(e) Incentive allocations to guidance organization enterprises owned and controlled by socially and economically disadvantaged folks

The Secretary may, inside the Secretary's discretion, transfer the full quantity of the collaborating Condition's allotted amount towards the Condition in one transfer Should the participating Condition relates to the Secretary for approval to employ the full volume of the allocation as collateral for the qualifying loan or swap funding facility.

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The time period "company business owned and controlled by socially and economically disadvantaged men and women" usually means a business that—

Alison Plaut is a personal finance author that has a sustainable MBA, passionate about supporting persons find out more about fiscal Principles for prosperity building and financial flexibility.

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The amounts transferred to some participating State under this section shall not be regarded as assistance for purposes of subtitle V of title 31.

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