42 USC 3149 - Grants for economic adjustment

U.S Code last checked for updates: Feb 21, 2025

§ 3149.

Grants for economic adjustment

(a)

In general

(b)

Criteria for assistance

The Secretary may provide assistance under this section only if the Secretary determines that—

(1)

the project will help the area to meet a special need arising from—

(A)

actual or threatened severe unemployment; or

(B)

economic adjustment problems resulting from severe changes in economic conditions; and

(2)

the area for which a project is to be carried out has a comprehensive economic development strategy and the project is consistent with the strategy, except that this paragraph shall not apply to planning projects.

(c)

Particular community assistance

Assistance under this section may include assistance provided for activities identified by communities, the economies of which are injured by—

(1)

military base closures or realignments, defense contractor reductions in force, or Department of Energy defense-related funding reductions, for help in diversifying their economies through projects to be carried out on Federal Government installations or elsewhere in the communities;

(2)

disasters or emergencies, in areas with respect to which a major disaster or emergency has been declared under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5121 et seq.), for post-disaster economic recovery;

(3)

international trade, for help in economic restructuring of the communities;

(4)

fishery failures, in areas with respect to which a determination that there is a commercial fishery failure has been made under section 1861a(a) of title 16;

(5)

the loss of manufacturing, travel and tourism, natural resource-based, blue economy, or agricultural jobs, for reinvesting in and diversifying the economies of the communities;

(6)

economic dislocation in the steel industry due to the closure of a steel plant, primary steel economy contraction events (including temporary layoffs and shifts to part-time work), or job losses in the steel industry or associated with the departure or contraction of the steel industry, for help in economic restructuring of the communities; or

(7)

limited water for industrial consumption in areas impacted by decreased water supplies due to drought or extreme heat.

(d)

Assistance to coal communities

(1)

Definitions

In this subsection:

(A)

Coal economy

The term “coal economy” means the complete supply chain of coal-reliant industries, including—

(i)

coal mining;

(ii)

coal-fired power plants;

(iii)

transportation or logistics; and

(iv)

manufacturing.

(B)

Contraction event

(2)

Authorization

(3)

Eligibility

(A)

In general

In carrying out this subsection, the Secretary shall determine the eligibility of an area based on whether the eligible recipient can reasonably demonstrate that the area—

(i)

has been adversely impacted by a contraction event in the coal economy within the previous 25 years; or

(ii)

will be adversely impacted by a contraction event in the coal economy.

(B)

Prohibition

(C)

Demonstrating adverse impact

For the purposes of this paragraph, an eligible recipient may demonstrate an adverse impact by demonstrating—

(i)

a loss in employment;

(ii)

a reduction in tax revenue; or

(iii)

any other factor, as determined to be appropriate by the Secretary.

(e)

Assistance to nuclear host communities

(1)

Definitions

In this subsection:

(A)

Commission

(B)

Community advisory board

The term “community advisory board” means a community committee or other advisory organization that—

(i)

primarily focuses on the economic impacts of decommissioning activities; and

(ii)

aims to foster communication and information exchange between a licensee planning for and involved in decommissioning activities and members of the community that decommissioning activities may affect.

(C)

Decommission

(D)

Licensee

(E)

Nuclear host community

The term “nuclear host community” means an eligible recipient that has been economically impacted, or reasonably demonstrates to the satisfaction of the Secretary that it will be economically impacted, by a nuclear power plant licensed by the Commission that—

(i)

is not co-located with an operating nuclear power plant;

(ii)

is at a site with spent nuclear fuel; and

(iii)

as of January 4, 2025—

(I)

has ceased operations; or

(II)

has provided a written notification to the Commission that it will cease operations.

(2)

Authorization

On the application of an eligible recipient, the Secretary may make grants—

(A)

to assist with economic development in nuclear host communities; and

(B)

to fund community advisory boards in nuclear host communities.

(3)

Requirement

(4)

Distribution of funds

(f)

Special provisions relating to revolving loan fund grants

(1)

In general

(2)

Efficient administration

The Secretary may—

(A)

at the request of a grantee, amend and consolidate grant agreements governing revolving loan funds to provide flexibility with respect to lending areas and borrower criteria;

(B)

assign or transfer assets of a revolving loan fund to third party for the purpose of liquidation, and the third party may retain assets of the fund to defray costs related to liquidation; and

(C)

take such actions as are appropriate to enable revolving loan fund operators to sell or securitize loans (except that the actions may not include issuance of a Federal guaranty by the Secretary).

(3)

Treatment of actions

(4)

Preservation of securities laws

(A)

Not treated as exempted securities

(B)

Preservation

(g)

Disaster mitigation

(Pub. L. 89–136, title II, § 209, as added Pub. L. 105–393, title I, § 102(a), Nov. 13, 1998, 112 Stat. 3605; amended Pub. L. 108–373, title II, § 207, Oct. 27, 2004, 118 Stat. 1762; Pub. L. 115–254, div. D, § 1217(a), Oct. 5, 2018, 132 Stat. 3451; Pub. L. 118–272, div. B, title II, § 2219, Jan. 4, 2025, 138 Stat. 3183.)

cite as: 42 USC 3149