16 U.S.C. § 544i — Economic development

(a) Each State, consulting the counties and Commission, must use the Economic Opportunity Study and other appropriate information to develop a plan for economic-development projects eligible for grants under this section. The plan must be consistent with sections 544 through 544p. (b) After the management plan is certified and the State submits that plan, the Secretary must provide each State $5,000,000 for grants and loans that further those sections. (c) Each grant must require that: (1) the Commission certifies the activities are consistent with the statutory purposes, management plan, and land-use ordinances; (2) the money is not used to move a business from one community to another; (3) it is not used for program administration; and (4) it is used only in counties with land-use ordinances found consistent by the Commission and approved by the Secretary. (d) Each State must give the Secretary an annual report on use of the money, provide accounts and related records to the Secretary and Commission on request, and use loan repayments to make additional grants and loans.