,,ii #aaf? ,,congress #a/ ,session ,s4 #ajah ,,9 ,,! ,,s5ate ,,( ,,! ,,unit$ ,,/ates ,april #c1 #bjai,mr4 ,book] 7= himself1 ,mr4 ,"y1 ,mr4 ,jones1 & ,mr4 ,cotton7 introduc$ ! foll[+ bill2 :i* 0 read twice & ref]r$ to ! ,committee on ,heal?1 ,education1 ,labor1 & ,p5sions ,a ,,bill ,to e/abli% ! ,refund to ,ra9y ,day ,sav+s ,program4 #a4 ,%ort title ,?is ,act may be cit$ z ! ,refund to ,ra9y ,day ,sav+s ,act4 #b4 ,f9d+s ,congress f9ds ! foll[+3 7#a7 ,approximately #ae1jjj1jjj h\seholds file tax returns ea* ye> ) ! ,int]nal ,rev5ue ,s]vice4 7#b7 ,= millions ( ,am]icans ) l[ or mod]ate levels ( income1 _! tax refund is ! s+le l>ge/ s\rce ( income = ! entire ye>4 7#c7 ,f9ancial insecurity ext5ds f> up ! income spectrum1 z too few ,am]icans h suffici5t f9ancial sav+s1 & #a 9 e #c ,am]icans has no f9ancial sav+s at all4 7#d7 ,=ty p]c5t ( ,am]ican families d n h en\gh liquidity to pay = a #djj ra9y day exp5se1 & #dj p]c5t ( ,am]icans are liquid asset poor1 ) em]g5cy sav+s t are too small to cov] basic ne$s 9 ! ev5t ( a surprise exp5se or r$uction 9 income4 #c4 ,refund to ,ra9y ,day ,sav+s ,program 7a7 ,9 g5]al ,n lat] ?an ,decemb] #ca1 #bjai1 ! ,secret>y ( ! ,treasury or ! ,secret>y's delegate 7ref]r$ to 9 ?is section z ! ,secret>y7 %all e/abli% & implem5t a program 7ref]r$ to 9 ?is section z ! ,refund to ,ra9y ,day ,sav+s ,program7 to all[ p>ticipat+ taxpay]s1 pursuant to ! requirem5ts e/abli%$ "u ?is section1 to def] paym5t on #bj p]c5t ( ! am\nt :i* w\ld o!rwise be refund$ to su* taxpay] z an ov]paym5t 7z describ$ 9 section #fdja ( ! ,int]nal ,rev5ue ,code ( #aihf74 7b7 ,p]iod ( def]ral ,except z provid$ "u subsection 7c77#e71 a p>ticipat+ taxpay] may elect to def] paym5t ( ! am\nt describ$ 9 subsection 7a7 & h su* am\nt deposit$ 9 ! ,ra9y ,day ,fund 7z describ$ 9 subsection 7c774 7c7 ,ra9y ,day ,fund 7#a7 ,9 g5]al ,! ,secret>y %all e/abli% a fund1 9 su* mann] z ! ,secret>y det]m9es to be appropriate1 to be kn[n z ! ,ra9y ,day ,fund1 consi/+ ( any am\nts describ$ 9 subsection 7a7 on :i* paym5t has be5 def]r$ by p>ticipat+ taxpay]s4 7#b7 ,inve/m5t ,any am\nts deposit$ 9 ! ,ra9y ,day ,fund %all be inve/$ by ! ,secret>y1 9 coord9ation ) ! ,bureau ( ! ,fiscal ,s]vice ( ! ,dep>tm5t ( ! ,treasury1 9 ,unit$ ,/ates ,treasury bills issu$ "u *apt] #ca ( title #ca1 ,unit$ ,/ates ,code1 ) maturities suitable = ! ne$s ( ! ,fund & select$ s z to provide ! highe/ return on inve/m5t = p>ticipat+ taxpay]s4 7#c7 ,disbursem5ts f fund 7,a7 ,9 g5]al ,on ! date t is #ahj days aft] receipt ( ! individual income tax return ( a p>ticipat+ taxpay]1 ! am\nts 9 ! ,ra9y ,day ,fund %all be made available to ! ,secret>y to di/ribute to su* taxpay] 9 an am\nt equal to ! am\nt def]r$ by su* taxpay] "u subsection 7a7 & any int]e/ accru$ on su* am\nt 7z det]m9$ "u p>agraph 7#d774 7,b7 ,di/ribut$ to bank acc\nt ,! am\nts describ$ 9 subp>agraph 7,a7 %all be di/ribut$ to ! bank acc\nt id5tifi$ by ! p>ticipat+ taxpay] "u subsection 7d77#c74 7#d7 ,int]e/ accru$ ,! am\nt ( int]e/ accru$ on ! am\nt def]r$ by a p>ticipat+ taxpay] "u subsection 7a7 %all be det]m9$ by ! ,secret>y1 9 coord9ation ) ! ,bureau ( ! ,fiscal ,s]vice ( ! ,dep>tm5t ( ! ,treasury1 bas$ ^u ! return on ! inve/m5t ( su* am\nts "u p>agraph 7#b74 7#e7 ,e>ly )drawal 7,a7 ,9 g5]al ,on any date dur+ ! p]iod betwe5 ! date :i* is #cj days aft] receipt by ! ,secret>y ( ! individual income tax return ( ! p>ticipat+ taxpay] & ,octob] #ae ( ! applicable ye>1 su* taxpay] may elect to t]m9ate ! def]ral ( ! am\nt describ$ "u subsection 7a7 & receive a di/ribution f ! ,ra9y ,day ,fund equal to su* am\nt & any int]e/ :i* has accru$ on su* am\nt up to t date4 7,b7 ,complete )drawal ,a p>ticipat+ taxpay] mak+ an election "u subp>agraph 7,a7 mu/ t]m9ate def]ral ( ! full am\nt describ$ "u subsection 7a71 & su* am\nt %all be di/ribut$ to ! bank acc\nt id5tifi$ by ! p>ticipat+ taxpay] "u subsection 7d77#c74 7d7 ,p>ticipat+ taxpay] ,= purposes ( ?is section1 ! t]m p>ticipat+ taxpay] means a taxpay] :o-- 7#a7 has n reque/$ or receiv$ an ext5sion ( ! "t = paym5t ( taxes = su* taxable ye> "u section #fafa ( ! ,int]nal ,rev5ue ,code ( #aihf1 7#b7 prior to ! due date = fil+ ! return ( tax = su* taxable ye>1 elects to p>ticipate 9 ! ,refund to ,ra9y ,day ,sav+s ,program1 & 7#c7 provides ! ,secret>y ) a bank acc\nt numb] & any o!r f9ancial in=mation deem$ necess>y by ! ,secret>y = purposes ( p>agraphs 7#c77;,b7 & 7#e77;,b7 ( subsection 7c74 7e7 ,=ms ,! ,secret>y %all ensure t ! election to def] paym5t ( ! am\nt describ$ 9 subsection 7a7 may be claim$ on ,=ms #ajdj1 #ajdj;,a1 & #ajdj;,,ez4 7f7 ,implem5tation 7#a7 ,educational mat]ials & outrea* ,! ,secret>y %all-- 7,a7 design educational mat]ials = taxpay]s reg>d+ f9ancial sav+s & ! ,refund to ,ra9y ,day ,sav+s ,program1 7,b7 publicly dissem9ate & di/ribute su* mat]ials dur+ ! fir/ cal5d> qu>t] ( ea* cal5d> ye> & foll[+ disbursem5t ( am\nts describ$ 9 subsection 7c77#c71 & 7,c7 engage 9 outrea* reg>d+ ! ,refund to ,ra9y ,day ,sav+s ,program to ! ,volunte] ,income ,tax ,assi/ance program & paid tax prep>]s4 7#b7 ,in=mation = p>ticipat+ taxpay]s ,! ,secret>y %all ensure t a p>ticipat+ taxpay] is able to electronically v]ify ! /atus ( ! am\nt def]r$ by su* taxpay] "u subsection 7a71 includ+ any int]e/ accru$ on su* am\nt & ! /atus ( any di/ribution4 7#c7 ,f$]ally fund$ b5efits ,any am\nts describ$ 9 subsection 7a7 :i* are di/ribut$ to a p>ticipat+ taxpay]1 includ+ any int]e/ accru$ on su* am\nt1 %all be treat$ 9 ! same mann] z any refund made to su* taxpay] "u section #cb ( ! ,int]nal ,rev5ue ,code ( #aihf = purposes ( det]m9+ ! eligibility ( su* taxpay] = b5efits or assi/ance1 or ! am\nt or ext5t ( b5efits or assi/ance1 "u any ,f$]al program or "u any ,/ate or local program f9anc$ 9 :ole or 9 "p ) ,f$]al funds4 #d4 ,assets = ,indep5d5ce ,innovation ,demon/ration ,projects 7a7 ,reau?orization ,! ,assets = ,indep5d5ce ,act 7#db ,u4,s4,c4 #fjd note7 is am5d$-- 7#a7 9 section #daf1 by ins]t+ 1 &1 subject to section #dag1 #be1jjj1jjj = ea* ( fiscal ye>s #bjbj1 #bjba1 #bjbb1 #bjbc1 & #bjbd1 to rema9 available until exp5d$42 & 7#b7 by add+ at ! end ! foll[+ new section3 #dag4 ,res]vation ( funds 7a7 ,9 g5]al ,subject to subsections 7b7 & 7c71 f ! funds appropriat$ = ea* ( fiscal ye>s #bjbj1 #bjba1 #bjbb1 #bjbc1 & #bjbd "u section #daf1 ! ,secret>y %all res]ve-- 7#a7 #c1jjj1jjj = g5]al rese>* & evaluation2 & 7#b7 any am\nts rema9+ aft] application ( p>agraph 7#a7 to fund ,,afi innovation demon/ration projects "u section #dah4 7b7 ,pilot program fund+ ,f ! am\nts res]v$ "u subsection 7a7 = ea* ( fiscal ye>s #bjbj1 #bjba1 & #bjbb1 ! ,secret>y %all make available = op]at+ ! pilot program e/abli%$ "u section #e ( ! ,refund to ,ra9y ,day ,sav+s ,act-- 7#a7 #ej p]c5t ( ! am\nt res]v$ = ! relevant fiscal ye> "u p>agraph 7#a7 ( subsection 7a7 7aft] any adju/m5t "u subsection 7c772 & 7#b7 #be p]c5t ( ! am\nt res]v$ = ! relevant fiscal ye> "u p>agraph 7#b7 ( subsection 7a7 7aft] any adju/m5t "u subsection 7c774 7c7 ,proportional adju/m5t ,9 any ( fiscal ye>s #bjbj1 #bjba1 #bjbb1 #bjbc1 & #bjbd1 if ! am\nt appropriat$ = su* fiscal ye> is great] or less ?an ! am\nt au?oriz$ = su* fiscal ye> "u section #daf1 ! am\nts res]v$ "u subsection 7a7 %all be increas$ or decreas$ = su* fiscal ye> s t ea* su* am\nt be>s ! same proportion to ! am\nt appropriat$ z ea* ( ! am\nts res]v$ "u su* subsection be>s to ! am\nt au?oriz$4 4 7b7 ,e/abli%m5t ( ,innovation ,program ,! ,assets = ,indep5d5ce ,act 7#db ,u4,s4,c4 #fjd note71 z am5d$ by subsection 7a71 is fur!r am5d$ by add+ at ! end ! foll[+ new section3 #dah4 ,,afi ,innovation ,projects 7a7 ,9 g5]al ,! ,secret>y is au?oriz$ to make grants to qualifi$ entities to conduct ,,afi innovation projects "u ?is section4 7b7 ,def9itions ,= purposes ( ?is section3 7#a7 ,,afi innovation project ,! t]m ,,afi innovation project means a demon/ration project c>ri$ out by a qualifi$ entity "u ?is section4 7#b7 ,innovation developm5t acc\nt ,! t]m innovation developm5t acc\nt means an acc\nt t is e/abli%$ 9 a f$]ally insur$ f9ancial in/itution or a ,/ate insur$ f9ancial in/itution & meets su* o!r requirem5ts z are e/abli%$ by ! ,secret>y4 7c7 ,application 7#a7 ,crit]ia & pref]5ces 7,a7 ,9 g5]al ,subject to subp>agraph 7,b71 9 consid]+ an application to conduct an ,,afi innovation project1 ! ,secret>y %all apply subsections 7c7 & 7d7 ( section #dje to ! application 9 ! same mann] t su* subsections apply to an application to conduct a demon/ration project "u section #dje4 7,b7 ,modification ,= purposes ( ?is p>agraph1 p>agraph 7#a7 ( section #dje7;c7 %all be appli$ )\t reg>d to ! phrase ?r\gh activities requir+ "o or m qualifi$ exp5ses4 7#b7 ,approval ( ,,afi innovation projects ,n lat] ?an #ab mon?s aft] ! date ( ! enactm5t ( ?is section1 ! ,secret>y %all1 on a competitive basis1 approve su* applications to conduct ,,afi innovation projects z ! ,secret>y consid]s to be appropriate1 tak+ into acc\nt ! consid]ations requir$ by p>agraph 7#a74 ,! ,secret>y %all ensure1 to ! maximum ext5t practicable1 t ! applications t are approv$ involve a range ( communities 7bo? rural & urban7 & div]se populations4 7d7 ,project duration & grant am\nt 7#a7 ,duration ,! ,secret>y %all aw>d grants "u ?is section = a p]iod n to exce$ #e project ye>s4 7#b7 ,grant am\nt ,= ea* project ye> ( an ,,afi innovation project approv$ "u ?is section1 ! ,secret>y may make a grant to ! qualifi$ entity au?oriz$ to conduct ! project4 ,9 mak+ su* a grant1 ! ,secret>y %all make ! grant on ! fir/ day ( ! project ye> 9 an am\nt n to exce$ ! less] (-- 7,a7 ! aggregate am\nt ( funds committ$ z mat*+ contributions f non-,f$]al public or private sector s\rces2 or 7,b7 #a1jjj1jjj4 7e7 ,eligibility & selection ( individuals ,to p>ticipate 9 an ,,afi innovation project 7#a7 ,eligibility crit]ia ,subject to ! approval ( ! ,secret>y1 ea* qualifi$ entity conduct+ an ,,afi innovation project %all e/abli% eligibility requirem5ts = p>ticipants 9 ! project4 ,su* requirem5ts %all-- 7,a7 be m expansive ?an ! requirem5ts e/abli%$ "u section #djh2 & 7,b7 ensure t eligibility is limit$ to l[-income individuals4 7#b7 ,selection ( individuals to p>ticipate ,ea* qualifi$ entity conduct+ an ,,afi innovation project %all select1 f among ! individuals t meet ! eligibility requirem5ts e/abli%$ by ! entity "u p>agraph 7#a71 ! individuals-- 7,a7 t ! qualifi$ entity det]m9es to be be/ suit$ to p>ticipate2 & 7,b7 to :om ! qualifi$ entity w make disbursem5ts or deposits 9 accordance ) subsection 7f74 7f7 ,disbursem5ts by qualifi$ entities 7#a7 ,9 g5]al ,ea* qualifi$ entity conduct+ an ,,afi innovation project %all1 9 a mann] consi/5t ) ! program requirem5ts e/abli%$ by su* entity1 disburse to a ?ird-p>ty or deposit into ! innovation developm5t acc\nt ( ea* individual p>ticipat+ 9 ! project f ! funds describ$ 9 subsection 7d77#b71 a mat*+ contribution ( n less ?an #j4ej & n m ?an #h = e #a deposit$ 9 ! acc\nt by a project p>ticipant4 7#b7 ,limitation on disbursem5ts = an individual ,n m ?an #e1jjj f a grant made "u subsection 7d77#a7 %all be provid$ to any "o individual ov] ! c\rse ( ! ,,afi innovation project4 7#c7 ,limitation on disbursem5ts = a h\sehold ,n m ?an #aj1jjj f a grant made "u subsection 7d77#a7 %all be provid$ to any "o h\sehold ov] ! c\rse ( ! ,,afi innovation project4 7#d7 ,adju/m5t = inflation 7,a7 ,9 g5]al ,= ea* cal5d> ye> aft] #bjah1 ! doll> am\nts 9 p>agraphs 7#b7 & 7#c7 %all be increas$ by an am\nt equal to ! product (-- 7i7 su* doll> am\nt1 & 7ii7 ! co/-(-liv+ adju/m5t det]m9$ "u section #a7;f77#c7 = ! cal5d> ye>1 det]m9$ by sub/itut+ cal5d> ye> #bjag = cal5d> ye> #aiib 9 subp>agraph 7,b7 !re(4 7,b7 ,r\nd+ ,if any increase det]m9$ "u subp>agraph 7,a7 is n a multiple ( #ej1 su* increase %all be r\nd$ to ! next l[e/ multiple ( #ej4 4 7c7 ,con=m+ am5dm5ts ,! ,assets = ,indep5d5ce ,act 7#db ,u4,s4,c4 #fjd note71 z am5d$ by subsections 7a7 & 7b71 is fur!r am5d$-- 7#a7 9 section #djd7b71 by ins]t+ or section #dah be=e ! p]iod2 7#b7 9 section #djf-- 7,a7 9 subsection 7a71 by /rik+ to conduct a demon/ration project "u ?is title & ins]t+ "u section #dje2 & 7,b7 9 subsection 7b71 by /rik+ conduct$ "u ?is title & ins]t+ approv$ "u section #dje2 7#c7 9 section #djg-- 7,a7 9 subsection 7c7-- 7i7 9 p>agraph 7#a7-- 7,i7 9 subp>agraph 7,a71 by ins]t+ or1 9 ! case ( a p>ticipant 9 a project conduct$ "u section #dah1 o!r p]mitt$ exp5ses aft] qualifi$ exp5ses2 & 7,,ii7 9 subp>agraph 7,b71 by ins]t+ or subsection 7f7 ( section #dah aft] section #daj2 & 7ii7 9 p>agraph 7#c71 by ins]t+ or section #dah7;d77#a72 & 7,b7 9 subsection 7d77#b77;,a71 by ins]t+ or section #dah7;d77#a7 aft] section #djf7;b72 7#d7 9 section #djh1 by /rik+ conduct$ "u ?is title ea* place x appe>s & ins]t+ approv$ "u section #dje2 7#e7 9 section #dji1 by /rik+ conduct$ "u ?is title & ins]t+ approv$ "u section #dje2 7#f7 9 section #daj1 by /rik+ "u ?is title & ins]t+ conduct+ a demon/ration project approv$ "u section #dje2 7#g7 9 section #dac7;a71 by ins]t+ or section #dah7;c7 aft] "u section #dje2 & 7#h7 9 section #dae1 by ins]t+ or innovation developm5t acc\nt aft] individual developm5t acc\nt4 #e4 ,mat*$ ,refund to ,ra9y ,day ,sav+s ,pilot ,program 7a7 ,9 g5]al ,n lat] ?an #f mon?s aft] ! date ( ! enactm5t ( ?is ,act & us+ ! funds made available pursuant to section #dag7;b7 ( ! ,assets = ,indep5d5ce ,act1 ! ,secret>y ( ,heal? & ,human ,s]vices1 act+ ?r\gh ! ,director ( ,community ,s]vices 79 ?is section ref]r$ to z ! ,secret>y71 %all e/abli% "u ?is section a mat*$ sav+s acc\nt pilot program to enc\rage sav+ by eligible individuals4 ,"u ! pilot program1 a qualifi$ entity may apply to ! ,secret>y = a grant to conduct a pilot project describ$ 9 subsection 7b7 79 ?is section ref]r$ to z a pilot project74 ,! pilot program %all op]ate = a p]iod ( #c ye>s4 7b7 ,pilot project describ$ 7#a7 ,9 g5]al ,a pilot project is a project 9 :i* a qualifi$ entity e/abli%es a mat*$ sav+s program t meets ! requirem5ts ( p>agraph 7#b7 = eligible individuals :o are select$ by ! entity to p>ticipate 9 ! program4 7#b7 ,requirem5ts 7,a7 ,deposits into direct deposit acc\nts 7i7 ,9 g5]al ,a mat*$ sav+s program e/abli%$ z "p ( a pilot project %all mat* am\nts sav$ by ea* eligible individual p>ticipat+ 9 ! pilot project1 ) su* mat* am\nt to be equal to or less ?an ! am\nt ( any paym5t def]r$ by su* individual "u ! ,refund to ,ra9y ,day ,sav+s ,program e/abli%$ 9 section #c7;a74 7ii7 ,tim+ ,any am\nt describ$ 9 clause 7i7 %all n be di/ribut$ to an eligible individual until ! am\nts describ$ 9 p>agraphs 7#c77;,b7 or 7#e77;,b7 ( section #c7;c7 h be5 di/ribut$ to ! bank acc\nt id5tifi$ by su* individual4 7,b7 ,evaluation ( program by indep5d5t rese>* organization 7i7 ,9 g5]al ,f am\nts made available "u section #dag7;b77#b7 ( ! ,assets = ,indep5d5ce ,act1 z add$ by section #d7;a77#b7 ( ?is ,act1 ! ,secret>y %all ent] into a contract ) an indep5d5t rese>* organization = purposes ( evaluat+ pilot projects conduct$ "u ?is section4 7ii7 ,coord9ation ,ea* qualifi$ entity t e/abli%es a mat*$ sav+s program z "p ( a pilot project %all collaborate ) ! indep5d5t rese>* organization describ$ 9 clause 7i7 to evaluate ! outcomes & impact ( ! project4 7iii7 ,impact on diff]5t gr\ps ,! evaluation describ$ 9 clause 7i7 %all include an exam9ation ( ! demographic *>act]i/ics ( ! individuals p>ticipat+ 9 ! pilot project1 su* z g5d]1 race1 age1 geographic location1 & family makeup1 & h[ ! impacts ( ! project v>y among diff]5t demographic gr\ps4 7iv7 ,program features ,! program features to be evaluat$ ?r\gh ! pilot projects conduct$ "u ?is section may include-- 7,i7 diff]5t levels ( mat*+ contributions by qualifi$ entities2 7,,ii7 lock-out p]iods dur+ :i* an eligible individual may n make )drawals f _! acc\nt2 & 7,,iii7 educational mat]ials int5d$ to promote sav+s4 7#c7 ,duration ,a pilot project %all be = a duration ( n m ?an #c ye>s4 7#d7 ,f$]ally fund$ b5efits ,any am\nts describ$ 9 p>agraph 7#b77;,a7 :i* are di/ribut$ to an eligible individual %all be treat$ 9 ! same mann] z any refund made to su* taxpay] "u section #cb ( ! ,int]nal ,rev5ue ,code ( #aihf = purposes ( det]m9+ ! eligibility ( su* taxpay] = b5efits or assi/ance1 or ! am\nt or ext5t ( b5efits or assi/ance1 "u any ,f$]al program or "u any ,/ate or local program f9anc$ 9 :ole or 9 "p ) ,f$]al funds4 7c7 ,/rategic communications plan ,! ,secret>y %all devise a /rategic communications plan to ensure a /rong pilot program4 7d7 ,annual report to ,congress ,! ,secret>y %all submit an annual report to ,congress on ! progress & outcomes ( ! pilot program e/abli%$ "u ?is section4 7e7 ,def9itions ,9 ?is section3 7#a7 ,eligible individual ,! t]m eligible individual means an individual :o-- 7,a7 has def]r$ paym5t ( ! am\nt describ$ 9 section #c7;a7 "u ! ,refund to ,ra9y ,day ,sav+s ,program e/abli%$ 9 su* section1 & 7,b7 meets ! eligibility requirem5ts "u section #djh ( ! ,assets = ,indep5d5ce ,act1 except t subsection 7a77#b7 ( su* section %all n apply4 7#b7 ,qualifi$ entity 7,a7 ,9 g5]al ,! t]m qualifi$ entity means-- 7i7 "o or m n-=-pr(it organizations describ$ 9 section #eja7;c77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf & exempt f taxation "u section #eja7;a7 ( su* ,code2 7ii7 a ,/ate or local gov]nm5t ag5cy1 or a tribal gov]nm5t1 submitt+ an application to conduct a pilot project jo9tly ) an organization describ$ 9 clause 7i72 7iii7 a site t (f]s free tax help to individuals :o qualify ?r\gh ! ,int]nal ,rev5ue ,s]vice's ,volunt>y ,income ,tax ,assi/ance or ,tax ,c\nsel+ = ! ,eld]ly programs2 or 7iv7 an entity t-- 7,i7 is-- 7aa7 a cr$it union designat$ z a l[-income cr$it union by ! ,national ,cr$it ,union ,adm9i/ration2 or 7bb7 an organization designat$ z a community developm5t f9ancial in/itution by ! ,secret>y ( ! ,treasury 7or ! ,community ,developm5t ,f9ancial ,in/itutions ,fund72 & 7,,ii7 c demon/rate a collaborative relation%ip ) a local community-bas$ organization ^: activities are design$ to address pov]ty 9 ! community & ! ne$s ( community memb]s = economic indep5d5ce & /ability4 7v7 ,rule ( con/ruction ,no?+ 9 ?is p>agraph %all be con/ru$ z prev5t+ an organization describ$ 9 subp>agraph 7,a77i7 f collaborat+ ) a f9ancial in/itution or =-pr(it community developm5t corporation to c>ry out ! purposes ( ?is section4