PUBLIC LAW 102-550—OCT. 28, 1992

106 STAT. 3853

under section 104(m) of the Housing and Community Development
Act of 1974".

(d) ELIGIBLE NEIGHBORHOOD DEVELOPMENT ORGANIZATION.—
Section 123(aX2) of the Housing and Urban-Rural Recovery Act

of 1983 (42 U.S.C. 5318 note) is amended— 42 use 53i8a.

(1) in subparagraph (A), by inserting "(i)" after "(A)";

(2) in subparagraph (E), by striking the period at the
end and inserting "; or";

(3) by redesignating subparagraphs (B) through (E) as
clauses (ii) through (v), respectively; and

(4) by adding at the end the following new subparagraph:

"(B) any facility that provides small entrepreneurial
business with affordable shared support services and busi-
ness development services and meets the requirements of
subparagraph (A).".

(e) DEFINITIONS.—Section 123(a) of the Housing and Urban-
Rural Recovery Act of 1983 (42 U.S.C. 5318 note) is amended— 42 use 53i8a.

(1) by striking subparagraph (2XAXiv) (as so redesignated
by subsection (d) of this section) and inserting the following
new clause:

"(iv) an organization that operates within an area
that—

"(I) meets the requirements for Federal assistance
under section 119 of the Housing and Community
Development Act of 1974;

"(II) is designated as an enterprise zone under
Federal law;

"(III) is designated as an enterprise zone under
State law and recognized by the Secretary for purposes
of this section as a State enterprise zone; or

"(IV) is a qualified distressed community within
the meaning of section 233(bXD of the Bank Enterprise
Act of 1991; and";

(2) by redesignating paragraph (3) as paragraph (4); and

(3) by inserting before paragraph (4) (as so redesignated)
the following new paragraph:

"(3) The term 'neighborhood development funding organiza-
tion' means—

"(A) a depository institution the accounts of which are
insured pursuant to the Federal Deposit Insurance Act

or the Federal Credit Union Act, and any subsidiary_(a8__

such term is defined in section 3(w) of the Federal Deposit
Insurance Act) thereof;

"(B) a depository institution holding company and any
subsidiary thereof (as such term is defined in section 3(w)
of the Federal Deposit Insurance Act); or

"(C) a company at least 75 percent of the common
stock of which is owned by one or more insured depository
institutions or depository institution holding companies. .

(f) COORDINATION WITH COMMUNITY DEVELOPMENT FUNDING
ORGANIZATIONS.—Section 123 of the Housing and Urban-Rural

Recovery Act of 1983 (42 U.S.C. 5318 note) is amended— 42 use 53i8a.

(1) in subsection (bXl), by inserting ", and from neighbor-
hood development funding organizations," after "neighbor-
hoods** *

(2) in subsection (bX3)—

(A) in subparagraph (B), by striking "and" at the end;