,i  #aai? ,,congress  #a/ ,session  ,h4 
,r4 #dihe  ,,9 ,,! ,,h\se ,,(           
,,repres5tatives  ,augu/ #ae1 #bjbe,mr4 
,m55dez 7= himself1 ,mr4 ,?an$>1 ,mr4   
,c>t] ( ,l\isiana1 ,ms4 ,norton1 & ,mrs4
 ,mc,iver7 introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,f9ancial   
,s]vices1 & 9 addition to ! ,committee  
on ,natural ,res\rces1 = 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 au?orize !      
,secret>y ( ,h\s+ & ,urban ,developm5t  
to e/abli% a program enabl+ communities 
to bett] lev]age res\rces to address    
heal?1 economic developm5t1 &           
cons]vation conc]ns ?r\gh ne$$ inve/m5ts
 9 p>ks1 recreational areas1 facilities1
 & programs1 & = o!r purposes4  #a4     
,%ort title & table ( cont5ts  7a7 ,%ort
 title ,?is ,act may be cit$ z !        
,community ,p>ks ,revitalization ,act4  
7b7 ,table ( cont5ts ,! table ( cont5ts 
= ?is ,act is z foll[s3  ,sec4 #a4 ,%ort

 title & table ( cont5ts4 ,title        
,i--,community p>ks revitalization      
program ,sec4 #aja4 ,purposes4 ,sec4    
#ajb4 ,community p>ks revitalization    
program4 ,sec4 #ajc4 ,requirem5ts =     
rehabilitation & con/ruction grants4    
,sec4 #ajd4 ,requirem5ts = innovation & 
recreation program grants4 ,sec4 #aje4  
,local commitm5ts to sy/em recov]y &    
ma9t5ance4 ,sec4 #ajf4 ,mat*+ ( ,/ate   
am\nts1 ,/ate action inc5tive4 ,sec4    
#ajg4 ,conv]sion ( recreation prop]ty4  
,sec4 #ajh4 ,coord9ation ( program4     
,sec4 #aji4 ,reports2 recordkeep+2 audit
 & exam9ation4 ,sec4 #aaj4 ,reports to  
,congress4 ,sec4 #aaa4 ,def9itions4     
,sec4 #aab4 ,regulations4 ,sec4 #aac4   
,au?orization ( appropriations4 ,title  
,,ii--,secur$ loans & loan gu>antees =  
p>ks & recreation infra/ructure         
developm5t ,sec4 #bja4 ,purposes4 ,sec4 
#bjb4 ,au?ority to provide assi/ance4   
,sec4 #bjc4 ,eligible entities4 ,sec4   
#bjd4 ,projects eligible = assi/ance4   
,sec4 #bje4 ,activities eligible =      

assi/ance4 ,sec4 #bjf4 ,applications4   
,sec4 #bjg4 ,det]m9ation ( eligibility &
 project selection4 ,sec4 #bjh4 ,secur$ 
loans & loan gu>antees4 ,sec4 #bji4     
,program adm9i/ration4 ,sec4 #baj4 ,/ate
 & local p]mits4 ,sec4 #baa4            
,def9itions4 ,sec4 #bab4 ,regulations4  
,sec4 #bac4 ,fund+4 ,sec4 #bad4 ,report 
to ,congress4  ,i ,community p>ks       
revitalization program  #aja4 ,purposes 
,! purposes ( ?is title are-- 7#a7 to   
au?orize ! ,secret>y ( ,h\s+ & ,urban   
,developm5t to e/abli% a program enabl+ 
communities to bett] lev]age res\rces to
 address heal?1 economic developm5t1 &  
cons]vation conc]ns ?r\gh ne$$ inve/m5ts
 9 p>ks1 recreational areas1 facilities1
 & programs2  7#b7 to improve &         
revitalize urban areas ?r\gh economic   
developm5t2  7#c7 to prev5t & improve   
*ronic disease outcomes1 includ+        
c>diovascul> disease1 diabetes1         
depression1 & obesity2  7#d7 to improve 
recreational areas & facilities & exp&  
recreation s]vices 9 urban areas ) a    

high incid5ce ( crime & help exp&       
recreation opportunities = at-risk y\?2 
7#e7 to promote collaboration betwe5    
local ag5cies involv$ 9 p>ks &          
recreation1 law en=cem5t1 y\? social    
s]vices1 & juv5ile ju/ice sy/em2  7#f7  
to ensure accessibility to !rapeutic    
recreation s]vices & to provide         
recreation opportunities = injur$ or    
disabl$ memb]s ( ! ,arm$ ,=ces2 &  7#g7 
to enc\rage ! use ( environm5tally      
responsible compon5ts & su/a9able       
l&scape features1 & promote co/         
effective solutions to issues su* z /orm
 wat] managem5t1 wat] cons]vation1 & air
 quality4  #ajb4 ,community p>ks        
revitalization program  7a7 ,9 g5]al ,! 
,secret>y ( ,h\s+ & ,urban ,developm5t  
%all c>ry out a community p>ks          
revitalization program "u ?is title "u  
:i* ! ,secret>y %all1 f am\nts          
appropriat$ pursuant to section #aad1   
aw>d ! foll[+ grants on a competitive   
basis3 7#a7 ,rehabilitation &           
con/ruction grants ,! ,secret>y %all    

make rehabilitation & con/ruction       
capital grants 9 accordance ) ! crit]ia 
e/abli%$ pursuant to section #ajd7;a7 to
 eligible local gov]nm5ts = ! purpose   
(--  7,a7 rebuild+1 remodel+1 exp&+1    
integrat+1 or develop+ exi/+ or build+  
new recreational areas & facilities1    
includ+ improvem5ts 9 p>k l&scapes1     
infra/ructure1 build+s1 & support       
facilities2 &  7,b7 ! provision (       
light+1 em]g5cy phones1 or o!r capital  
improvem5ts to improve ! security (     
urban p>ks1 b n includ+ r\t9e ma9t5ance 
& upkeep activities4  7#b7 ,innovation &
 recreation program grants ,! ,secret>y 
%all make innovation & recreation       
program grants 9 accordance ) ! crit]ia 
e/abli%$ pursuant to section #aje7;a7 to
 eligible local gov]nm5ts to cov] co/s (
 p]sonnel1 facilities1 equipm5t1        
supplies1 or s]vices design$ to         
demon/rate innovative & co/ effective   
ways to augm5t p>k & recreation         
opportunities1 or support new or exi/+  
programs1 t increase access to          

recreation opportunities = return+      
vet]ans & active duty milit>y & _!      
families or provide con/ructive         
alt]natives = y\? at risk = engag+ 9    
crim9al behavior4  7#c7 ,recov]y action 
program grants ,! ,secret>y %all make   
recov]y action program grants to        
eligible local gov]nm5ts = plann+ &     
developm5t ( local p>k & recreation     
recov]y action programs requir$ "u      
section #ajf1 includ+ = res\rce & ne$s  
assessm5t1 coord9ation1 citiz5          
involvem5t & plann+1 & program          
developm5t activities to enc\rage public
 def9ition ( goals & develop priorities 
& /rategies = ov]all recreation sy/em   
recov]y4  7b7 ,eligibility  7#a7 ,9     
g5]al ,= ! purposes ( ?is title1 any    
local gov]nm5t locat$ )9 a /&>d         
metropolitan /ati/ical area1 z det]m9$ 9
 accordance ) ! mo/ rec5t dec5nial      
,c5sus1 %all be eligible to apply = &   
receive grant aw>ds pursuant to         
subsection 7a74  7#b7 ,p>tial           
eligibility waiv]  7,a7 ,designation ,! 

,secret>y may designate local gov]nm5ts 
n locat$ )9 /&>d metropolitan /ati/ical 
areas1 z det]m9$ 9 accordance ) ! mo/   
rec5t dec5nial ,c5sus1 z eligible to    
receive grant aw>ds pursuant to         
subsection 7a74  7,b7 ,limitation on    
am\nts ,! aggregate am\nt ( grants made 
to eligible local gov]nm5ts t receive   
su* /atus pursuant to subp>agraph 7,a7 (
 ?is p>agraph %all n exce$ #ae p]c5t ( !
 total am\nts appropriat$ pursuant to   
?is title = all grants "u subsection    
7a74  7c7 ,mat*+ requirem5t  7#a7 ,9    
g5]al ,! ,secret>y %all ensure t ea*    
eligible local gov]nm5t t receives a    
grant pursuant to subsection 7a7 %all   
supplem5t1 9 accordance ) ?is           
subsection1 ! am\nt receiv$ "u su* grant
 ) an am\nt t is n less ?an #c_/g ( su* 
grant am\nt2 except t1 9 ! case ( grants
 "u subsection 7a77#c71 ! ,secret>y %all
 ensure t ea* eligible local gov]nm5t   
%all supplem5t ! am\nt receiv$ "u su*   
grant ) am\nt t is n less ?an su* grant 
am\nt4  7#b7 ,use ,supplem5tal am\nts   

made available 9 accordance ) p>agraph  
7#a7 %all be us$ only = projects &      
activities = :i* grant am\nts are       
eligible to be us$4  7#c7 ,s\rces =     
supplem5tal funds  7,a7 ,limitation on  
,f$]al funds ,supplem5tal funds requir$ 
by p>agraph 7#a7 may n include any      
am\nts made available f a ,f$]al grant  
program1 o!r ?an--  7i7 ! community     
developm5t block grant program "u title 
,i ( ! ,h\s+ & ,community ,developm5t   
,act ( #aigd 7#db ,u4,s4,c4 #ecja et    
seq472  7ii7 any ,f$]al program = g5]al 
rev5ue %>+ ) local gov]nm5ts2 or  7iii7 
any ,f$]al program t provides block     
grants to ,/ates & localities to        
develop1 promote1 implem5t1 & manage    
en]gy effici5cy & cons]vation projects &
 programs design$ to r$uce fossil fuel  
emissions1 r$uce en]gy use1 improve     
en]gy effici5cy1 & create & reta9 jobs4 
7,b7 ,/ate & private am\nts ,! ,secret>y
 may require t a portion ( ! supplem5tal
 funds requir$ by p>agraph 7#a7 come f !
 ,/ate or private s\rces4  7,c7         

,non-f$]al funds ,supplem5tal funds     
requir$ by p>agraph 7#a7 may include--  
7i7 g5]al or specific purpose ,/ate or  
local rev5ues2  7ii7 ,/ate categorical  
grants2  7iii7 special appropriations "u
 ,/ate law2  7iv7 donations ( l&1       
build+1 or build+ mat]ials2  7v7 9-k9d  
con/ruction1 te*nical1 & plann+ s]vices2
 &  7vi7 any comb9ation ( funds describ$
 9 ?is subp>agraph4  7,d7 ,exception ,! 
,secret>y %all waive ! supplem5tal funds
 requirem5t "u subp>agraph 7,a7 if-- 7i7
 ! eligible local gov]nm5t is locat$ 9 a
 rural area1 z det]m9$ by ! ,secret>y2  
or  7ii7 ! eligible local gov]nm5t has  
demon/rat$ economic h>d%ip1 z det]m9$ by
 ! ,secret>y4  7d7 ,transf] ,at !       
discretion ( an eligible local gov]nm5t 
receiv+ a rehabilitation & con/ruction  
grant "u subsection 7a77#a7 or an       
innovation & recreation program grant "u
 subsection 7a77#b71 & if consi/5t ) !  
approv$ application = su* grant1 ! grant
 may be transf]r$ 9 :ole or 9 "p to     
private nonpr(it ag5cies1 provid$ t     

assi/$ recreational areas & facilities  
own$ or manag$ by su* private nonpr(it  
ag5cies (f] recreation opportunities to 
! g5]al population )9 ! jurisdictional  
b\nd>ies ( ! local gov]nm5t4  7e7       
,paym5ts ,grant paym5ts may be made only
 = rehabilitation & con/ruction or      
innovation & recreation projects &      
programs approv$ by ! ,secret>y4 ,9 !   
case ( rehabilitation & con/ruction &   
innovation projects1 su* paym5ts may be 
made p]iodically consi/5t ) ! rate (    
progress t[>d ! satisfactory completion 
( a project1 except t ! ,secret>y may1  
:5 appropriate1 make advance paym5ts on 
approv$ rehabilitation & con/ruction &  
innovation projects 9 an am\nt n to     
exce$ #bj p]c5t ( ! total project co/4  
7f7 ,modification ( project ,! ,secret>y
 may au?orize modification ( an approv$ 
rehabilitation & con/ruction or         
innovation project only :5 a grantee has
 adequately demon/rat$ t su*            
modification is necess>y because (      
circum/ances n =eseeable at ! "t su*    

project 0 propos$4  #ajc4 ,requirem5ts =
 rehabilitation & con/ruction grants    
7a7 ,priority crit]ia ,! ,secret>y %all 
e/abli% priority crit]ia = ! selection &
 approval ( projects to be fund$ by a   
rehabilitation & con/ruction grant made 
pursuant to section #ajc7;a77#a71 :i*   
%all include :e!r & ! ext5t to :i* !    
project w\ld-- 7#a7 s]ve a community ) a
 high population d5sity2  7#b7 address  
demon/rat$ defici5cies 9 ! condition (  
exi/+ recreational areas & facilities 9 
! project neighborhood2  7#c7 address   
demon/rat$ defici5cies 9 access to      
neighborhood recreation opportunities1  
p>ticul>ly = m9ority & l[- &            
mod]ate-income resid5ts1 vet]ans or     
active duty milit>y families1 & resid5ts
 ) physical or m5tal disabilities2  7#d7
 s]ve a community ) a high] ?an av]age  
numb] ( unemploy$ p z a p]c5tage ( !    
civilian labor =ce ( ! project          
neighborhood2  7#e7 include public      
p>ticipation 9 det]m9+ rehabilitation or
 developm5t ne$s & ! ext5t to :i* a     

project supports or complem5ts t>get    
activities und]tak5 z "p ( a local      
gov]nm5t's ov]all community developm5t &
 urban revitalization program2  7#f7    
provide employm5t opportunities =       
m9orities1 y\?1 & l[- & mod]ate-income  
resid5ts 9 ! project neighborhood2  7#g7
 provide = p>ticipation ( neighborhood1 
nonpr(it1 or t5ant organizations 9 !    
propos$ rehabilitation & con/ruction    
activity or 9 subsequ5t ma9t5ance1      
/aff+1 or sup]vision ( recreational     
areas & facilities2  7#h7 demon/rate    
,/ate1 local1 & private support = !     
project1 z evid5c$ by commitm5ts (      
non-,f$]al res\rces to project          
con/ruction or op]ation2  7#i7 build    
recreational areas & facilities 9 areas 
t are locat$ )9 "o-half ( a mile (      
public h\s+ or a s*ool & d n curr5tly h 
indoor or outdoor facilities2  7#aj7    
create1 ma9ta91 or revitalize playgr\nds
 or active play areas = *ildr52  7#aa7  
connect *ildr5 to ! outdoors = physical 
activity & access to nature2  7#ab7     

promote physical activity = individuals 
& ! community at l>ge2  7#ac7 "w        
collaboratively ) local gov]nm5ts1      
colleges1 & univ]sities1 & o!r          
in/itutions to track ! longitud9al rates
 ( *ronic diseases 9 ! community su* z  
c>diovascul> disease1 diabetes1         
depression1 & obesity2  7#ad7 use       
environm5tally b5eficial compon5ts su* z
 su/a9able l&scape features & upcycl$ & 
recycl$ mat]ials2  7#ae7 provide        
environm5tal b5efits to urban areas1 by 
includ+--  7,a7 updat+ light+2  7,b7    
plant+ trees2  7,c7 increas+ ! urban    
=e/ry canopy2  7,d7 improv+ /ormwat]    
managem5t2  7,e7 increas+ gre5          
infra/ructure2  7,f7 employ+ wat]       
cons]vation measures2 or  7,g7 add+ gre5
 spaces2  7#af7 connect to public       
transportation2  7#ag7 apply ! ,,le$    
,gre5 ,build+ ,guidel9es ( ! ,u4,s4     
,gre5 ,build+ ,c\ncil or o!r            
su/a9ability b5*m>ks t incorporate en]gy
 effici5cy compon5ts1 su* z en]gy       
effici5t light+ & heat+ v5tilation & air

 condition+ 7,,hvac7 sy/ems & apply !   
,,sites su/a9able l&scape guidel9es ( ! 
,su/a9able ,sites ,initiative2  7#ah7   
conta9 safe trails or r\tes1 su* z      
trails1 bikeways1 & sidewalks t connect 
to neighborhoods & enhance access to    
p>ks & recreational areas & facilities2 
&  7#ai7 update exi/+ equipm5t or       
facilities or con/ruct new facilities or
 sites1 to comply ) ! mo/ rec5t         
accessibility guidel9es publi%$ by !    
,unit$ ,/ates ,access ,bo>d1            
specifically by remov+ ar*itectural     
b>ri]s s t sites comply or exce$ !      
requirem5ts ( ! f9al guidel9es = !      
accessibility ( recreational areas &    
facilities4  7b7 ,limitation on use (   
funds ,n m ?an #aj p]c5t ( any am\nts   
made available pursuant to section #aad 
= rehabilitation & con/ruction grants "u
 section #ajc7;a77#a7 9 any fiscal ye>  
may be us$ = ! acquisition ( l&s or     
int]e/s 9 l&4  #ajd4 ,requirem5ts =     
innovation & recreation program grants  
7a7 ,priority crit]ia ,! ,secret>y %all 

e/abli% priority crit]ia = ! selection &
 approval ( projects & programs to be   
fund$ by an innovation & recreation     
program grant made pursuant to section  
#ajc7;a77#b71 includ+ :e!r & ! ext5t to 
:i* ! project or program-- 7#a7 promotes
 ! unique integration ( recreation ) o!r
 community s]vices1 su* z               
transportation1 public h\s+ & public    
safety1 ei!r to exp& or update curr5t   
s]vices or to l9k programs )9 ! social  
s]vice /ructure ( a neighborhood or     
betwe5 neighborhoods2  7#b7 utilizes new
 managem5t & co/-sav+ or s]vice-effici5t
 approa*es = improv+ ! deliv]y (        
recreation s]vices2  7#c7 s]ves         
communities ) a high population ( active
 milit>y families or vet]ans2  7#d7     
ensures accessibility to !rapeutic      
recreation s]vices & provides recreation
 opportunities = injur$ or disabl$      
memb]s ( ! ,arm$ ,=ces2  7#e7 employs   
vet]ans or y\?1 or uses y\? volunte]s2  
7#f7 enhances or exp&s y\? developm5t 9 
neighborhoods & communities by engag+   

y\? 9 environm5tal /ew>d%ip1            
cons]vation1 & s]vice projects2  7#g7   
t>gets y\? t are at ! greate/ risk (    
becom+ involv$ 9 viol5ce & crime2  7#h7 
demon/rates pa/ success 9 provid+       
con/ructive alt]natives to y\? at risk =
 engag+ 9 crim9al behavior2  7#i7       
demon/rates collaboration betwe5 local  
p>k & recreation1 juv5ile ju/ice1 law   
en=cem5t1 & y\? social s]vice ag5cies & 
nongov]nm5tal entities1 includ+ private1
 nonpr(it ag5cies2 &  7#aj7 %[s !       
greate/ pot5tial ( be+ cont9u$ )        
non-,f$]al funds or may s]ve z models = 
o!r communities4  7b7 ,special          
consid]ations ,ea* innovation &         
recreation program grant %all be us$ 9  
accordance ) ! goals1 priorities1 &     
implem5tation /rategies express$ 9 !    
local p>k & recreation recov]y action   
program e/abli%$ pursuant to section    
#ajf = ! eligible local gov]nm5t receiv+
 ! grant1 ) p>ticul> reg>d to ! special 
consid]ations set =? 9 ! program        
pursuant to section #ajf7;b74  #aje4    

,local commitm5ts to sy/em recov]y &    
ma9t5ance  7a7 ,local p>k & recreation  
recov]y action programs  7#a7 ,9 g5]al  
,z a requirem5t = approval ( a project  
or program = a grant "u p>agraph 7#a7 or
 7#b7 ( section #ajc7;a71 ! eligible    
local gov]nm5t apply+ = ! grant %all    
submit to ! ,secret>y a local p>k &     
recreation recov]y action program t--   
7,a7 provides evid5ce ( its commitm5t to
 ongo+ plann+1 rehabilitation1 s]vice1  
op]ation1 & ma9t5ance programs = its p>k
 & recreation sy/ems2 &  7,b7 maximizes 
coord9ation ( all community res\rces1   
includ+ o!r f$]ally support$ urban      
developm5t & recreation programs4  7#b7 
,int]im prelim9>y programs ,! ,secret>y 
%all provide1 by regulation1 t dur+ an  
initial int]im p]iod ! requirem5t "u    
p>agraph 7#a7 = an eligible local       
gov]nm5t to submit a local p>k &        
recreation recov] action program may be 
satisfi$ by submission ( a prelim9>y    
action program to be c>ri$ out by !     
eligible local gov]nm5t t def9es        

objectives1 priorities1 & implem5tation 
/rategies = ov]all sy/em recov]y &      
ma9t5ance & commit su* local gov]nm5t to
 a s*$ul$ program developm5t process4   
7#c7 #e-ye> action program ,aft] !      
expiration ( ! int]im p]iod "u p>agraph 
7#b71 ea* eligible local gov]nm5t t     
applies = a grant "u p>agraph 7#a7 or   
7#b7 ( section #ajc7;a7 %all1 z a       
condition ( eligibility = su* grant1    
submit to ! ,secret>y a #e-ye> p>k &    
recreation recov]y action program t     
demon/rates-- 7,a7 id5tification (      
recov]y objectives1 priorities1 &       
implem5tation /rategies2  7,b7 adequate 
plann+ = rehabilitation ( specific      
recreational areas & facilities1 includ+
 projections ( ! co/ ( propos$ projects2
  7,c7 capacity & commitm5t to ensure t 
facilities provid$ or improv$ "u ?is    
title %all !reaft] cont9ue to be        
adequately ma9ta9$1 protect$1 /aff$1 &  
sup]vis$2  7,d7 int5tion to ma9ta9 total
 local public outlays = p>k & recreation
 purposes at levels at lea/ equal to ^? 

9 ! ye> prec$+ t 9 :i* grant assi/ance  
is s\ght1 except 9 any case :]e a       
r$uction 9 p>k & recreation outlays is  
proportionate to a r$uction 9 ov]all    
sp5d+ by ! applicant2 &  7,e7 !         
relation%ip ( ! p>k & recreation recov]y
 action program to ov]all community     
developm5t & urban revitalization ef=ts4
  7#d7 ,cont9u+ plann+ process ,!       
,secret>y may1 9 su* cases z ! ,secret>y
 consid]s appropriate1 enc\rage local   
gov]nm5ts to meet recov]y action program
 requirem5ts "u ?is section ?r\gh a     
cont9u+ plann+ process t includes       
p]iodic improvem5ts & updates 9 recov]y 
action program submissions to elim9ate  
id5tifi$ gaps 9 program in=mation &     
policy developm5t4  7b7 ,special        
consid]ations ,ea* local p>k &          
recreation recov]y action program       
requir$ by ?is section %all address1 at 
a m9imum1 ! foll[+ special              
consid]ations3  7#a7 ,rehabilitation (  
exi/+ recreational areas & facilities1  
includ+-- 7,a7 g5]al sy/emwide          

r5ovation2  7,b7 special rehabilitation 
requirem5ts = recreational areas &      
facilities 9 areas ( high population    
conc5tration & economic di/ress2 &  7,c7
 re/oration ( out/&+ or unique          
/ructures1 l&scap+1 or simil> features 9
 p>ks ( hi/orical or ar*itectural       
significance4  7#b7 ,local commitm5ts to
 innovative & co/-effective programs &  
projects at ! neighborhood level to     
augm5t recov]y ( p>k & recreation       
sy/ems1 includ+-- 7,a7 recycl+ ( ab&on$ 
s*ools & o!r public build+s = recreation
 purposes2  7,b7 multiple use ( op]at+  
educational & o!r public build+s2  7,c7 
pur*ase ( recreation s]vices on a       
contractual basis2  7,d7 use ( mobile   
facilities & recreational1 cultural1 &  
educational programs or o!r innovative  
approa*es to improv+ access =           
neighborhood resid5ts2  7,e7 integration
 ( ! recov]y action program ) f$]ally   
assi/$ projects to maximize recreation  
opportunities ?r\gh conv]sion ( ab&on$  
railroad & highway rights-(-way1        

wat]front1 & o!r r$evelopm5t ef=ts & su*
 o!r f$]ally assi/$ projects1 z         
appropriate2  7,f7 conv]sion to         
recreational use ( /reet space1 d]elict 
l&1 & o!r public l&s n n[ designat$ =   
neighborhood recreational use2 &  7,g7  
use ( v>i\s =ms ( comp5sat$ &           
uncomp5sat$ l& regulation1 tax          
inducem5ts1 or o!r means to enc\rage !  
private sector to provide neighborhood  
p>k & recreation facilities & programs4 
7c7 ,publication ( requirem5ts ,!       
,secret>y %all e/abli% & publi% 9 !     
,f$]al ,regi/] requirem5ts = prep>ation1
 submission1 & updat+ ( local p>k &     
recreation recov]y action programs      
requir$ "u ?is section4  7d7 ,innovation
 & recreation program grants = at-,risk 
y\? ,to be eligible to receive an       
innovation & recreation program grant "u
 section #ajc7;a77#b7 to be us$ to      
provide recreation opportunities or     
programs = at-risk y\?1 an eligible     
local gov]nm5t %all--  7#a7 include 9   
its #e-ye> p>k & recreation recov]y     

action program requir$ "u subsection    
7a77#c7 ! goal (-- 7,a7 utiliz+ new     
ideas1 concepts1 & approa*es aim$ at    
improv+ facility design1 op]ations1 or  
programm+ 9 ! deliv]y ( recreation      
s]vices2  7,b7 increas$ access (        
!rapeutic or o!r recreation s]vices to  
vet]ans & milit>y families2 or  7,c7    
r$uc+ crime & juv5ile del9qu5cy2 &  7#b7
 provide a description (-- 7,a7         
implem5tation /rategies to a*ieve su*   
goals2 &  7,b7 h[ ! local gov]nm5t is   
coord9at+ its recreation programs ) o!r 
community developm5t or s]vice ag5cies4 
#ajf4 ,mat*+ ( ,/ate am\nts1 ,/ate      
action inc5tive  7a7 ,increase 9 grant  
am\nts ,! ,secret>y may increase ,f$]al 
rehabilitation & con/ruction1           
innovation1 & at-risk y\? recreation    
grants au?oriz$ 9 section #ajc7;a7 by   
provid+ an additional mat* equal to !   
total mat* provid$ by a ,/ate ( up to   
#ae p]c5t ( total project or program    
co/s1 except t 9 no ev5t may--  7#a7 su*
 additional grant am\nt exce$ #ae p]c5t 

( ! total project or program co/2 or    
7#b7 ! aggregate am\nt ( ! grant & !    
additional grant am\nts "u ?is          
subsection exce$ #he p]c5t ( total      
project or program co/4  7b7 ,/ate      
action inc5tive ,! ,secret>y %all fur!r 
enc\rage ! ,/ates to assi/ 9 assur+ t   
local recov]y plans & programs are      
adequately implem5t$ by coop]at+ ) !    
,dep>tm5t ( ,h\s+ & ,urban ,developm5t 9
 monitor+ local p>k & recreation recov]y
 action programs & 9 assur+ consi/5cy ( 
su* plans & programs1 :]e appropriate1 )
 ,/ate recreation policies z set =? 9   
/atewide compreh5sive outdoor recreation
 plans4  #ajg4 ,conv]sion ( recreation  
prop]ty  7a7 ,no conv]sion )\t approval 
,no prop]ty improv$ or develop$ )       
assi/ance "u a grant "u ?is title may be
 conv]t$ = uses o!r ?an = public        
recreation1 )\t ! approval ( !          
,secret>y4  7b7 ,/&>d = approval ,!     
,secret>y may approve su* conv]sion     
only-- 7#a7 if ! ,secret>y det]m9es !   
conv]sion to be consi/5t ) ! curr5t     

local p>k & recreation recov]y action   
program = ! local gov]nm5t t improv$ or 
develop$ ! prop]ty2 &  7#b7 subject to  
su* conditions z ! ,secret>y det]m9es   
necess>y to ensure ! provision (        
adequate recreation prop]ties &         
opportunities ( reasonably equival5t    
location & usefulness4  #ajh4           
,coord9ation ( program ,! ,secret>y     
%all--  7#a7 coord9ate ! community p>ks 
revitalization program = grants "u ?is  
title ) o!r ,f$]al dep>tm5ts & ag5cies &
 ) ,/ate ag5cies t adm9i/] programs &   
policies affect+ urban areas su* z !    
,:ite ,h\se ,(fice ( ,urban ,policy &   
dep>tm5ts t adm9i/] programs & policies 
affect+ climate *ange1 gre5 jobs1 h\s+1 
urban developm5t1 natural res\rces      
managem5t1 employm5t1 transportation1   
community s]vices1 & volunt>y action2   
7#b7 enc\rage maximum coord9ation ( !   
program betwe5 appropriate ,/ate ag5cies
 & local gov]nm5t applicants2 &  7#c7   
require t local gov]nm5t applicants     
include provisions = p>ticipation (     

community & neighborhood resid5ts1      
includ+ y\?1 & = public-private         
coord9ation 9 recov]y action program    
plann+ & project selection4  #aji4      
,reports2 recordkeep+2 audit &          
exam9ation  7a7 ,reports ,ea* recipi5t (
 assi/ance "u ?is title %all submit to !
 ,secret>y1 = ea* fiscal ye> su*        
assi/ance is receiv$1 an annual report  
detail+ ! projects & programs und]tak5 )
 su* assi/ance1 ! numb] ( jobs creat$ by
 su* assi/ance1 & any o!r in=mation !   
,secret>y det]m9es appropriate bas$ on !
 priority crit]ia e/abli%$ by !         
,secret>y "u sections #aje & #ajf4  7b7 
,recordkeep+ ,ea* recipi5t ( assi/ance  
"u ?is title %all keep su* records z !  
,secret>y %all prescribe1 includ+       
records t fully disclose ! am\nt &      
disposition ( project or program        
und]tak+s 9 connection ) :i* assi/ance  
"u ?is title is giv5 or us$1 & ! am\nt &
 nature ( t portion ( ! co/ ( ! project 
or program und]tak+ suppli$ by o!r      
s\rces1 & su* o!r records z w facilitate

 an effective audit4  7c7 ,audit &      
exam9ation ,! ,secret>y & ! ,comptroll] 
,g5]al ( ! ,unit$ ,/ates1 or _! duly    
au?oriz$ repres5tatives1 %all h access1 
= ! purpose ( audit & exam9ation1 to any
 books1 docum5ts1 pap]s1 & records ( a  
recipi5t ( assi/ance "u ?is title t are 
p]t95t to su* assi/ance4  #aaj4 ,reports
 to ,congress  7a7 ,int]im report ,n    
lat] ?an #e ye>s aft] ! date ( enactm5t 
( ?is ,act1 ! ,secret>y %all submit to !
 ,congress an int]im report conta9+ su* 
f9d+s & recomm5dations z ! ,secret>y    
det]m9es appropriate ) respect to !     
community p>ks revitalization program   
e/abli%$ pursuant to ?is title4  7b7    
,f9al report ,n lat] ?an #aj ye>s aft] !
 date ( enactm5t ( ?is ,act1 ! ,secret>y
 %all submit to ,congress a report      
describ+ ! ov]all impact ( ! community  
p>ks revitalization program e/abli%$    
pursuant to ?is title4  #aaa4           
,def9itions ,9 ?is title1 ! foll[+      
def9itions %all apply3 7#a7 ,! t]m      
eligible local gov]nm5t means a local   

gov]nm5t t1 pursuant to section         
#ajc7;b71 is eligible = a grant "u      
section #ajc7;a74  7#b7 ,! t]m insul>   
areas means ,guam1 ! ,virg9 ,isl&s1     
,am]ican ,samoa1 & ! ,nor!rn ,m>iana    
,isl&s4  7#c7 ,! t]m local gov]nm5t     
means any city1 c\nty1 t[n1 t[n%ip1     
p>i%1 village1 or any local or regional 
special di/rict1 su* z a p>k di/rict1   
cons]vation di/rict1 or p>k au?ority4   
7#d7 ,! t]m ma9t5ance means all commonly
 accept$ practices necess>y to keep     
recreational areas & facilities op]at+ 9
 a /ate ( good repair & to protect su*  
areas & facilities f det]ioration       
result+ f normal we> & te>4  7#e7 ,! t]m
 private nonpr(it ag5cy means a         
community-bas$1 nonpr(it organization1  
corporation1 or association organiz$ =  
purposes ( provid+ recreation1          
cons]vation1 & educational s]vices      
directly to urban resid5ts on ei!r a    
neighborhood or community-wide basis    
?r\gh volunt>y donations1 volunt>y      
labor1 or public or private grants4     

7#f7 ,! t]m recreational areas &        
facilities means indoor or outdoor p>ks1
 build+s1 sites1 or o!r facilities t are
 d$icat$ to recreation purposes &       
adm9i/]$ by public or private nonpr(it  
ag5cies to s]ve ! recreation ne$s (     
community resid5ts1 ) emphasis on public
 facilities readily accessible to       
resid5tial neighborhoods1 includ+       
multiple-use community c5t]s t h        
recreation z a prim>y purpose1 b n      
includ+ major sports ar5as1 exhibition  
areas1 & conf]5ce halls us$ prim>ily =  
comm]cial sports1 spectator1 or display 
activities4  7#g7 ,! t]m ,secret>y means
 ! ,secret>y ( ,h\s+ & ,urban           
,developm5t4  7#h7 ,! t]m ,/ate means   
any ,/ate ( ! ,unit$ ,/ates 7or any     
in/rum5tality ( a ,/ate approv$ by !    
,gov]nor71 ! ,di/rict ( ,columbia1 & !  
,commonweal? ( ,pu]to ,rico4  #aab4     
,regulations  7a7 ,regulations ,n lat]  
?an #ahj days aft] ! date ( ! enactm5t (
 ?is ,act1 ! ,secret>y %all promulgate  
regulations e/abli%+ ! community p>ks   

revitalization program "u ?is title to  
provide ! grants au?oriz$ 9 section     
#ajc7;a71 9 accordance ) ?is title4  7b7
 ,requirem5ts ,! regulations requir$ "u 
?is section %all include-- 7#a7 !       
crit]ia necess>y to c>ry out sections   
#ajd1 #aje1 & #ajf2  7#b7 requirem5ts   
reg>d+ ! =m (1 & elem5ts to be includ$  
91 applications by eligible local       
gov]nm5ts = grants "u ?is title1        
requirem5ts = & detail$ in/ructions on !
 process = submitt+ su* applications1 & 
deadl9es = su* applications2  7#c7      
crit]ia pursuant to sections #ajd7;a7 & 
#aje7;a7 = priority 9 selection &       
approval by ! ,secret>y ( projects or   
programs to receive grant funds2  7#d7  
guidel9es reg>d+ :e!r an applicant may  
modify a p5d+ application & ! process = 
modify+ p5d+ applications1 & guidel9es =
 submitt+ a reque/ = modification ( a   
project aw>d$ grant fund+ "u ?is title  
aft] su* an aw>d has be5 made2 &  7#e7  
p5alties t w be assess$ on local        
gov]nm5ts aw>d$ a grant "u ?is title =  

failure to comply ) ! report+ &         
recordkeep+ requirem5ts "u section #aaj1
 :i* %all provide p5alties up to &      
includ+ rescission ( grant am\nts =     
repetitive violations4  #aac4           
,au?orization ( appropriations  7a7 ,9  
g5]al ,!re are au?oriz$ to be           
appropriat$ su* sums z may be necess>y  
to c>ry out ?is title = ea* ( fiscal    
ye>s #bjbf ?r\gh #bjce4  7b7 ,limitation
 on innovation & recreation program     
grants ,n m ?an #aj p]c5t ( any am\nts  
appropriat$ pursuant to subsection 7a7 (
 ?is section 9 any fiscal ye> may be us$
 = grants "u section #ajc7;a77#b74  7c7 
,limitation on recov]y action program   
grants ,n m ?an #c p]c5t ( any am\nts   
appropriat$ pursuant to subsection 7a7 (
 ?is section 9 any fiscal ye> may be us$
 = grants "u section #ajc7;a77#c74  7d7 
,grants = insul> areas ,not)/&+ any o!r 
provision ( ?is title1 ! ,secret>y may  
use n m ?an #b p]c5t ( any am\nts       
appropriat$ pursuant to subsection 7a7 9
 any fiscal ye> may to provide          

rehabilitation & con/ruction grants "u  
section #ajc7;a77#a71 innovation &      
recreation program grants "u section    
#ajc7;a77#b71 & recov]y action program  
grants "u section #ajc7;a77#c7 to be us$
 9 ! insul> areas4 ,any su* grants %all 
n be subject to sections #ajc7;c7 &     
#ajg7;a7 7relat+ to mat*+ am\nts71 & may
 only be subject to su* conditions1     
reports1 plans1 & agreem5ts1 if any1 z  
det]m9$ by ! ,secret>y4  ,,ii ,secur$   
loans & loan gu>antees = p>ks &         
recreation infra/ructure developm5t     
#bja4 ,purposes ,! purposes ( ?is title 
are-- 7#a7 to promote increas$          
developm5t ( p>ks & recreation          
infra/ructure by e/abli%+ additional    
opportunities = f9anc+ p>ks & recreation
 projects2  7#b7 to attract new inve/m5t
 capital to infra/ructure projects t are
 capable ( g5]at+ rev5ue /reams ?r\gh   
us] fees or o!r d$icat$ fund+ s\rces2   
7#c7 to complem5t exi/+ ,f$]al fund+    
s\rces & address budget>y con/ra9ts on !
 ,national ,p>k ,s]vice2 &  7#d7 to     

lev]age private inve/m5t 9 p>ks &       
recreation infra/ructure4  #bjb4        
,au?ority to provide assi/ance ,!       
,secret>y ( ,h\s+ & ,urban ,developm5t  
may provide f9ancial assi/ance "u       
section #bjh to eligible entities to    
c>ry out p>ks & infra/ructure projects  
select$ = su* assi/ance pursuant to     
section #bjg4  #bjc4 ,eligible entities 
,f9ancial assi/ance "u section #bjh may 
be provid$ only to ! foll[+ entities3   
7#a7 ,a corporation4  7#b7 ,a p>tn]%ip4 
7#c7 ,a jo9t v5ture4  7#d7 ,a tru/4     
7#e7 ,a ,f$]al1 ,/ate1 or local         
gov]nm5tal entity1 ag5cy1 or special    
purpose p>k & recreation di/rict4  7#f7 
,a ,/ate infra/ructure f9anc+ au?ority4 
#bjd4 ,projects eligible = assi/ance    
,f9ancial assi/ance may be provid$ "u   
section #bjh1 subject to section #bjg1  
only = ! foll[+ types ( projects3  7#a7 
,a project = ! developm5t ( indoor or   
outdoor p>ks1 build+s1 sites1 or o!r    
facilities t are d$icat$ to recreation  
purposes & adm9i/]$ by public or private

 nonpr(it ag5cies to s]ve ! recreation  
ne$s ( community resid5ts1 includ+      
multiple-use community c5t]s t h        
recreation z a prim>y purpose1 b n      
includ+ major sports ar5as1 exhibition  
areas1 & conf]5ce halls us$ prim>ily =  
comm]cial sports1 spectator1 or display 
activities4  7#b7 ,a project = !        
con/ruction1 plann+1 & design ( on-road 
& (f-road trail facilities = p$e/rians1 
bicycli/s1 & o!r nonmotoriz$ =ms (      
transportation1 includ+ sidewalks1      
bicycle infra/ructure1 p$e/rian &       
bicycle signals1 traffic calm+          
te*niques1 light+ & o!r safety-relat$   
infra/ructure1 & transportation projects
 to a*ieve compliance ) ! ,am]icans )   
,disabilities ,act ( #aiij 7#db         
,u4,s4,c4 #abaja et seq474  7#c7 ,a     
project = ! con/ruction1 plann+1 &      
design ( infra/ructure-relat$ projects &
 sy/ems t w provide safe r\tes =        
non-driv]s1 includ+ *ildr51 old] adults1
 & individuals ) disabilities to access 
daily ne$s4  7#d7 ,a project = !        

conv]sion & use ( ab&on$ railroad       
corridors = trails = p$e/rians1         
bicycli/s1 or o!r nonmotoriz$           
transportation us]s4  7#e7 ,a project = 
! con/ruction ( turn\ts1 ov]looks1 &    
view+ areas4  #bje4 ,activities eligible
 = assi/ance ,am\nts f a loan made or   
gu>ante$ "u section #bjh provid$ = an   
eligible project may be us$ = co/s (    
c>ry+ out su* project1 includ+ co/s (-- 
7#a7 developm5t-phase activities1       
includ+ plann+1 feasibility analysis1   
rev5ue =eca/+1 environm5tal review1     
p]mitt+1 prelim9>y eng9e]+ & design "w1 
& o!r precon/ruction activities2  7#b7  
con/ruction1 recon/ruction1             
rehabilitation1 pres]vation1 &          
replacem5t activities2  7#c7 !          
acquisition ( real prop]ty 7includ+ wat]
 rights1 l& relat+ to ! project1 &      
improvem5ts to l&71 environm5tal        
mitigation1 con/ruction cont+5cies1 &   
acquisition ( equipm5t2  7#d7 capitaliz$
 int]e/ necess>y to meet m>ket          
requirem5ts1 reasonably requir$ res]ve  

funds1 capital issuance exp5ses1 & o!r  
c>ry+ co/s dur+ con/ruction2 &  7#e7    
ref9anc+ int]im con/ruction fund+1      
long-t]m project obligations1 or a      
secur$ loan or loan gu>antee made "u ?is
 title4  #bjf4 ,applications  7a7 ,9    
g5]al ,! ,secret>y %all provide =       
eligible entities to submit applications
 = selection ( eligible projects to     
receive f9ancial assi/ance "u section   
#bjh1 at su* "t1 9 su* mann]1 & conta9+ 
su* in=mation z ! ,secret>y may require4
  7b7 ,comb9$ projects ,! ,secret>y %all
 provide t 9 ! case only ( an eligible  
entity describ$ 9 section #bjc7f71 su*  
an entity may submit a s+le application 
= a comb9ation ( projects1 ea* ( :i* is 
an eligible project "u p>agraphs 7#a7   
?r\gh 7#e7 ( section #bje4  #bjg4       
,det]m9ation ( eligibility & project    
selection  7a7 ,selection ( projects    
,us+ ! selection crit]ia "u subsection  
7c7 ( ?is section1 ! ,secret>y %all     
select1 f applications submitt$ pursuant
 to section #bjf1 eligible projects t   

meet ! crit]ia "u subsection 7b7 ( ?is  
section = f9ancial assi/ance "u section 
#bjh4  7b7 ,project requirem5ts ,an     
eligible project may n be select$ to    
receive f9ancial assi/ance "u section   
#bjh unless ! ,secret>y det]m9es t !    
project meets all ( ! foll[+ crit]ia3   
7#a7 ,cr$itwor?9ess  7,a7 ,9 g5]al      
,subject to subp>agraph 7,b71 ! project 
%all be cr$itwor?y1 z det]m9$ by !      
,secret>y z applicable1 to %all ensure t
 any f9anc+ = ! project has appropriate 
security features1 su* z a rate cov5ant1
 to ensure repaym5t4  7,b7 ,prelim9>y   
rat+ op9ion lett] ,! ,secret>y %all     
require ! applicant = ea* project to    
provide1 z "p ( ! application = !       
project "u section #bjf1 a prelim9>y    
rat+ op9ion lett] f at lea/ "o rat+     
ag5cy indicat+ t ! s5ior project        
obligations ( ! project 7:i* may be !   
,f$]al cr$it in/rum5t7 h ! pot5tial to  
a*ieve an inve/m5t-grade rat+4  7,c7    
,special rule = c]ta9 comb9$ projects ,!
 ,secret>y %all develop a cr$it         

evaluation process = a ,f$]al cr$it     
in/rum5t provid$ to a ,/ate             
infra/ructure f9anc+ au?ority = a       
project describ$ 9 section #bjf7;b71 :i*
 may include requir+ ! provision ( a    
prelim9>y rat+ op9ion lett] f at lea/ "o
 rat+ ag5cy4  7#b7 ,eligible project    
co/s ,! co/s ( ! eligible project %all  
be reasonably anticipat$ to be n less   
?an #bj1jjj1jjj4  7#c7 ,d$icat$ rev5ue  
s\rces ,! ,f$]al cr$it in/rum5t = !     
project %all be repayable1 9 :ole or 9  
"p1 f d$icat$ rev5ue s\rces t also      
secure ! project obligations4  7#d7     
,public sponsor%ip ( private entities ,9
 ! case ( a project c>ri$ out by an     
entity t is n a ,/ate or local gov]nm5t 
or an ag5cy or in/rum5tality ( a ,/ate  
or local gov]nm5t1 ! project %all be    
publicly sponsor$4  7c7 ,selection      
crit]ia  7#a7 ,e/abli%m5t ,! ,secret>y  
%all e/abli% crit]ia = ! selection (    
projects t meet ! eligibility           
requirem5ts ( subsection 7b74 ,su*      
crit]ia %all be design$ to ensure a     

div]sity ( project types & geographical 
locations1 & %all include ! foll[+3     
7,a7 ,! ext5t to :i* ! project is       
/atewide or regionally significant1 )   
respect to ! g5]ation ( increas$        
recreational opportunities4  7,b7 ,!    
ext5t to :i* assi/ance "u ?is title w\ld
 fo/] innovative public-private         
p>tn]%ips & attract private debt or     
equity inve/m5t4  7,c7 ,! likelihood t  
assi/ance "u ?is title w\ld enable !    
project to proce$ at an e>li] date ?an !
 project w\ld o!rwise be able to proce$4
  7,d7 ,! ext5t to :i* ! project uses   
new or innovative approa*es4  7,e7 ,!   
am\nt ( budget au?ority requir$ to fund 
! ,f$]al cr$it in/rum5t = ! project made
 available "u ?is title4  7,f7 ,! ext5t 
to :i* ! project helps ma9ta9 or protect
 ! environm5t4  7,g7 ,! ext5t to :i*    
assi/ance "u ?is section r$uces !       
contribution ( ,f$]al grant assi/ance to
 ! project4  7#b7 ,special rule = c]ta9 
comb9$ projects ,= a project describ$ 9 
section #bjf7;b71 ! ,secret>y %all only 

consid] ! crit]ia describ$ 9            
subp>agraphs 7,b7 ?r\gh 7,g7 ( p>agraph 
7#a74  7d7 ,f$]al requirem5ts ,no?+ 9   
?is section may be con/ru$ to alt]1     
affect1 or annul ! applicability ( any  
o!r ,f$]al laws or regulations4  #bjh4  
,secur$ loans & loan gu>antees  7a7     
,au?ority ,! ,secret>y may ent] into    
agreem5ts ) eligible entities to make1 &
 may make1 secur$ loans to su* entities 
z provid$ "u ?is section = eligible     
projects select$ "u section #bjg =      
f9ancial assi/ance "u ?is section4  7b7 
,use  7#a7 ,9 g5]al ,! proce$s ( a      
secur$ loan "u ?is section %all be us$  
only-- 7,a7 to f9ance eligible project  
co/s ( an eligible project select$ "u   
section #bjg2  7,b7 subject to p>agraph 
7#b7 ( ?is subsection1 to ref9ance      
int]im con/ruction f9anc+ ( eligible    
project co/s ( an eligible project      
select$ "u section #bjg2 or  7,c7 to    
ref9ance long-t]m project obligations or
 ,f$]al cr$it in/rum5ts1 if su* ref9anc+
 provides additional fund+ capacity = ! 

completion1 enhancem5t1 or expansion ( a
 project t--  7i7 is select$ "u section 
#bjg2 or  7ii7 0 orig9ally f9anc$1 9    
:ole or 9 "p1 ) am\nts provid$ o!r ?an  
"u ?is title1 if ! project o!rwise meets
 ! requirem5ts ( section #bjg4  7#b7    
,limitation on ref9anc+ ( int]im        
con/ruction f9anc+ ,! proce$s ( a secur$
 loan "u ?is section made = an eligible 
project may n be us$ = ! purpose "u     
p>agraph 7#a77;,b7 aft] ! expiration ( !
 #ab-mon? p]iod beg9n+ ^u ! date (      
sub/antial completion ( ! project4  7c7 
,risk assessm5t ,be=e ent]+ into an     
agreem5t "u ?is subsection = a secur$   
loan1 ! ,secret>y1 9 consultation ) !   
,director ( ! ,(fice ( ,managem5t &     
,budget & ea* rat+ ag5cy provid+ a      
prelim9>y rat+ op9ion lett] "u section  
#bjg7;b77#a77;,b71 %all det]m9e an      
appropriate capital res]ve subsidy am\nt
 = ! secur$ loan1 tak+ into acc\nt ea*  
su* prelim9>y rat+ op9ion lett]4  7d7   
,inve/m5t-,grade rat+ requirem5t = s5ior
 obligations ,! execution ( a secur$    

loan "u ?is section %all be cont+5t on  
receipt by ! s5ior obligations ( !      
project ( an inve/m5t-grade rat+4  7e7  
,t]ms & limitations  7#a7 ,maximum am\nt
 ,! am\nt ( a secur$ loan "u ?is section
 %all n exce$ ! less] (--  7,a7 an am\nt
 equal to #di p]c5t ( ! reasonably      
anticipat$ eligible project co/s2 or    
7,b7 if ! secur$ loan does n receive an 
inve/m5t-grade rat+1 ! am\nt ( ! s5ior  
project obligations ( ! project4  7#b7  
,paym5t ,a secur$ loan "u ?is section-- 
7,a7 %all be payable1 9 :ole or 9 "p1 f 
,/ate or local taxes1 us] fees1 or o!r  
d$icat$ rev5ue s\rces t also secure !   
s5ior project obligations ( ! relevant  
project2  7,b7 %all include a rate      
cov5ant1 cov]age requirem5t1 or simil>  
security feature support+ ! project     
obligations2 &  7,c7 may h a li5 on     
rev5ues describ$ 9 subp>agraph 7,a71    
subject to any li5 secur+ project       
obligations4  7#c7 ,int]e/ rate ,!      
int]e/ rate on a secur$ loan "u ?is     
section %all be-- 7,a7 n less ?an !     

yield on ,unit$ ,/ates ,treasury        
securities ( a simil> maturity to !     
maturity ( ! secur$ loan on ! date (    
execution ( ! loan agreem5t2 &  7,b7    
fix$ = ! t]m ( ! loan4  7#d7 ,maturity  
date  7,a7 ,9 g5]al ,except z provid$ 9 
subp>agraph 7,b71 ! f9al maturity date (
 a secur$ loan "u ?is section = an      
eligible project %all be n lat] ?an #ce 
ye>s aft] ! date ( sub/antial completion
 ( ! project4  7,b7 ,special rule =     
,/ate infra/ructure f9anc+ au?orities ,!
 f9al maturity date ( a secur$ loan "u  
?is section made to a ,/ate             
infra/ructure f9anc+ au?ority %all be n 
lat] ?an #ce ye>s aft] ! date on :i*    
loan am\nts are fir/ disburs$4  7#e7    
,nonsubord9ation ,a secur$ loan "u ?is  
section %all n be subord9at$ to ! claims
 ( any hold] ( project obligations 9 !  
ev5t ( bankruptcy1 insolv5cy1 or        
liquidation ( ! obligor4  7#f7 ,fees ,! 
,secret>y may e/abli% fees 9 connection 
) a secur$ loan "u ?is section1 9 am\nts
 suffici5t to cov] all or a portion ( ! 

co/s to ! ,f$]al ,gov]nm5t ( secur$     
loans "u ?is section4  7#g7 ,use (      
proce$s = paym5t ( non-,f$]al %>e ,!    
proce$s ( a secur$ loan "u ?is section  
may be us$ to pay any non-,f$]al %>e    
requir$ ) respect to o!r fund+ obta9$ = 
project co/s1 b only if su* secur$ loan 
is repaid us+ non-,f$]al funds4  7#h7   
,maximum ,f$]al involvem5t ,= any       
project = :i* assi/ance is provid$ "u   
?is title1 ! total am\nt ( ,f$]al       
assi/ance f all s\rces1 includ+ ?is     
title1 %all n exce$ #hj p]c5t ( ! total 
project co/4  7#i7 ,o!rs ,a secur$ loan 
provid$ = a project "u ?is section %all 
be subject to su* o!r t]ms & conditions1
 & conta9 su* cov5ants1 repres5tations1 
w>ranties1 & requirem5ts 7includ+       
requirem5ts = audits71 z ! ,secret>y    
det]m9es to be appropriate4  7f7        
,repaym5t  7#a7 ,s*$ule ,! ,secret>y    
%all e/abli% a repaym5t s*$ule = ea*    
secur$ loan provid$ "u ?is section1 bas$
 on ! project$ ca% fl[ f project rev5ues
 & o!r repaym5t s\rces4  7#b7           

,comm5cem5t  7,a7 ,9 g5]al ,except z    
provid$ 9 subp>agraph 7,b71 s*$ul$ loan 
repaym5ts ( pr9cipal or int]e/ on a     
secur$ loan "u ?is section = an eligible
 project %all comm5ce n lat] ?an #e ye>s
 aft] ! date ( sub/antial completion ( !
 project4  7,b7 ,special rule = ,/ate   
infra/ructure f9anc+ au?orities ,s*$ul$ 
loan repaym5ts ( pr9cipal or int]e/ on a
 secur$ loan made "u ?is section to a   
,/ate infra/ructure f9anc+ au?ority %all
 comm5ce n lat] ?an #e ye>s aft] ! date 
on :i* am\nts are fir/ disburs$4  7#c7  
,def]r$ paym5ts  7,a7 ,au?orization ,if1
 at any "t aft] ! date ( sub/antial     
completion ( a project = :i* a secur$   
loan is provid$ "u ?is section1 !       
project is unable to g5]ate suffici5t   
rev5ues to pay ! s*$ul$ loan repaym5ts (
 pr9cipal & int]e/ on ! loan1 !         
,secret>y may1 subject to subp>agraph   
7,c71 all[ ! obligor to add unpaid      
pr9cipal & int]e/ to ! out/&+ balance ( 
! secur$ loan4  7,b7 ,int]e/ ,any paym5t
 def]r$ pursuant to subp>agraph 7,a7    

%all-- 7i7 cont9ue to accrue int]e/ 9   
accordance ) subsection 7e77#c7 until   
fully repaid2 &  7ii7 be amortiz$ ov] ! 
rema9+ t]m ( ! secur$ loan4  7,c7       
,crit]ia ,any paym5t def]ral pursuant to
 subp>agraph 7,a7 %all be cont+5t on !  
project meet+--  7i7 /&>ds = reasonable 
assurance ( repaym5t1 z ! ,secret>y %all
 e/abli%2 &  7ii7 su* o!r crit]ia z !   
,secret>y may e/abli%4  7#d7 ,prepaym5t 
7,a7 ,use ( excess rev5ues ,any excess  
rev5ues f an eligible project t rema9   
aft] satisfy+ s*$ul$ debt s]vice        
requirem5ts on ! project obligations &  
secur$ loan & all deposit requirem5ts "u
 ! t]ms ( any tru/ agreem5t1 bond       
resolution1 or simil> agreem5t secur+   
project obligations may be appli$       
annually to prepay a secur$ loan "u ?is 
section )\t p5alty4  7,b7 ,use ( proce$s
 ( ref9anc+ ,a secur$ loan "u ?is       
section may be prepaid at any "t1 )\t   
p5alty1 f ! proce$s ( ref9anc+ f        
non-,f$]al fund+ s\rces4  7g7 ,sale (   
secur$ loans  7#a7 ,9 g5]al ,subject to 

p>agraph 7#b71 if ! ,secret>y det]m9es t
 ! sale or re(f]+ ( a secur$ loan "u ?is
 section = an eligible project c be made
 on favorable t]ms1 ! ,secret>y may sell
 ! loan to ano!r entity or re(f] ! loan 
into ! capital m>kets z soon z          
practicable aft] ! date ( sub/antial    
completion ( a project & aft] provid+   
notice to ! obligor4  7#b7 ,cons5t (    
obligor ,9 mak+ a sale or re(f]+ "u     
p>agraph 7#a71 ! ,secret>y may n *ange !
 orig9al t]ms & conditions ( ! secur$   
loan )\t ! writt5 cons5t ( ! obligor4   
7h7 ,loan gu>antees  7#a7 ,9 g5]al ,9   
lieu ( mak+ a secur$ loan "u ?is section
 = an eligible project1 ! ,secret>y may 
provide a loan gu>antee = a project     
obligation = ! project fund$ by a       
qualifi$ l5d] 7z su* t]m is def9$ 9     
section #baa71 b only if ! ,secret>y    
det]m9es t ! co/ z su* t]m is def9$ 9   
section #ejb ( ! ,f$]al ,cr$it ,re=m    
,act ( #aiij 7#b ,u4,s4,c4 #ffa;a7 ( !  
loan gu>antee is sub/antially ! same z  
or less ?an t ( mak+ a secur$ loan4     

7#b7 ,t]ms ,! t]ms ( a loan gu>antee    
provid$ "u ?is subsection %all be       
consi/5t ) ! t]ms e/abli%$ 9 ?is section
 = a secur$ loan1 except t ! int]e/ rate
 on ! gu>ante$ loan & any prepaym5t     
features %all be negotiat$ betwe5 !     
obligor & ! qualifi$ l5d]1 subject to ! 
cons5t ( ! ,secret>y4  #bji4 ,program   
adm9i/ration  7a7 ,requirem5t ,!        
,secret>y %all e/abli% a uni=m sy/em to 
s]vice ! ,f$]al cr$it in/rum5ts made    
available "u ?is title4  7b7 ,fees  7#a7
 ,9 g5]al ,! ,secret>y may collect &    
sp5d fees1 to ! ext5t provid$ 9 advance 
9 appropriations ,acts1 9 am\nts        
suffici5t to cov]--  7,a7 ! co/s (      
s]vices obta9$ pursuant to subsection   
7d72 &  7,b7 all or a portion ( ! co/s  
to ! ,f$]al ,gov]nm5t ( s]vic+ ! ,f$]al 
cr$it in/rum5ts provid$ "u ?is title4   
7c7 ,s]vic]  7#a7 ,9 g5]al ,! ,secret>y 
may appo9t a f9ancial entity to assi/ ! 
,secret>y 9 s]vic+ ,f$]al cr$it         
in/rum5ts provid$ "u ?is title4  7#b7   
,duties ,a s]vic] appo9t$ "u p>agraph   

7#a7 %all act z ! ag5t = ! ,secret>y4   
7#c7 ,fee ,a s]vic] appo9t$ "u p>agraph 
7#a7 %all receive a s]vic+ fee1 subject 
to approval by ! ,secret>y4  7d7        
,assi/ance f exp]ts ,! ,secret>y may    
reta9 ! s]vices1 includ+ c\nsel1 (      
organizations & entities ) exp]tise 9 ! 
field ( municipal & project f9ance to   
assi/ 9 ! und]writ+ & s]vic+ ( ,f$]al   
cr$it in/rum5ts provid$ "u ?is title4   
#baj4 ,/ate & local p]mits ,! provision 
( f9ancial assi/ance "u section #bjh =  
an eligible project %all n-- 7#a7       
relieve any recipi5t ( su* assi/ance (  
any obligation to obta9 any requir$     
,/ate or local p]mit or approval )      
respect to ! project2  7#b7 limit ! "r (
 any unit ( ,/ate or local gov]nm5t to  
approve or regulate any rate ( return on
 private equity inve/$ 9 ! project2 or  
7#c7 o!rwise sup]s$e any ,/ate or local 
law or regulation applicable to !       
con/ruction or op]ation ( ! project4    
#baa4 ,def9itions ,9 ?is title1 ! foll[+
 def9itions %all apply3 7#a7 ,comm]cial 

sports ,! t]m comm]cial sport means a   
sports ent]prise ( :i* pr(it-mak+ =ms a 
major "p4  7#b7 ,eligible entity ,! t]m 
eligible entity means an entity eligible
 pursuant to section #bjc to receive    
f9ancial assi/ance "u section #bjh4     
7#c7 ,eligible project ,! t]m eligible  
project means a project = :i* f9ancial  
assi/ance "u section #bjh may be        
provid$1 pursuant to section #bjd4  7#d7
 ,eligible project co/s ,! t]m eligible 
project co/s means1 ) respect to an     
eligible project1 any co/s ( ! project  
eligible "u section #bje to be paid )   
am\nts f a loan made or gu>ante$        
pursuant to section #bjh4  7#e7 ,f$]al  
cr$it in/rum5t ,! t]m ,f$]al cr$it      
in/rum5t means a secur$ loan made1 or   
loan gu>antee provid$1 "u section #bjh4 
7#f7 ,inve/m5t-grade rat+ ,! t]m        
inve/m5t-grade rat+ means1 ) respect to 
project obligations1 a rat+ ( ,,bbb     
m9us1 ,baa#c1 bbb m9us1 ,,bbb 7l[71 or  
high] z assign$ by a rat+ ag5cy4  7#g7  
,loan gu>antee ,! t]m loan gu>antee     

means any gu>antee or o!r pl$ge by !    
,secret>y to pay all or "p ( ! pr9cipal 
(1 & int]e/ on1 a loan or o!r debt      
obligation4  7#h7 ,obligor ,! t]m       
obligor means-- 7,a7 ) respect to a     
,f$]al cr$it in/rum5t t is a secur$ loan
 "u section #bjh1 ! eligible entity t is
 prim>ily liable = paym5t ( ! pr9cipal  
(1 or int]e/ on1 ! loan2 &  7,b7 )      
respect to a ,f$]al cr$it in/rum5t t is 
a loan gu>antee "u section #bjh7;h71 !  
eligible entity t is prim>ily liable =  
paym5t ( ! loan or o!r debt obligation  
repaym5t ( :i* is gu>ante$ pursuant to  
su* section4  7#i7 ,project obligation  
,! t]m project obligation means1 )      
respect to an eligible project1 any     
note1 bond1 deb5ture1 or o!r debt       
obligation issu$ by an obligor 9        
connection ) ! f9anc+ ( ! project4 ,su* 
t]m does n include a ,f$]al cr$it       
in/rum5t4  7#aj7 ,qualifi$ l5d]  7,a7 ,9
 g5]al ,! t]m qualifi$ l5d] means any   
non-,f$]al qualifi$ in/itutional buy]1 z
 su* t]m is def9$ 9 section             

#bcj4add;,a7a7 ( title #ag1 ,code (     
,f$]al ,regulations 7or any successor   
regulation71 kn[n z ,rule #add;,a7a7 ( !
 ,securities & ,ex*ange ,commission &   
issu$ "u ! ,securities ,act ( #aicc 7#ae
 ,u4,s4,c4 #gg;a et seq474  7,b7        
,inclusions ,su* t]m includes--  7i7 a  
qualifi$ retirem5t plan 7z def9$ 9      
section #digd7;c7 ( ! ,int]nal ,rev5ue  
,code ( #aihf7 t is a qualifi$          
in/itutional buy]2 &  7ii7 a gov]nm5tal 
plan 7z def9$ 9 section #dad7;d7 ( !    
,int]nal ,rev5ue ,code ( #aihf7 t is a  
qualifi$ in/itutional buy]4  7#aa7 ,rat+
 ag5cy ,! t]m rat+ ag5cy means a cr$it  
rat+ ag5cy regi/]$ ) ! ,securities &    
,ex*ange ,commission z a nationally     
recogniz$ /ati/ical rat+ organization 7z
 def9$ 9 section #c7;a7 ( ! ,securities 
,ex*ange ,act ( #aicd 7#ae ,u4,s4,c4    
#gh;c7a7774  7#ab7 ,secret>y ,! t]m     
,secret>y means ! ,secret>y ( ,h\s+ &   
,urban ,developm5t4  7#ac7 ,secur$ loan 
,! t]m secur$ loan means a direct loan  
or o!r debt obligation issu$ by an      

obligor & fund$ by ! ,secret>y pursuant 
to section #bjh4  7#ad7 ,/ate ,! t]m    
,/ate means a ,/ate1 ! ,di/rict (       
,columbia1 ! ,commonweal? ( ,pu]to      
,rico1 & any o!r t]ritory or possession 
( ! ,unit$ ,/ates4  7#ae7 ,/ate         
infra/ructure f9anc+ au?ority ,! t]m    
,/ate infra/ructure f9anc+ au?ority     
means ! ,/ate entity e/abli%$ or        
designat$ by ! ,gov]nor ( a ,/ate to    
receive assi/ance "u ?is title4  7#af7  
,subsidy am\nt ,! t]m subsidy am\nt     
means1 ) respect to a ,f$]al cr$it      
in/rum5t1 ! am\nt ( budget au?ority     
suffici5t to cov] ! e/imat$ long-t]m co/
 to ! ,f$]al ,gov]nm5t ( ! ,f$]al cr$it 
in/rum5t1 z calculat$ on a net pres5t   
value basis1 exclud+ adm9i/rative co/s &
 any incid5tal effects on gov]nm5tal    
receipts or outlays 9 accordance ) !    
,f$]al ,cr$it ,re=m ,act ( #aiij 7#b    
,u4,s4,c4 #ffa et seq474  7#ag7         
,sub/antial completion ,! t]m sub/antial
 completion means1 ) respect to a       
project1 ! e>lie/ date on :i* a project 

is consid]$ capable ( p]=m+ ! functions 
= :i* ! project is design$4  #bab4      
,regulations ,! ,secret>y may issue su* 
regulations z ! ,secret>y consid]s      
appropriate to c>ry out ?is title4      
#bac4 ,fund+ ,f am\nts made available = 
,f$]al purposes "u section #e ( ! ,l& & 
,wat] ,cons]vation ,fund ,act ( #aife   
7#af ,u4,s4,c4#dfjl-#g71 !re is au?oriz$
 to be appropriat$ to ! ,secret>y to    
c>ry out ?is title #ej1jjj1jjj = ea* (  
fiscal ye>s #bjbf ?r\gh #bjcj1 to rema9 
available until exp5d$1 ( :i* 9 ea* su* 
fiscal ye>--  7#a7 ! ,secret>y may use =
 ! adm9i/ration ( ?is title1 includ+    
program adm9i/ration "u section #bji1 n 
m ?an #b1bjj1jjj2 &  7#b7 ! rema9d] %all
 be available = co/s 7z su* t]m is def9$
 9 section #ejb ( ! ,f$]al ,cr$it ,re=m 
,act ( #aiij 7#b ,u4,s4,c4 #ffa;a77 (   
loans & loan gu>antees "u section #bjh4 
#bad4 ,report to ,congress ,n lat] ?an  
#b ye>s aft] ! date ( enactm5t ( ?is    
,act1 & e #b ye>s !reaft]1 ! ,secret>y  
%all submit to ! ,congress a report     

summ>iz+ ! f9ancial p]=mance ( !        
projects t are receiv+1 or h receiv$1   
assi/ance "u ?is title1 includ+ a       
recomm5dation z to :e!r ! objectives (  
?is title are be+ met4