Economic Development Administration Reauthorization Act of 2004 Implementation; Regulatory Revision

On October 27, 2004, President Bush signed the Economic Development Administration Reauthorization Act of 2004 (the "2004 Act") into law. The Economic Development Administration ("EDA") publishes this interim final rule to reflect the amendments made to EDA's authorizing statute, the Public Works and Economic Development Act of 1965 ("PWEDA"), by the 2004 Act. In addition to tracking the statutory amendments to PWEDA, the interim final rule reflects EDA's current practices and policies in administering its economic development programs that have evolved since the promulgation of EDA's regulations. The interim final rule also reorders and re-titles certain parts of the existing regulations in a more logical sequence, expands the construction and use of defined terms, and presents information to the reader in a more concise and overall user-friendly format.