us/statute/42/5301/c/8

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us/statute/42/5301/c/8 · Axiom

the alleviation of physical and economic distress through the stimulation of private investment and community revitalization in areas with population outmigration or a stagnating or declining tax base; and

in view

Whole section

▸rulespec code

Shown source

statutes/42/5301.yaml

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Rules

covered_assistance_low_moderate_income_benefit_minimum_rate

Parameter

source: 42 USC 5301(c)

- name: covered_assistance_low_moderate_income_benefit_minimum_rate
  kind: parameter
  dtype: Rate
  source: 42 USC 5301(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: parameter
          source:
            corpus_citation_path: us/statute/42/5301
            excerpt: not less than 70 percent
  versions:
    - effective_from: '2024-01-01'
      formula: '0.70'

covered_assistance_low_moderate_income_benefit_requirement_satisfied

Derived

source: 42 USC 5301(c)

- name: covered_assistance_low_moderate_income_benefit_requirement_satisfied
  kind: derived
  entity: CommunityDevelopmentGrantee
  dtype: Judgment
  period: Year
  source: 42 USC 5301(c)
  metadata:
    proof:
      atoms:
        - path: versions[0].formula
          kind: formula
          source:
            corpus_citation_path: us/statute/42/5301
            excerpt: >-
              the aggregate of the Federal assistance ... shall be used for the support of
              activities that benefit persons of low and moderate income
        - path: versions[0].formula
          kind: import
          import:
            target: us:statutes/42/5301#covered_assistance_low_moderate_income_benefit_minimum_rate
            output: covered_assistance_low_moderate_income_benefit_minimum_rate
            hash: sha256:local
  versions:
    - effective_from: '2024-01-01'
      formula: >-
        covered_assistance_used_for_activities_benefiting_low_and_moderate_income_persons >=
        covered_assistance_low_moderate_income_benefit_minimum_rate *
        aggregate_covered_federal_assistance