,i  #aaf? ,,congress  #b;d ,session  ,h4
 ,r4 #fcdh  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,m>* #bc1 #bjbj,ms4   
,g>cia ( ,texas introduc$ ! foll[+ bill2
 :i* 0 ref]r$ to ! ,committee on        
,f9ancial ,s]vices1 & 9 addition to !   
,committee on ,small ,bus9ess1 = a p]iod
 to be subsequ5tly det]m9$ by ! ,speak]1
 9 ea* case = consid]ation ( su*        
provisions z fall )9 ! jurisdiction ( ! 
committee conc]n$  ,a ,,bill  ,to fully 
implem5t ! ,initiative to ,build ,gr[?  
,equity ,funds = ,m9ority ,bus9esses1 & 
= o!r purposes4  #a4 ,fund+ ( !         
,initiative to ,build ,gr[? ,equity     
,funds = ,m9ority ,bus9esses  7a7 ,grant
 ,! ,m9ority ,bus9ess ,developm5t ,ag5cy
 %all provide a grant ( #c1jjj1jjj1jjj  
to fully implem5t ! ,initiative to      
,build ,gr[? ,equity ,funds = ,m9ority  
,bus9esses 7! ,initiative2 aw>d numb]   
,,mb#ai,,obd#hjbjaac71 includ+ to use   
su* am\nts z capital = ! ,equity ,funds4
  7b7 ,adm9i/rative exp5ses ,( ! am\nts 
provid$ "u subsection 7a71 ! grant      

recipi5t may use n m ?an #b4be p]c5t (  
su* am\nt = adm9i/rative exp5ses1 (     
:i*-- 7#a7 n m ?an #a4e p]c5t may be us$
 = fees to be paid to inve/m5t manag]s =
 fund inve/m5t activities1 includ+ deal 
s\rc+1 due dilig5ce1 inve/m5t monitor+1 
& inve/m5t report+2 &  7#b7 n m ?an     
#j4ge p]c5t may be us$ = fund           
adm9i/ration activities by ! grant      
recipi5t1 includ+ fund manag]           
evaluation1 selection1 monitor+1 &      
ov]all fund program managem5t4  7c7     
,treatm5t ( int]e/ ,not)/&+ any o!r     
provision ( law1 ) ! approval ( !       
,m9ority ,bus9ess ,developm5t ,ag5cy1   
grant funds made available "u subsection
 7a7 may be deposit$ 9 int]e/-be>+      
acc\nts p5d+ disbursem5t1 & any int]e/  
:i* accrues may be reta9$ )\t return+   
su* int]e/ to ! ,treasury ( ! ,unit$    
,/ates & int]e/ e>n$ may be obligat$ &  
exp5d$ = ! purposes = :i* ! grant 0 made
 available )\t fur!r appropriation4  7d7
 ,report+ & audit requirem5ts  7#a7     
,report+ by recipi5t ,! grant recipi5t  

"u ?is section %all issue a report to ! 
,m9ority ,bus9ess ,developm5t ,ag5cy e  
#f mon?s detail+ ! use ( grant funds    
receiv$ "u ?is section & any o!r        
in=mation t ! ,m9ority ,bus9ess         
,developm5t ,ag5cy may require4  7#b7   
,annual report to ,congress ,! ,m9ority 
,bus9ess ,developm5t ,ag5cy %all issue  
an annual report to ! ,congress conta9+ 
! in=mation receiv$ "u p>agraph 7#a7 &  
an analysis ( ! implem5tation ( !       
,initiative4  7#c7 ,,gao audit ,!       
,comptroll] ,g5]al ( ! ,unit$ ,/ates    
%all1 e #b ye>s1 c>ry out an audit ( !  
,initiative & issue a report to !       
,congress & ! ,m9ority ,bus9ess         
,developm5t ,ag5cy conta9+ ! results (  
su* audit4  7e7 ,fund+ ,!re is au?oriz$ 
to be appropriat$ to ! ,m9ority ,bus9ess
 ,developm5t ,ag5cy #c1jjj1jjj1jjj to   
make ! grant describ$ "u subsection 7a74