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LegalText 42 U.S.C. § 9804 Advisory Community Investment Board us united_states_code code_section 42 THE PUBLIC HEALTH AND WELFARE 105 COMMUNITY SERVICES PROGRAMS 9804 42 U.S.C. § 9804 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip /us/usc/t42/s9804 data/legal/raw/us/code/title-42/usc42.xml b2c9a5c818dfc5110ca5652956b4627986c735a279339a8738a892ba902cebd0 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e dac27bbee91fba2f57b5fa67a5f48df58ee7f785f46ca7d6cbd0dad35fb82a8f 2026-07-04 official
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42 U.S.C. § 9804 - Advisory Community Investment Board

Text

(a) National Community Investment Board; functions, composition, etc. (1) The President is authorized to establish a National Advisory Community Investment Board (hereinafter in this section referred to as the “Investment Board”). Such Investment Board shall be composed of 15 members appointed, for staggered terms and without regard to the civil service laws, by the President, in consultation with the Secretary of Health and Human Services (hereinafter in this subchapter referred to as the “Secretary”). Such members shall be representative of the investment and business communities and appropriate fields of endeavor related to this subchapter. The Investment Board shall meet at the call of the chairperson, but not less often than 3 times each year. The Secretary and the administrator of community economic development programs shall be ex officio members of the Investment Board.

(2) The Secretary shall carry out the provisions of this subchapter through an appropriate office.

(b) Function The Investment Board shall promote cooperation between private investors and businesses and community development corporation projects through—

(1) advising the Secretary and the community development corporations on ways to facilitate private investment;

(2) advising businesses and other investors of opportunities in community development corporation projects; and

(3) advising the Secretary, community development corporations, and private investors and businesses of ways in which they might engage in mutually beneficial efforts.

(c) Local advisory community investment boards; establishment, composition, etc. The governing body of each Community Development Corporation may establish an advisory community investment board composed of not to exceed 15 members who shall be appointed by the governing body after consultation with appropriate local officials. Each such board shall promote cooperation between private investors and businesses and the governing body of the Community Development Corporation through—

(1) advising the governing body on ways to facilitate private investors;

(2) advising businesses and other investors of opportunities in Community Development Corporation projects; and

(3) advising the governing body, private investors, and businesses of ways in which they might engage in mutually beneficial efforts.

(Pub. L. 9735, title VI, § 615, Aug. 13, 1981, 95 Stat. 489; Pub. L. 105285, title II, § 202(b)(2), Oct. 27, 1998, 112 Stat. 2755.)

Notes

Editorial Notes

Amendments1998—Subsec. (a)(2). Pub. L. 105285 substituted “through an appropriate office” for “through the Office of Community Services established in section 9905(a) of this title”.

Statutory Notes and Related Subsidiaries

Termination of Advisory BoardsAdvisory boards established after Jan. 5, 1973, to terminate not later than the expiration of the 2-year period beginning on the date of their establishment, unless, in the case of a board established by the President or an officer of the Federal Government, such board is renewed by appropriate action prior to the expiration of such 2-year period, or in the case of a board established by the Congress, its duration is otherwise provided for by law. See sections 1001(2) and 1013 of Title 5, Government Organization and Employees.