Appalachian Regional Development Act Amendments of 2002
Authorizes the Commission to provide technical assistance and make grants, enter into contracts, and otherwise provide funds to persons or entities in the region for projects to: (1) increase affordable access to advanced telecommunications, entrepreneurship, and management technologies or applications in the region; (2) provide education and training in the use of telecommunications and technology; (3) develop programs to increase the readiness of industry groups and businesses in the region to engage in electronic commerce; or (4) support entrepreneurial opportunities for businesses in the information technology sector.
Eliminates from criteria for programs and projects to be given assistance under the Act that an area have significant growth potential. Requires that, for each fiscal year, not less than 50 percent of the amount of grant expenditures approved by the Commission support activities or projects that benefit severely and persistently distressed counties and areas.
Provides, at the Commission's discretion, for the modification of the limitation on administrative expenses of local development districts that have a charter or authority that includes the economic development of a county for which a distressed county designation is in effect.
Became Public Law No: 107-149.