598.3—Definitions.
In addition to the definitions of “HUD” and “Secretary” found in 24 CFR 5.100, the following definitions apply to this part.
Census tract means a census tract, as the term is used by the Bureau of the Census, or, if census tracts are not defined for the area, a block numbering area.
Designation means the process by which the Secretary designates urban areas as Empowerment Zones eligible for tax incentives and credits established by Subchapter U of the Internal Revenue Code of 1986, as amended (26 U.S.C. 1391, et seq.) and for special consideration for programs of Federal assistance.
Developable site means a parcel of land in a nominated area that may be developed for commercial or industrial purposes.
Empowerment Zone means an urban area so designated by the Secretary in accordance with this part.
HHS means the U.S. Department of Health and Human Services.
Local government means any county, city, town, township, parish, village, or other general purpose political subdivision of a State, and any combination of these political subdivisions that is recognized by the Secretary.
Nominated area means an area nominated by one or more local governments and the State or States in which it is located for designation in accordance with this part.
Revocation of designation means the process by which the Secretary may revoke the designation of an urban area as an Empowerment Zone . (See subpart E of this part.)
State means any State of the United States.
Urban area means:
(1)
An area that lies inside a Metropolitan Statistical Area (MSA), as designated by the Office of Management and Budget; or