Low-Income Individual Law and Legal Definition
According to 15 USCS § 689 (2), [Title 15. Commerce and Trade; Chapter 14B. Small Business Investment Program; Investment Division Programs; New Markets Venture Capital Program] the term low-income individual means “an individual whose income (adjusted for family size) does not exceed--
(A) for metropolitan areas, 80 percent of the area median income; and
(B) for nonmetropolitan areas, the greater of--
(i) 80 percent of the area median income; or
(ii) 80 percent of the statewide nonmetropolitan area median income.”
Legal Definition list
- Low-Income Home Energy Assistance Act
- Low-Income Geographic Area
- Low-Income Family
- Low-Income Community [Tax]
- Low-Income Communities
- Low-Income Individual
- Low-Income Person
- Low-Level Radioactive Waste
- Low-Level Residual Fixed Radioactivity [Energy]
- Low-Profit Limited Liability Company [L3c]
- Low-Quality Asset
Related Legal Terms
- Affected Individual
- Aggrieved Individual [HUD]
- Authorized Individual [Energy]
- Close Relative of an Individual
- Discrimination Against Handicapped Individuals [Aviation Law]
- Disinterested Individual
- Economically Disadvantaged Family or Individual
- Eligible Individual [Health and Welfare]
- Eligible Individual Account Plans (EIAP)
- Employment Opportunities for Handicapped Individuals Act
