PUBLIC LAW 102-550-OCT. 28, 1992 106 STAT. 3937

(1) residents of the area in which the new town demonstra
tion area under the plan developed by the board is located-

(2) owners of business in such area; '

(3) leaders or participants in community groups in such
area; and

(4) representatives of financial institutions located or hav-
ing offices in such area.

(c) ORGANIZATION.—A governing board may organize itself and
conduct business in the manner that the board determines is appro-
priate to carry out the new town development demonstration under
this title.

SEC. 1108. REPORTS.

Each governing board carrying out a new town development
demonstration under this title shall submit to the Congress the
following information:

(1) NEW TOWN PLAN.—Upon approval of the new town
plan of the governing board under section 1102(d), a copy
of the approved plan.

(2) ANNUAL REPORTS.—For the 5-year period beginning
upon the approval of the new town plan, annual reports for
each 12-month period during such 5-year period, which shall
be submitted within 3 months after the expiration of the 12-
month period. Each report shall include a description of any
activities during such period to carry out the demonstration
program of the governing board, the use during such period
of any assistance provided under this title, and any amend-
ments under section 1102(dX4) to the new town plan approved
during such period.

SEC. 1109. DEFINITIONS.

For purposes of this title:

(1) DEMONSTRATION PROGRAM.—The terms "demonstration
program" and "program" mean a new town development dem-
onstration program receiving assistance under this title, which
is carried out within a new town demonstration area by a
governing board.

(2) GOVERNING BOARD.—The term "governing board" means
a board established under section 1107.

(3) NEW TOWN DEMONSTRATION AREA.—The term "new town
demonstration area" means the area defined in a new town
plan in which the new town development demonstration under
the plan is to be carried out.

(4) NEW TOWN PLAN.—The terms "new town plan" and
"plan" mean a plan under section 1102 developed by a governing
board.

(5) UNIT OF GENERAL LOCAL GOVERNMENT.—The term "unit

of general local government" means any city, county, town,
township, parish, village, or other general purpose political
subdivision of the State of California.