" id="id99C3BD154C334313996247141CBADAF0" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="id5603A9285EAA427F882743CAA696CB01"><enum>(3)</enum><text display-inline="yes-display-inline">not less than $40,000,000 to carry out
section 385I;
and</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idD971151A34364923A5B5582FC7CBB415"><enum>(e)</enum><header display-inline="yes-display-inline">Rural strategic investment planning
grants</header><text display-inline="yes-display-inline">Section 385F of the
Consolidated Farm and Rural Development Act (7 U.S.C. 2009dd–5) is
amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idFA4F1C21E8F042AE90D6A8C654DE6A22"><enum>(1)</enum><text display-inline="yes-display-inline">by striking subsection (c) and inserting
the following:</text>
<quoted-block display-inline="no-display-inline" id="id32A189DEA8DA4A7EB689A92AB8815559" style="OLC">
<subsection commented="no" display-inline="no-display-inline" id="idBE312980A31C48E88B347D8FBD8C8D8B"><enum>(c)</enum><header display-inline="yes-display-inline">Preferences</header><text display-inline="yes-display-inline">In awarding planning grants, the National
Board shall give a preference to planning grants that will be used—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idCE8DFD11297B4B258C10877983608C1B"><enum>(1)</enum><text display-inline="yes-display-inline">to address community capacity building and
community sustainability;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id12DC19EA62064B8FAD3E59D217991CDE"><enum>(2)</enum><text display-inline="yes-display-inline">to incorporate other Federal agency
development plans; or</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idEABDCDE7F76E42D4B0960501FB720B97"><enum>(3)</enum><text display-inline="yes-display-inline">to leverage available public and private
assets.</text>
</paragraph></subsection><after-quoted-block>;
and</after-quoted-block></quoted-block>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id8F81EF239D4D47B18B382750B2060A50"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (d), by striking
<quote>$100,000</quote> and inserting <quote>$250,000</quote>.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id0E0776771FC946EE991F4EFE6C772660"><enum>(f)</enum><header display-inline="yes-display-inline">Innovation grants</header><text display-inline="yes-display-inline">Section 385G of the Consolidated Farm and
Rural Development Act (7 U.S.C. 2009dd–6) is amended—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idC1373705F6CF46E3B777B48BF4B9BDBB"><enum>(1)</enum><text display-inline="yes-display-inline">in subsection (a), by inserting <quote>to
be administered by the Office of Rural Development</quote> after
<quote>innovation grants</quote>;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id9D322F981C9F4642A931E89A407E3301"><enum>(2)</enum><text display-inline="yes-display-inline">in subsection (d)(7), by inserting <quote>,
including poverty alleviation</quote> before the period at the end; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id457875BE28A44142BE024EEB0D6BD038"><enum>(3)</enum><text display-inline="yes-display-inline">in subsection (e)—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id316ED8A6610540F590D07E528C0818B6"><enum>(A)</enum><text display-inline="yes-display-inline">by redesignating paragraph (4) as paragraph
(5); and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id627057F124E94B4581D535D591117548"><enum>(B)</enum><text display-inline="yes-display-inline">by inserting after paragraph (3) the
following:</text>
<quoted-block display-inline="no-display-inline" id="id226E0BE47F244F548A43C41A206DEA40" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="id3FAE4D05A03647ECA50CD09E19E99D19"><enum>(4)</enum><header display-inline="yes-display-inline">Non-Federal organizations</header><text display-inline="yes-display-inline">A Regional Board may select 1 or more
non-Federal organizations to manage and use innovation grants approved and
awarded under this
section.</text>
</paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subparagraph></paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="idAB5FABE3DE724100B76FDB432EEF9465" section-type="subsequent-section"><enum>302.</enum><header display-inline="yes-display-inline">Rural regional entrepreneurship
program</header><text display-inline="no-display-inline">Subtitle I of the
Consolidated Farm and Rural Development Act (7 U.S.C. 2009dd et seq.) is
amended by adding at the end the following:</text>
<quoted-block display-inline="no-display-inline" id="idB2C1D0E8E03D4E7E9CE22C611E437418" style="OLC">
<section commented="no" display-inline="no-display-inline" id="idBE2BA8DEFC2A4C589C36CD7C41301338" section-type="subsequent-section"><enum>385I.</enum><header display-inline="yes-display-inline">Rural regional entrepreneurship
program</header>
<subsection commented="no" display-inline="no-display-inline" id="id368718AF16C24C719622F786A9B04601"><enum>(a)</enum><header display-inline="yes-display-inline">Definition of rural
entrepreneur</header><text display-inline="yes-display-inline">The term
<term>rural entrepreneur</term> has the meaning given the term in section
365(a).</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id35A6854B9C5B48C7A95E468F0B9D312E"><enum>(b)</enum><header display-inline="yes-display-inline">Program</header><text display-inline="yes-display-inline">The Secretary shall establish a rural
regional entrepreneurship program under which the Secretary shall provide
grants to stimulate rural entrepreneurship and provide technical assistance,
research, and evaluation to rural entrepreneurs.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="id6B7E6BC08B7841859A5ECE76B05780FD"><enum>(c)</enum><header display-inline="yes-display-inline">Block grants</header>
<paragraph commented="no" display-inline="no-display-inline" id="id915BB6F107514470B11048BDB997AE67"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">From amounts made available under
subsection (f), the Secretary shall use $15,000,000 for each fiscal year to
make block grants to States in accordance with this subsection.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idEF6B991861BF4E23BB504D8D1A517B68"><enum>(2)</enum><header display-inline="yes-display-inline">Amount of grant</header><text display-inline="yes-display-inline">A grant to a State under this subsection
for any fiscal year shall be in an amount that is, as determined by the
National Board—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idBD6DD64FCDB84233846ECAD05DA51B69"><enum>(A)</enum><text display-inline="yes-display-inline">not more than $400,000; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id4D5106DB670B46B7A82A5B3D84ACB62A"><enum>(B)</enum><text display-inline="yes-display-inline">not less than $200,000.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idF496B396A518407A944A03EFCCB17718"><enum>(3)</enum><header display-inline="yes-display-inline"> Cost Share</header><text display-inline="yes-display-inline">To be eligible to receive a grant under
this subsection, a State shall match any grant funds received under this
subsection with an equal or greater amount of non-Federal funds.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id2B022C5D88824536B2CDC6FFE1D70A04"><enum>(4)</enum><header display-inline="yes-display-inline">Use of funds</header><text display-inline="yes-display-inline">A State shall use funds received under this
subsection to support multi-county entrepreneurship development systems focused
on eligible areas in consultation with the RUPRI Center for Rural
Entrepreneurship.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id2FFE3D7E185341328F637C0282AB29D3"><enum>(d)</enum><header display-inline="yes-display-inline">Competitive regional entrepreneurship
grants</header>
<paragraph commented="no" display-inline="no-display-inline" id="id6620B09C1E44449EA1C1CCFB7606CE4A"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">From amounts made available under
subsection (f), the Secretary shall—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="idD4611F91680545D4912AA58ADCB61C76"><enum>(A)</enum><text display-inline="yes-display-inline">transfer $15,000,000 for each fiscal year
to the National Board to make regional entrepreneurship grants to rural
entrepreneurs through a competitive application process; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID58e9eebc7bfb4614907942e94a907449"><enum>(B)</enum><text display-inline="yes-display-inline">use at least $10,000,000 to make grants to
successful applicants identified as regional intermediaries under subsection
(e)(3).</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="idAC119FEAA7E74763A505D102639C7887"><enum>(2)</enum><header display-inline="yes-display-inline">Administration</header><text display-inline="yes-display-inline">The Under Secretary for Rural Development
shall administer grants under this subsection.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="idDFA543562E6D444A817F8A756929E0EC"><enum>(e)</enum><header display-inline="yes-display-inline">Center for Rural Entrepreneurship</header>
<paragraph commented="no" display-inline="no-display-inline" id="id519ADA36CA844E7389A980BCE12DDB12"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">From amounts made available under
subsection (f), the Secretary shall transfer $10,000,000 for each fiscal year
to the RUPRI Center for Rural Entrepreneurship (referred to in this subsection
as the <term>Center</term>) for use in accordance with this subsection.</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="id2A4C26C607F841AC9B7869ED428F3B3A"><enum>(2)</enum><header display-inline="yes-display-inline">Research, evaluation, and data collection
and analysis</header>
<subparagraph commented="no" display-inline="no-display-inline" id="idE643BDF156204A8EBD7E5049A65A9D40"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">Of the amount transferred to the Center
under paragraph (1), the Center shall use $5,000,000 for each fiscal year to
carry out research, evaluation, and data collection and analysis programs, of
which not less than $500,000 for each fiscal year shall be used to enter into
contracts, in accordance with a national research agenda approved by the
National Board, with each of—</text>
<clause commented="no" display-inline="no-display-inline" id="id1146060EE0C04B8195098AC268414829"><enum>(i)</enum><text display-inline="yes-display-inline">the regional rural development centers
described in section 1670(a) of the Food, Agriculture, Conservation, and Trade
Act of 1990 (7 U.S.C. 5923(a)); and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idD32C890325DA403995596AA6C8FFF818"><enum>(ii)</enum><text display-inline="yes-display-inline">the Economic Research Service.</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idDA665ECEF2324C07B3E41274158E8685"><enum>(B)</enum><header display-inline="yes-display-inline">Coordination and focus of
programs</header><text display-inline="yes-display-inline">The programs carried
out under this paragraph shall—</text>
<clause commented="no" display-inline="no-display-inline" id="id4B5C01295D374CF6A8D7873FB4008746"><enum>(i)</enum><text display-inline="yes-display-inline">be coordinated by the Center across a broad
range of higher education institutions and research organizations; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="idA1D4823EFDE6469393F942D8772B0559"><enum>(ii)</enum><text display-inline="yes-display-inline">focus on providing insights and creating
opportunities for sustained entrepreneurship development in rural areas of the
United States.</text>
</clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id74B40DC2A6B044F9AD3C16A45182BB17"><enum>(3)</enum><header display-inline="yes-display-inline">Regional intermediaries</header><text display-inline="yes-display-inline">Of the amount transferred to the Center
under paragraph (1), the Center shall use $4,000,000 for each fiscal year to
establish and maintain a nationwide network of regional intermediaries with the
capacity and tools—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id08F80605FF5447DD898D0DF15C48E48D"><enum>(A)</enum><text display-inline="yes-display-inline">to provide effective entrepreneurship
development information, training, and technical assistance to rural regions
and communities in the United States; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id284BDE91B2D5459FA783B77C34D89159"><enum>(B)</enum><text display-inline="yes-display-inline">to enhance the effectiveness of
organizations that provide direct technical assistance and training services to
rural entrepreneurs.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id68025D90AD594280A6430F9C7D126323"><enum>(4)</enum><header display-inline="yes-display-inline">Management activities and
reports</header><text display-inline="yes-display-inline">Of the amount
transferred to the Center under paragraph (1), the Center shall use $1,000,000
for each fiscal year—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id50E01A5471F3449EA07FC53E92878660"><enum>(A)</enum><text display-inline="yes-display-inline">to enhance and sustain the capacity and
ability of the Center to direct and manage the programs and activities
described in paragraphs (1), (2), and (3); and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idB984E74DC1414A2499B8BEA1A4A39FAF"><enum>(B)</enum><text display-inline="yes-display-inline">to submit—</text>
<clause commented="no" display-inline="no-display-inline" id="id2FC8E681F4CB47C9846856052D956C49"><enum>(i)</enum><text display-inline="yes-display-inline">to the National Board, an annual report
that describes those programs and activities carried out during the year
covered by the report; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id9D5CAEBC4BE14888A419267A3610F13E"><enum>(ii)</enum><text display-inline="yes-display-inline">to the Secretary, an annual report that
describes the state of entrepreneurship in the United States during the year
covered by the report.</text>
</clause></subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id8CA0D8E619754853A3F970148A4CB78B"><enum>(5)</enum><header display-inline="yes-display-inline">Availability of funds; contracts</header>
<subparagraph commented="no" display-inline="no-display-inline" id="idDE4B3AF7AA4C48B7A62C39B41759CA01"><enum>(A)</enum><header display-inline="yes-display-inline">Availability of funds</header><text display-inline="yes-display-inline">Funds made available under this subsection
shall remain available until expended, including for any purpose under this
section.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id42E82D6EB5374007800980EED839E2B0"><enum>(B)</enum><header display-inline="yes-display-inline">Contracts</header><text display-inline="yes-display-inline">Each contract entered into by the Center
and an individual or entity shall be based on the performance of the individual
or entity.</text>
</subparagraph></paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="id1FEC584F59EE49DE8B75534088F2EB22"><enum>(f)</enum><header display-inline="yes-display-inline">Funding</header><text display-inline="yes-display-inline">Of funds made available under section
385E(b)(3), for each of fiscal years 2008 through 2012, the Secretary shall use
to carry out this section $40,000,000, to remain available until
expended.</text>
</subsection></section><after-quoted-block>.</after-quoted-block></quoted-block>
</section><enum>IV</enum><header display-inline="yes-display-inline">Regional skills alliances</header>
<section commented="no" display-inline="no-display-inline" id="ID870236BA30124361ADE56FE789A9BE44" section-type="subsequent-section"><enum>401.</enum><header display-inline="yes-display-inline">Findings</header><text display-inline="no-display-inline">Congress finds that—</text>
<paragraph commented="no" display-inline="no-display-inline" id="IDE7915F78A7BF4307B2A4D96D17A501AA"><enum>(1)</enum><text display-inline="yes-display-inline">many small businesses lack the financial
capacity to support the training of high-skilled workers;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID9A555A66760342A19B90963D46C5D55C"><enum>(2)</enum><text display-inline="yes-display-inline">many high-tech companies concerned about
worker training consider recruiting employees from overseas because a shortage
of information technology workers remains a significant problem;</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID6665B23016664E2F9F259088F146E5B2"><enum>(3)</enum><text display-inline="yes-display-inline">too many highly educated workers in
underserved communities do not have the specialized skills needed to meet the
needs of local businesses; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDCC3B1867F29F4795BD038DFE706B12AE"><enum>(4)</enum><text display-inline="yes-display-inline">regional skills alliances bring businesses
and 4-year colleges and universities and community colleges together to help
develop and implement effective programs to make sure workers have the training
needed to compete in the modern workplace.</text>
</paragraph></section><section commented="no" display-inline="no-display-inline" id="ID92AAF8015D1A4DE482363C22E246597F" section-type="subsequent-section"><enum>402.</enum><header display-inline="yes-display-inline">Definition of Secretary</header><text display-inline="no-display-inline">In this title, the term
<quote>Secretary</quote> means the Secretary of Labor.</text>
</section><subtitle commented="no" id="ID69696A0D6A474DB6BE56B6FFE7C03D00" level-type="subsequent" style="OLC"><enum>A</enum><header display-inline="yes-display-inline">Skill grants</header>
<section commented="no" display-inline="no-display-inline" id="ID855F93BA14164EFA002682FB651B21C4" section-type="subsequent-section"><enum>411.</enum><header display-inline="yes-display-inline">Authorization</header>
<subsection commented="no" display-inline="no-display-inline" id="IDB070C835283E4CD8B282EF5407092729"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Secretary, in consultation with the
Secretary of Commerce, shall award grants to eligible entities described in
subsection (b) to assist the entities to improve the job skills necessary for
employment in specific industries.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="ID634757F17F294F13964016FDB52F23EA"><enum>(b)</enum><header display-inline="yes-display-inline">Eligible entities described</header>
<paragraph commented="no" display-inline="no-display-inline" id="IDDE6716EF4CF64A449F21CC903C1C0092"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">An eligible entity described in this
subsection is a consortium that—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="ID40A4F7D4FEB04A118409F8F2DF55547C"><enum>(A)</enum><text display-inline="yes-display-inline">shall consist of representatives from not
less than 5 businesses, or a lesser number of businesses if such lesser number
of businesses employs at least 30 percent of the employees in the industry
involved in the region (or a nonprofit organization that represents such
businesses);</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID2A7B75559D8F4876BD52CC5229D075D7"><enum>(B)</enum><text display-inline="yes-display-inline">may consist of representatives from—</text>
<clause commented="no" display-inline="no-display-inline" id="ID241766B51952478A84421C6EC36C4EB6"><enum>(i)</enum><text display-inline="yes-display-inline">labor organizations;</text>
</clause><clause commented="no" display-inline="no-display-inline" id="ID8A4A01AD455F4B008EDE00AA6F1FABEE"><enum>(ii)</enum><text display-inline="yes-display-inline">State and local government; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="ID81DC96ED84BB426197F9BCDE5CAEDE62"><enum>(iii)</enum><text display-inline="yes-display-inline">educational institutions;</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID84538C2653CD4D99897543AEF63186FA"><enum>(C)</enum><text display-inline="yes-display-inline">is established to serve 1 or more
particular industries; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDDEA9D83D993A48C38DCE97F287BEDB03"><enum>(D)</enum><text display-inline="yes-display-inline">is established to serve an eligible
area.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="id7B83ADE08B6D45B8AC65A85B87F21D15"><enum>(2)</enum><header display-inline="yes-display-inline">Eligible area</header><text display-inline="yes-display-inline">The term <term>eligible area</term> means a
nonmetropolitan county that, based on information contained in the 2000
decennial census—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="id866911B807DA41FBAABE36A1C0E8A0F8"><enum>(A)</enum><text display-inline="yes-display-inline">has a population that resides in areas more
than 50 percent of which are classified as rural by the Secretary of
Agriculture; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="idF2730039738A4F61B52BD637876E4944"><enum>(B)</enum><text display-inline="yes-display-inline">had an average employment percentage change
during the period of calendar years 2001 through 2004 that was less than the
national average employment percentage change (as determined by the Bureau of
Economic Analysis).</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDEC1DABA3576F4A96912E7DB0BA8E3F71"><enum>(3)</enum><header display-inline="yes-display-inline">Majority of representatives</header><text display-inline="yes-display-inline">A majority of the representatives
comprising the consortium shall be representatives described in paragraph
(1)(A).</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID8D0FF41EFCB84035BDF0754604E6C8FB"><enum>(c)</enum><header display-inline="yes-display-inline">Priority for small businesses</header><text display-inline="yes-display-inline">In providing grants under subsection (a),
the Secretary shall give priority to an eligible entity if a majority of
representatives forming the entity represent small-business concerns (as
defined in <external-xref legal-doc="act" parsable-cite="SBA/3(a)">section
3(a)</external-xref> of the <act-name parsable-cite="SBA">Small Business
Act</act-name> (<external-xref legal-doc="usc" parsable-cite="usc/15/632(a)">15
U.S.C. 632(a)</external-xref>).</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="IDC11AE0BA18144C198ECAA1B9A49E7EDE"><enum>(d)</enum><header display-inline="yes-display-inline">Maximum amount of grant</header><text display-inline="yes-display-inline">The amount of a grant awarded to an
eligible entity under subsection (a) may not exceed $1,000,000 for any fiscal
year.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="IDED610B1416E54188B0898885E3145DEB" section-type="subsequent-section"><enum>412.</enum><header display-inline="yes-display-inline">Use of amounts</header>
<subsection commented="no" display-inline="no-display-inline" id="ID2164E29215AE4487B8D8F300B0B5A02D"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Secretary may not award a grant under
section 411 to an eligible entity unless the entity agrees to use amounts
received from the grant to improve the job skills necessary for employment by
businesses in the industry with respect to which the entity was
established.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="ID6004F2683EDD4750B922E6009BC3FA9B"><enum>(b)</enum><header display-inline="yes-display-inline">Conduct of program</header>
<paragraph commented="no" display-inline="no-display-inline" id="ID157E59AE51684310AD5E76D013D38200"><enum>(1)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">In carrying out the program described in
subsection (a), the eligible entity may provide for—</text>
<subparagraph commented="no" display-inline="no-display-inline" id="IDB58356DA80AF4BE697246F99F300B469"><enum>(A)</enum><text display-inline="yes-display-inline">an assessment of training and job skill
needs for the industry;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDD5876894047649FCBF27001CC1FEF074"><enum>(B)</enum><text display-inline="yes-display-inline">the development of a sequence of skill
standards that are benchmarked to advanced industry practices;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID1F7A48416F664FD2BF6CCDFFE73046F0"><enum>(C)</enum><text display-inline="yes-display-inline">the development of curriculum and training
methods, including, where appropriate, e-learning or technology-based
training;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID47FEB665500F42B58972C9C1FE92641E"><enum>(D)</enum><text display-inline="yes-display-inline">the purchase, lease, or receipt of
donations of training equipment;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID59780EC370BD40A6A565BB9E5823F086"><enum>(E)</enum><text display-inline="yes-display-inline">the identification of training providers
and the development of partnerships between the industry and educational
institutions, including community colleges;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDD0784200DF80448DB4794D63199834CF"><enum>(F)</enum><text display-inline="yes-display-inline">the development of apprenticeship
programs;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDE77BB12ACCF54993BB3BB400D2B0A025"><enum>(G)</enum><text display-inline="yes-display-inline">the development of training programs for
workers, including dislocated workers;</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDE13B24F4F9C540C8AF8D2D9CCF336453"><enum>(H)</enum><text display-inline="yes-display-inline">the development of training plans for
businesses; and</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDF5697EFE1064465FAA0544FA64F27218"><enum>(I)</enum><text display-inline="yes-display-inline">the development of the membership of the
entity.</text>
</subparagraph></paragraph><paragraph commented="no" display-inline="no-display-inline" id="ID92E7FE0A93164B8AB05FFF08F52240FB"><enum>(2)</enum><header display-inline="yes-display-inline">Additional requirement</header><text display-inline="yes-display-inline">In carrying out the program described in
subsection (a), the eligible entity shall provide for the development and
tracking of performance outcome measures for the program and the training
providers involved in the program.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="IDD3FF8EB2C382477AB4D1B7A6F7FCCF35"><enum>(c)</enum><header display-inline="yes-display-inline">Administrative costs</header><text display-inline="yes-display-inline">The eligible entity may use not more than
10 percent of the amount of a grant to pay for administrative costs associated
with the program described in subsection (a).</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="IDDC70D624CEBE467A82E8AD6DFF72C656" section-type="subsequent-section"><enum>413.</enum><header display-inline="yes-display-inline">Requirement of matching funds</header>
<subsection commented="no" display-inline="no-display-inline" id="IDBDB8983AAE7547E3829033F31E98417B"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Secretary may not award a grant under
section 411 to an eligible entity unless the entity agrees that the entity will
make available non-Federal contributions toward the costs of carrying out
activities under the grant in an amount that is not less than $2 for each $1 of
Federal funds provided under the grant, of which—</text>
<paragraph commented="no" display-inline="no-display-inline" id="ID6A851EB3DB434207A7F827331DAEB4E6"><enum>(1)</enum><text display-inline="yes-display-inline">$1 shall be provided by the businesses
participating in the entity; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDDA544750C62E45C086BF44E2DED67E90"><enum>(2)</enum><text display-inline="yes-display-inline">$1 shall be provided by the State or local
government involved.</text>
</paragraph></subsection><subsection commented="no" display-inline="no-display-inline" id="ID3EDF7D5DFABC4F7EBEEE14C00096A84C"><enum>(b)</enum><header display-inline="yes-display-inline">Other contributions</header>
<paragraph commented="no" display-inline="no-display-inline" id="IDB9BCDF7FAA15432E8F8F37254B2422F2"><enum>(1)</enum><header display-inline="yes-display-inline">Equipment</header><text display-inline="yes-display-inline">Equipment donations to facilities that are
not owned or operated by the members of the eligible entity involved and that
are shared by the members may be included in determining compliance with
subsection (a).</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="IDE6E7024B6F20497C92FEE504635DEDBB"><enum>(2)</enum><header display-inline="yes-display-inline">Limitation</header>
<subparagraph commented="no" display-inline="no-display-inline" id="idBE8270D9B0B14B0D9BB57E0C8955F95B"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">An eligible entity may not include in-kind
contributions in complying with the requirement of subsection (a).</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id9CD033A48C9B4D3C9841CBE8477823D4"><enum>(B)</enum><header display-inline="yes-display-inline">Consideration</header><text display-inline="yes-display-inline">The Secretary may consider donations
described in subparagraph (A) in ranking applications.</text>
</subparagraph></paragraph></subsection></section><section commented="no" display-inline="no-display-inline" id="ID8CF42CB9AE7C42EE92B4B782DB1000AA" section-type="subsequent-section"><enum>414.</enum><header display-inline="yes-display-inline">Limit on administrative
expenses</header><text display-inline="no-display-inline">The Secretary may use
not more than 5 percent of the amounts made available to carry out this title
to pay the Federal administrative costs associated with awarding grants under
this title.</text>
</section><section commented="no" display-inline="no-display-inline" id="ID49DECBE441FB44B195ED125210C5C51F" section-type="subsequent-section"><enum>415.</enum><header display-inline="yes-display-inline">Authorization of
appropriations</header><text display-inline="no-display-inline">There are
authorized to be appropriated to carry out this subtitle—</text>
<paragraph commented="no" display-inline="no-display-inline" id="idBE4F9A20EA034891BAA37F43E0A9B2D3"><enum>(1)</enum><text display-inline="yes-display-inline">$50,000,000 for each of fiscal years 2008
through 2012; and</text>
</paragraph><paragraph commented="no" display-inline="no-display-inline" id="idBFBD776424204968AB2AA2DCE5D5DF30"><enum>(2)</enum><text display-inline="yes-display-inline">such sums as are necessary for each fiscal
year thereafter.</text>
</paragraph></section></subtitle><subtitle commented="no" id="ID827548A4055147D5AD41DCFE4B5D2EFF" level-type="subsequent" style="OLC"><enum>B</enum><header display-inline="yes-display-inline">Planning grants</header>
<section commented="no" display-inline="no-display-inline" id="ID860626334128450092DBC4FB054D00E8" section-type="subsequent-section"><enum>421.</enum><header display-inline="yes-display-inline">Authorization</header>
<subsection commented="no" display-inline="no-display-inline" id="ID1156C50445C34619B098ACFFD25E7987"><enum>(a)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The Secretary, in consultation with the
Secretary of Commerce, shall award grants to States to enable the States to
assist businesses, organizations, and agencies described in section 411(b) in
conducting planning to form consortia described in that section.</text>
</subsection><subsection commented="no" display-inline="no-display-inline" id="IDF0005B589A7F4F6E9EF3CABC4935E123"><enum>(b)</enum><header display-inline="yes-display-inline">Maximum amount of grant</header><text display-inline="yes-display-inline">The amount of a grant awarded to a State
under subsection (a) may not exceed $500,000 for any fiscal year.</text>
</subsection></section><section commented="no" display-inline="no-display-inline" id="ID7DD2FDAF59084169A4DF00942D546FA1" section-type="subsequent-section"><enum>422.</enum><header display-inline="yes-display-inline">Application</header><text display-inline="no-display-inline">The Secretary may not award a grant under
section 421 to a State unless the State submits to the Secretary an application
at such time, in such manner, and containing such information as the Secretary
may reasonably require.</text>
</section><section commented="no" display-inline="no-display-inline" id="ID7BF5B45B06B4401EA7B4D34DB065974E" section-type="subsequent-section"><enum>423.</enum><header display-inline="yes-display-inline">Requirement of matching funds</header><text display-inline="no-display-inline">The Secretary may not award a grant under
section 421 to a State unless the State agrees that the State will make
available non-Federal contributions toward the costs of carrying out activities
under this subtitle in an amount that is not less than $1 for each $1 of
Federal funds provided under the grant.</text>
</section><section commented="no" display-inline="no-display-inline" id="ID6825022E3421412CB6003C76A362B602" section-type="subsequent-section"><enum>424.</enum><header display-inline="yes-display-inline">Authorization of
appropriations</header><text display-inline="no-display-inline">There is
authorized to be appropriated to carry out this subtitle $5,000,000 for fiscal
year 2008.</text>
</section></subtitle><enum>V</enum><header display-inline="yes-display-inline">Small business jobs tax credit</header>
<section commented="no" display-inline="no-display-inline" id="IDCE4026B19F6248CD80DDC9B6E4A25A77" section-type="subsequent-section"><enum>501.</enum><header display-inline="yes-display-inline">Expansion of work opportunity tax
credit</header>
<subsection commented="no" display-inline="no-display-inline" id="IDD7639CB27E374AC581F990C6455BA893"><enum>(a)</enum><header display-inline="yes-display-inline">In General</header><text display-inline="yes-display-inline">Section 51(d)(1) of the Internal Revenue
Code of 1986 (relating to members of targeted groups) is amended by striking
<quote>or</quote> at the end of subparagraph (H), by striking the period at the
end of subparagraph (I) and inserting <quote>, or</quote>, and by adding at the
end the following:</text>
<quoted-block display-inline="no-display-inline" id="IDB532ABDCEF894E6D864DD5F27C274EBF" style="OLC">
<subparagraph commented="no" display-inline="no-display-inline" id="ID1C470C77DC9D48319948D2045A52949C"><enum>(J)</enum><text display-inline="yes-display-inline">a qualified small business
employee.</text>
</subparagraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="ID2D4A4A2755B84082913FE794AE3DC6D7"><enum>(b)</enum><header display-inline="yes-display-inline">Qualified Small Business
Employee</header><text display-inline="yes-display-inline">Section 51(d) of the
Internal Revenue Code of 1986 is amended by redesignating paragraphs (11)
through (13) as paragraphs (12) through (14), respectively, and by inserting
after paragraph (10) the following:</text>
<quoted-block display-inline="no-display-inline" id="ID5A41A67D6C4142CF8A32092F580773D4" style="OLC">
<paragraph commented="no" display-inline="no-display-inline" id="ID3876A86A2FAD496EBCE088B6404ED7AD"><enum>(11)</enum><header display-inline="yes-display-inline">Qualified small business employee</header>
<subparagraph commented="no" display-inline="no-display-inline" id="IDA92C1DE8828D49D3A93A8452211BD09B"><enum>(A)</enum><header display-inline="yes-display-inline">In general</header><text display-inline="yes-display-inline">The term <term>qualified small business
employee</term> means any individual—</text>
<clause commented="no" display-inline="no-display-inline" id="ID45F996C39035462EBD022391495ABB4B"><enum>(i)</enum><text display-inline="yes-display-inline">hired by a qualified small business located
in an eligible area, or</text>
</clause><clause commented="no" display-inline="no-display-inline" id="ID35B3C699C8924BE980DC988AA8D7CFFA"><enum>(ii)</enum><text display-inline="yes-display-inline">hired by a qualified small business and who
is certified by the designated local agency as residing in such an eligible
area.</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDF947F6716FEB41459C579A515ABA4FB0"><enum>(B)</enum><header display-inline="yes-display-inline">Qualified small business</header><text display-inline="yes-display-inline">The term <term>qualified small
business</term> has the meaning given the term <term>small employer</term> by
section 4980D(d)(2).</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="id533B0EF6956C4B3DA8A860306AC4C408"><enum>(C)</enum><header display-inline="yes-display-inline">Eligible area</header><text display-inline="yes-display-inline">The term <term>eligible area</term> means a
nonmetropolitan county that, based on information contained in the 2000
decennial census—</text>
<clause commented="no" display-inline="no-display-inline" id="idBC56B33A2A0D478F9E3D17BF2D133A6A"><enum>(i)</enum><text display-inline="yes-display-inline">has a population that resides in areas more
than 50 percent of which are classified as rural by the Secretary of
Agriculture; and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="id119DF6D44B2B452BA0F2342B7C6E4DE0"><enum>(ii)</enum><text display-inline="yes-display-inline">had an average employment percentage change
during the period of calendar years 2001 through 2004 that was less than the
national average employment percentage change (as determined by the Bureau of
Economic Analysis).</text>
</clause></subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="IDC577A3EABD7E4530986FF886D5F0FCD6"><enum>(D)</enum><header display-inline="yes-display-inline">Number of designations</header><text display-inline="yes-display-inline">The Secretary, after consultation with the
Secretary of Housing and Urban Development and the Secretary of Agriculture,
may not designate more than 400 eligible areas.</text>
</subparagraph><subparagraph commented="no" display-inline="no-display-inline" id="ID6400DCC415A84B80BDD952518E80545A"><enum>(E)</enum><header display-inline="yes-display-inline">Special rules for determining amount of
credit</header><text display-inline="yes-display-inline">For purposes of
applying this subpart to wages paid or incurred to any qualified small business
employee—</text>
<clause commented="no" display-inline="no-display-inline" id="IDA5FADCB9854A44FFA45620BC22943F79"><enum>(i)</enum><text display-inline="yes-display-inline">subsection (a) shall be applied by
substituting <quote>20 percent of the qualified first, second, third, fourth,
or fifth year wages</quote> for <quote>40 percent of the qualified first year
wages</quote>, and</text>
</clause><clause commented="no" display-inline="no-display-inline" id="ID22D2D4F9B08D44769B98F167A150C359"><enum>(ii)</enum><text display-inline="yes-display-inline">in lieu of paragraphs (2) and (3) of
subsection (b), the following definitions and special rule shall apply:</text>
<subclause commented="no" display-inline="no-display-inline" id="ID313758B9D4C54F8F9635D5C725DCBF0A"><enum>(I)</enum><header display-inline="yes-display-inline">Qualified first-year wages</header><text display-inline="yes-display-inline">The term <term>qualified first-year
wages</term> means, with respect to any individual, qualified wages
attributable to service rendered during the 1-year period beginning with the
day the individual begins work for the employer.</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID1DDC1CFE032C47189BB1976DD5B0FAAD"><enum>(II)</enum><header display-inline="yes-display-inline">Qualified second-year wages</header><text display-inline="yes-display-inline">The term <term>qualified second-year
wages</term> means, with respect to any individual, qualified wages
attributable to service rendered during the 1-year period beginning on the day
after the last day of the 1-year period with respect to such individual
determined under subclause (I).</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID23D8E5B2C6DB4707B5ECBF1661770564"><enum>(III)</enum><header display-inline="yes-display-inline">Qualified third-year wages</header><text display-inline="yes-display-inline">The term <term>qualified third-year
wages</term> means, with respect to any individual, qualified wages
attributable to service rendered during the 1-year period beginning on the day
after the last day of the 1-year period with respect to such individual
determined under subclause (II).</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID6699E37AED464ADC9050783EBFC24EB0"><enum>(IV)</enum><header display-inline="yes-display-inline">Qualified fourth-year wages</header><text display-inline="yes-display-inline">The term <term>qualified fourth-year
wages</term> means, with respect to any individual, qualified wages
attributable to service rendered during the 1-year period beginning on the day
after the last day of the 1-year period with respect to such individual
determined under subclause (III).</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID7276C34227204273B4016118475712B6"><enum>(V)</enum><header display-inline="yes-display-inline">Qualified fifth-year wages</header><text display-inline="yes-display-inline">The term <term>qualified fifth-year
wages</term> means, with respect to any individual, qualified wages
attributable to service rendered during the 1-year period beginning on the day
after the last day of the 1-year period with respect to such individual
determined under subclause (IV).</text>
</subclause><subclause commented="no" display-inline="no-display-inline" id="ID2BC9AB62E3BE447BB9FD3465B06055E0"><enum>(VI)</enum><header display-inline="yes-display-inline">Only first $15,000 of wages per year taken
into account</header><text display-inline="yes-display-inline">The amount of
the qualified first, second, third, fourth, and fifth year wages which may be
taken into account with respect to any individual shall not exceed $15,000 per
year.</text>
</subclause></clause></subparagraph></paragraph><after-quoted-block>.</after-quoted-block></quoted-block>
</subsection><subsection commented="no" display-inline="no-display-inline" id="ID2B42A1B4F5CF42BBA22A2E32EAD7BB5C"><enum>(c)</enum><header display-inline="yes-display-inline">Effective
Date</header><text display-inline="yes-display-inline">The amendments made by
this section shall apply to individuals who begin work for the employer after
the date of the enactment of this Act.</text>
</subsection></section>