,i #aac? ,,congress #a/ ,session ,h4 ,r4 #bhba ,,9 ,,! ,,h\se ,,( ,,repres5tatives ,july #bd1 #bjac ,ms4 ,wilson ( ,florida 7= h]self1 ,ms4 ,pelosi1 ,mr4 ,clyburn1 ,ms4 ,fudge1 ,mr4 ,cicill9e1 ,mr4 ,eny>t1 ,ms4 ,hanabusa1 ,ms4 ,norton1 ,ms4 ,bass1 ,mr4 ,butt]field1 ,ms4 ,sewell ( ,alabama1 ,mr4 ,ri*mond1 ,mr4 ,cony]s1 ,ms4 ,br[n ( ,florida1 ,mrs4 ,*ri/5s51 ,mr4 ,crd5as1 ,ms4 ,lee ( ,cali=nia1 ,mr4 ,takano1 ,mrs4 ,napolitano1 ,ms4 ,de,lauro1 ,ms4 ,frankel ( ,florida1 ,ms4 ,cl>ke1 ,mr4 ,brady ( ,p5nsylvania1 ,ms4 ,s*ak[sky1 ,mr4 ,tonko1 ,ms4 ,%ea-,port]1 ,mr4 ,grijalva1 ,mr4 ,holt1 ,mr4 ,sablan1 ,mr4 ,c>twright1 ,ms4 ,wass]man ,s*ultz1 ,mr4 ,nadl]1 ,mr4 ,l>son ( ,connecticut1 ,mr4 ,payne1 ,mr4 ,mc,govern1 ,ms4 ,eddie ,b]nice ,johnson ( ,texas1 ,mr4 ,ru%1 ,ms4 ,moore1 ,mr4 ,veasey1 ,mrs4 ,beatty1 ,ms4 ,kelly ( ,ill9ois1 ,mr4 ,al ,gre5 ( ,texas1 ,mr4 ,scott ( ,virg9ia1 ,mr4 ,david ,scott ( ,georgia1 ,mr4 ,johnson ( ,georgia1 ,ms4 ,edw>ds1 ,mr4 ,rangel1 ,ms4 ,jackson ,lee1 ,mr4 ,jeffries1 ,mr4 ,bi%op ( ,georgia1 ,mr4 ,cleav]1 ,mr4 ,danny ,k4 ,davis ( ,ill9ois1 ,mr4 ,?ompson ( ,mississippi1 ,mr4 ,c>son ( ,indiana1 ,ms4 ,wat]s1 ,mr4 ,watt1 ,mr4 ,lewis1 ,mr4 ,gutirrez1 ,mr4 ,clay1 ,mr4 ,cumm+s1 ,mr4 ,g>cia1 ,ms4 ,mc,collum1 ,mr4 ,ellison1 ,mr4 ,fattah1 ,mr4 ,deut*1 ,mr4 ,meeks1 ,ms4 ,hahn1 ,mr4 ,c>ney1 & ,mr4 ,keat+7 introduc$ ! foll[+ bill2 :i* 0 ref]r$ to ! ,committee on ,ways & ,means1 & 9 addition to ! ,committees on ,small ,bus9ess1 ,education & ! ,work=ce1 ! ,judici>y1 ,transportation & ,infra/ructure1 ,f9ancial ,s]vices1 ,h\se ,adm9i/ration1 ,ov]sight & ,gov]nm5t ,re=m1 & ! ,budget1 = a p]iod to be subsequ5tly det]m9$ by ! ,speak]1 9 ea* case = consid]ation ( su* provisions z fall )9 ! jurisdiction ( ! committee conc]n$ ,a ,,bill ,to provide tax relief = ,am]ican work]s & bus9esses1 to put work]s back on ! job :ile rebuild+ & mod]niz+ ,am]ica1 & to provide pa?ways back to "w = ,am]icans look+ = jobs4 #a4 ,%ort title2 table ( cont5ts 7a7 ,%ort title ,?is ,act may be cit$ z ! ,am]ican ,jobs ,act ( #bjac4 7b7 ,table ( cont5ts ,! table ( cont5ts = ?is ,act is z foll[s3 ,sec4 #a4 ,%ort title2 table ( cont5ts4 ,sec4 #b4 ,ref]5ces4 ,sec4 #c4 ,sev]ability4 ,sec4 #d4 ,buy ,am]ican--,use ( ,am]ican iron1 /eel1 & manufactur$ goods4 ,sec4 #e4 ,wage rate & employm5t protection requirem5ts4 ,title ,i--,relief = work]s & bus9esses ,subtitle ,a--,mak+ "w pay cr$it ,sec4 #aja4 ,mak+ "w pay cr$it4 ,subtitle ,b--,o!r relief = bus9esses ,sec4 #aaa4 ,ext5sion ( tempor>y #ajj p]c5t bonus depreciation = c]ta9 bus9ess assets4 ,sec4 #aab4 ,surety bonds4 ,title ,,ii--,putt+ work]s back on ! job :ile rebuild+ & mod]niz+ ,am]ica ,subtitle ,a--,tea*] /abilization ,sec4 #bja4 ,purpose4 ,sec4 #bjb4 ,grants = ! outly+ areas & ! ,secret>y ( ! ,int]ior2 availability ( funds4 ,sec4 #bjc4 ,/ate allocation4 ,sec4 #bjd4 ,/ate application4 ,sec4 #bje4 ,/ate res]vation & responsibilities4 ,sec4 #bjf4 ,local educational ag5cies4 ,sec4 #bjg4 ,e>ly le>n+4 ,sec4 #bjh4 ,ma9t5ance ( ef=t4 ,sec4 #bji4 ,report+4 ,sec4 #baj4 ,def9itions4 ,sec4 #baa4 ,au?orization ( appropriations4 ,subtitle ,b--,fir/ respond] /abilization ,sec4 #bab4 ,purpose4 ,sec4 #bac4 ,grant program4 ,sec4 #bad4 ,appropriations4 ,subtitle ,c--,s*ool mod]nization ,"p ,i--,elem5t>y & second>y s*ools ,sec4 #bba4 ,purpose4 ,sec4 #bbb4 ,au?orization ( appropriations4 ,sec4 #bbc4 ,allocation ( funds4 ,sec4 #bbd4 ,/ate use ( funds4 ,sec4 #bbe4 ,/ate & local applications4 ,sec4 #bbf4 ,use ( funds4 ,sec4 #bbg4 ,private s*ools4 ,sec4 #bbh4 ,additional provisions4 ,"p ,,ii--,community ,college mod]nization ,sec4 #bbi4 ,f$]al assi/ance = community college mod]nization4 ,"p ,,iii--,def9itions ,sec4 #bcj4 ,def9itions4 ,subtitle ,d--,imm$iate transportation infra/ructure inve/m5ts ,sec4 #bda4 ,imm$iate transportation infra/ructure inve/m5ts4 ,subtitle ,e--,build+ & upgrad+ infra/ructure = long-,t]m developm5t ,sec4 #bdb4 ,%ort title4 ,sec4 #bdc4 ,f9d+s & purpose4 ,sec4 #bdd4 ,def9itions4 ,"p ,i--,am]ican infra/ructure f9anc+ au?ority ,sec4 #bde4 ,e/abli%m5t & g5]al au?ority ( ,,aifa4 ,sec4 #bdf4 ,vot+ memb]s ( ! ,bo>d ( ,directors4 ,sec4 #bdg4 ,*ief executive (fic] ( ,,aifa4 ,sec4 #bdh4 ,p[]s & duties ( ! ,bo>d ( ,directors4 ,sec4 #bdi4 ,s5ior managem5t4 ,sec4 #bej4 ,special ,inspector ,g5]al = ,,aifa4 ,sec4 #bea4 ,o!r p]sonnel4 ,sec4 #beb4 ,compliance4 ,"p ,,ii--,t]ms & limitations on direct loans & loan gu>antees ,sec4 #bec4 ,eligibility crit]ia = assi/ance f ,,aifa & t]ms & limitations ( loans4 ,sec4 #bed4 ,loan t]ms & repaym5t4 ,sec4 #bee4 ,compliance & en=cem5t4 ,sec4 #bef4 ,audits2 reports to ! ,presid5t & ,congress4 ,"p ,,iii--,fund+ ( ,,aifa ,sec4 #beg4 ,adm9i/rative fees4 ,sec4 #beh4 ,effici5cy ( ,,aifa4 ,sec4 #bei4 ,fund+4 ,"p ,,iv--,ext5sion ( exemption f alt]native m9imum tax treatm5t = c]ta9 tax-,exempt bonds ,sec4 #bfj4 ,ext5sion ( exemption f alt]native m9imum tax treatm5t = c]ta9 tax-exempt bonds4 ,subtitle ,f--,project rebuild ,sec4 #bfa4 ,project rebuild4 ,title ,,iii--,assi/ance = ! unemploy$ & pa?ways back to "w ,subtitle ,a--,support+ unemploy$ work]s ,sec4 #cja4 ,%ort title4 ,"p ,i--,ext5sion ( em]g5cy unemploym5t comp5sation & c]ta9 ext5d$ b5efits provisions1 & e/abli%m5t ( self-,employm5t assi/ance program ,sec4 #caa4 ,ext5sion ( em]g5cy unemploym5t comp5sation program4 ,sec4 #cab4 ,tempor>y ext5sion ( ext5d$ b5efit provisions4 ,sec4 #cac4 ,additional ext5d$ unemploym5t b5efits "u ! ,railroad ,unemploym5t ,insurance ,act4 ,"p ,,ii--,reemploym5t ,,n[ program ,sec4 #cba4 ,e/abli%m5t ( reemploym5t ,,n[ program4 ,sec4 #cbb4 ,di/ribution ( funds4 ,sec4 #cbc4 ,/ate plan4 ,sec4 #cbd4 ,bridge to "w program4 ,sec4 #cbe4 ,wage insurance4 ,sec4 #cbf4 ,enhanc$ reemploym5t /rategies4 ,sec4 #cbg4 ,self-employm5t programs4 ,sec4 #cbh4 ,additional innovative programs4 ,sec4 #cbi4 ,guidance & additional requirem5ts4 ,sec4 #ccj4 ,report ( in=mation & evaluations to ,congress & ! public4 ,sec4 #cca4 ,/ate4 ,"p ,,iii--,%ort-,"t comp5sation program ,sec4 #cda4 ,tempor>y f9anc+ ( %ort-"t comp5sation paym5ts 9 /ates ) programs 9 law4 ,sec4 #cdb4 ,tempor>y f9anc+ ( %ort-"t comp5sation agreem5ts4 ,sec4 #cdc4 ,grants = %ort-"t comp5sation programs4 ,sec4 #cdd4 ,assi/ance & guidance 9 implem5t+ programs4 ,sec4 #cde4 ,reports4 ,subtitle ,b--,long-,t]m unemploy$ hir+ pref]5ces ,sec4 #cea4 ,long-t]m unemploy$ work]s "w opportunity tax cr$its4 ,subtitle ,c--,pa?ways ,back to ,"w ,sec4 #cfa4 ,%ort title4 ,sec4 #cfb4 ,au?orization ( appropriations4 ,sec4 #cfc4 ,availability ( funds4 ,sec4 #cfd4 ,subsidiz$ employm5t = unemploy$1 l[-income adults4 ,sec4 #cfe4 ,summ] employm5t & ye>-r\nd employm5t opportunities = l[-income y\?4 ,sec4 #cff4 ,"w-bas$ employm5t /rategies ( demon/rat$ effectiv5ess4 ,sec4 #cfg4 ,g5]al requirem5ts4 ,sec4 #cfh4 ,def9itions4 ,subtitle ,d--,prohibition ( discrim9ation 9 employm5t on ! basis ( an individual's /atus z unemploy$ ,sec4 #cga4 ,%ort title4 ,sec4 #cgb4 ,f9d+s & purpose4 ,sec4 #cgc4 ,def9itions4 ,sec4 #cgd4 ,prohibit$ acts4 ,sec4 #cge4 ,en=cem5t4 ,sec4 #cgf4 ,f$]al & ,/ate immunity4 ,sec4 #cgg4 ,relation%ip to o!r laws4 ,sec4 #cgh4 ,sev]ability4 ,sec4 #cgi4 ,effective date4 ,title ,,iv--,(fsets ,subtitle ,a--#bh p]c5t limitation on c]ta9 d$uctions & exclusions ,sec4 #dja4 #bh p]c5t limitation on c]ta9 d$uctions & exclusions4 ,subtitle ,b--,tax c>ri$ int]e/ 9 inve/m5t p>tn]%ips z ord9>y income ,sec4 #daa4 ,p>tn]%ip int]e/s transf]r$ 9 connection ) p]=mance ( s]vices4 ,sec4 #dab4 ,special rules = p>tn]s provid+ inve/m5t managem5t s]vices to p>tn]%ips4 ,subtitle ,c--,close loophole = corporate jet depreciation ,sec4 #dba4 ,g5]al aviation aircraft treat$ z #g-ye> prop]ty4 ,subtitle ,d--,repeal oil subsidies ,sec4 #dca4 ,repeal ( d$uction = intangible drill+ & developm5t co/s 9 ! case ( oil & gas wells4 ,sec4 #dcb4 ,repeal ( d$uction = t]ti>y injectants4 ,sec4 #dcc4 ,repeal ( p]c5tage depletion = oil & gas wells4 ,sec4 #dcd4 ,section #aii d$uction n all[$ ) respect to oil1 natural gas1 or prim>y products !re(4 ,sec4 #dce4 ,repeal oil & gas work+ int]e/ exception to passive activity rules4 ,sec4 #dcf4 ,repeal enhanc$ oil recov]y cr$it4 ,sec4 #dcg4 ,uni=m sev5-ye> amortization = geological & geophysical exp5ditures4 ,sec4 #dch4 ,repeal m>g9al well production cr$it4 ,subtitle ,e--,dual capacity taxpay]s ,sec4 #dda4 ,modifications ( =eign tax cr$it rules applicable to dual capacity taxpay]s4 ,sec4 #ddb4 ,sep>ate basket treatm5t taxes paid on =eign oil & gas income4 ,subtitle ,f--,repeal ( seque/ration ,sec4 #dea4 ,repeal ( seque/ration4 #b4 ,ref]5ces ,except z expressly provid$ o!rwise1 any ref]5ce to ?is ,act conta9$ 9 any subtitle ( ?is ,act %all be treat$ z ref]r+ only to ! provisions ( t subtitle4 #c4 ,sev]ability ,if any provision ( ?is ,act1 or ! application !re( to any p]son or circum/ance1 is held invalid1 ! rema9d] ( ! ,act & ! application ( su* provision to o!r p]sons or circum/ances %all n be affect$ !reby4 #d4 ,buy ,am]ican--,use ( ,am]ican iron1 /eel1 & manufactur$ goods 7a7 ,none ( ! funds appropriat$ or o!rwise made available by ?is ,act may be us$ = a project = ! con/ruction1 alt]ation1 ma9t5ance1 or repair ( a public build+ or public "w unless all ( ! iron1 /eel1 & manufactur$ goods us$ 9 ! project are produc$ 9 ! ,unit$ ,/ates4 7b7 ,subsection 7a7 %all n apply 9 any case or category ( cases 9 :i* ! head ( ! ,f$]al dep>tm5t or ag5cy involv$ f9ds t-- 7#a7 apply+ subsection 7a7 w\ld be inconsi/5t ) ! public int]e/2 7#b7 iron1 /eel1 & ! relevant manufactur$ goods are n produc$ 9 ! ,unit$ ,/ates 9 suffici5t & reasonably available quantities & ( a satisfactory quality2 or 7#c7 inclusion ( iron1 /eel1 & manufactur$ goods produc$ 9 ! ,unit$ ,/ates w increase ! co/ ( ! ov]all project by m ?an #be p]c5t4 7c7 ,if ! head ( a ,f$]al dep>tm5t or ag5cy det]m9es t x is necess>y to waive ! application ( subsection 7a7 bas$ on a f9d+ "u subsection 7b71 ! head ( ! dep>tm5t or ag5cy %all publi% 9 ! ,f$]al ,regi/] a detail$ writt5 ju/ification z to :y ! provision is be+ waiv$4 7d7 ,?is section %all be appli$ 9 a mann] consi/5t ) ,unit$ ,/ates obligations "u int]national agreem5ts4 #e4 ,wage rate & employm5t protection requirem5ts 7a7 ,not)/&+ any o!r provision ( law & 9 a mann] consi/5t ) o!r provisions 9 ?is ,act1 all labor]s & me*anics employ$ by contractors & subcontractors on projects fund$ directly by or assi/$ 9 :ole or 9 "p by & ?r\gh ! ,f$]al ,gov]nm5t pursuant to ?is ,act %all be paid wages at rates n less ?an ^? prevail+ on projects ( a "* simil> 9 ! locality z det]m9$ by ! ,secret>y ( ,labor 9 accordance ) sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7b7 ,) respect to ! labor /&>ds specifi$ 9 ?is section1 ! ,secret>y ( ,labor %all h ! au?ority & functions set =? 9 ,reorganization ,plan ,numb]$ #ad ( #aiej 7#fd ,/at4 #abfg2 #e ,u4,s4,c4 ,app47 & section #cade ( title #dj1 ,unit$ ,/ates ,code4 7c7 ,projects z def9$ "u title #di1 ,unit$ ,/ates ,code1 fund$ directly by or assi/$ 9 :ole or 9 "p by & ?r\gh ! ,f$]al ,gov]nm5t pursuant to ?is ,act %all be subject to ! requirem5ts ( section #eccc7;b7 ( title #di1 ,unit$ ,/ates ,code4 ,i ,relief = work]s & bus9esses ,a ,mak+ "w pay cr$it #aja4 ,mak+ "w pay cr$it 7a7 ,9 g5]al ,subsection 7e7 ( section #cf;,a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ to read z foll[s3 7e7 ,t]m9ation ,?is section %all n apply to-- 7#a7 beg9n+ aft] ,decemb] #ca1 #bjaj1 & be=e ,janu>y #a1 #bjad1 & 7#b7 taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjad4 4 7b7 ,treatm5t ( possessions ,rules simil> to ! rules ( subsections 7b7 & 7c7 ( section #ajja ( ! ,am]ican ,recov]y & ,re9ve/m5t ,tax ,act ( #bjji %all apply ) respect to ! am5dm5t made by subsection 7a74 ,= purposes ( ! prec$+ s5t5ce1 su* section %all be appli$ by sub/itut+ taxable ye>s beg9n+ 9 #bjad = taxable ye>s beg9n+ 9 #bjji & #bjaj ea* place x occurs4 7c7 ,effective date ,?is section1 & ! am5dm5ts made by ?is section1 %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjac4 ,b ,o!r relief = bus9esses #aaa4 ,ext5sion ( tempor>y #ajj p]c5t bonus depreciation = c]ta9 bus9ess assets 7a7 ,9 g5]al ,p>agraph 7#e7 ( section #afh7k7 ( ! ,int]nal ,rev5ue ,code is am5d$-- 7#a7 by /rik+ ,janu>y #a1 #bjab ea* place x appe>s & ins]t+ ,janu>y #a1 #bjae1 & 7#b7 by /rik+ ,janu>y #a1 #bjac & ins]t+ ,janu>y #a1 #bjaf4 7b7 ,con=m+ am5dm5t ,! head+ = p>agraph 7#e7 ( section #afh7k7 ( ! ,int]nal ,rev5ue ,code is am5d$ by /rik+ ,pre-#bjab p]iods & ins]t+ ,pre-#bjad p]iods4 #aab4 ,surety bonds 7a7 ,maximum bond am\nt ,section #daa7;a77#a7 ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fid;b7a77#a77 is am5d$ by /rik+ #b1jjj1jjj & ins]t+ #e1jjj1jjj4 7b7 ,d5ial ( liability ,section #daa7;e77#b7 ( ! ,small ,bus9ess ,inve/m5t ,act ( #aieh 7#ae ,u4,s4,c4 #fid;b7e77#b77 is am5d$ by /rik+ #b1jjj1jjj & ins]t+ #e1jjj1jjj4 7c7 ,sunset ,! am5dm5ts made by subsections 7a7 & 7b7 ( ?is section %all rema9 9 effect until ,septemb] #cj1 #bjad4 7d7 ,fund+ ,!re is appropriat$ out ( any money 9 ! ,treasury n o!rwise appropriat$1 #c1jjj1jjj1 to rema9 available until exp5d$1 = additional capital = ! ,surety ,bond ,gu>antees ,revolv+ ,fund1 z au?oriz$ by ! ,small ,bus9ess ,inve/m5t ,act ( #aieh1 z am5d$4 ,,ii ,putt+ work]s back on ! job :ile rebuild+ & mod]niz+ ,am]ica ,a ,tea*] /abilization #bja4 ,purpose ,! purpose ( ?is subtitle is to provide funds to ,/ates to prev5t tea*] lay(fs & support ! creation ( additional jobs 9 public e>ly *ildhood1 elem5t>y1 & second>y education 9 ! #bjac-bjad & #bjad-bjae s*ool ye>s4 #bjb4 ,grants = ! outly+ areas & ! ,secret>y ( ! ,int]ior2 availability ( funds 7a7 ,res]vation ( funds ,f ! am\nt appropriat$ to c>ry out ?is subtitle "u section #bab1 ! ,secret>y-- 7#a7 %all res]ve up to "o-half ( "o p]c5t to provide assi/ance to ! outly+ areas on ! basis ( _! respective ne$s1 z det]m9$ by ! ,secret>y1 = activities consi/5t ) ?is subtitle "u su* t]ms & conditions z ! ,secret>y may det]m9e2 7#b7 %all res]ve up to "o-half ( "o p]c5t to provide assi/ance to ! ,secret>y ( ! ,int]ior to c>ry out activities consi/5t ) ?is subtitle1 9 s*ools op]at$ or fund$ by ! ,bureau ( ,indian ,education2 & 7#c7 may res]ve up to #b1jjj1jjj = adm9i/ration & ov]sight ( ?is subtitle1 includ+ program evaluation4 7b7 ,availability ( funds ,funds made available "u section #bab %all rema9 available to ! ,secret>y until ,septemb] #cj1 #bjad4 #bjc4 ,/ate allocation 7a7 ,allocation ,aft] res]v+ funds "u section #bjc7;a71 ! ,secret>y %all allocate ! rema9+ funds appropriat$ "u section #bab to ,/ates1 ( :i*-- 7#a7 #fj p]c5t %all be allocat$ to ,/ates on ! basis ( _! relative population ( individuals ag$ #e ?r\gh #ag2 & 7#b7 #dj p]c5t %all be allocat$ to ,/ates on ! basis ( _! relative total population4 7b7 ,aw>ds ,! ,secret>y %all aw>d a ,/ate's allocation "u subsection 7a7 to ! ,gov]nor ( ! ,/ate only if ! ,secret>y has approv$ ! ,/ate's application "u section #bje4 7c7 ,alt]nate di/ribution ( funds 7#a7 ,9 g5]al ,if1 )9 #cj days aft] ! date ( enactm5t ( ?is ,act1 a ,gov]nor has n submitt$ an approvable application to ! ,secret>y1 ! ,secret>y %all1 consi/5t ) p>agraph 7#b71 provide = funds allocat$ to t ,/ate to be di/ribut$ to ano!r entity or o!r entities 9 ! ,/ate = ! support ( e>ly *ildhood1 elem5t>y1 & second>y education1 "u su* t]ms & conditions z ! ,secret>y may e/abli%4 7#b7 ,ma9t5ance ( ef=t 7,a7 ,gov]nor assurance ,! ,secret>y %all n allocate funds "u p>agraph 7#a7 unless ! ,gov]nor ( ! ,/ate provides an assurance to ! ,secret>y t ! ,/ate w = fiscal ye>s #bjad & #bjae meet ! requirem5ts ( section #bji4 7,b7 ,allocations to o!r entities ,not)/&+ subp>agraph 7,a71 ! ,secret>y may allocate up to #ej p]c5t ( ! funds t are available to ! ,/ate "u p>agraph 7#a7 to ano!r entity or entities 9 ! ,/ate1 provid$ t ! ,/ate educational ag5cy submits data to ! ,secret>y demon/rat+ t ! ,/ate w = fiscal ye> #bjad meet ! requirem5ts ( section #bji7;a7 or ! ,secret>y o!rwise det]m9es t ! ,/ate w meet ^? requirem5ts1 or su* comp>able requirem5ts z ! ,secret>y may e/abli%1 = t ye>4 7#c7 ,requirem5ts ,an entity t receives funds "u p>agraph 7#a7 %all use ^? funds 9 accordance ) ! requirem5ts ( ?is subtitle4 7d7 ,reallocation ,if a ,/ate does n receive fund+ "u ?is subtitle or only receives a portion ( its allocation "u subsection 7c71 ! ,secret>y %all reallocate ! ,/ate's entire allocation or ! rema9+ portion ( its allocation1 z ! case may be1 to ! rema9+ ,/ates 9 accordance ) subsection 7a74 #bjd4 ,/ate application ,! ,gov]nor ( a ,/ate desir+ to receive a grant "u ?is subtitle %all submit an application to ! ,secret>y )9 #cj days ( ! date ( enactm5t ( ?is ,act1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may reasonably require to det]m9e ! ,/ate's compliance ) applicable provisions ( law4 #bje4 ,/ate res]vation & responsibilities 7a7 ,res]vation ,ea* ,/ate receiv+ a grant "u section #bjd7;b7 may res]ve-- 7#a7 n m ?an #aj p]c5t ( ! grant funds = aw>ds to ,/ate-fund$ e>ly le>n+ programs2 & 7#b7 n m ?an #b p]c5t ( ! grant funds = ! adm9i/rative co/s ( c>ry+ out its responsibilities "u ?is subtitle4 7b7 ,/ate responsibilities ,ea* ,/ate receiv+ a grant "u ?is subtitle %all1 aft] res]v+ any funds "u subsection 7a7-- 7#a7 use ! rema9+ grant funds only = aw>ds to local educational ag5cies = ! support ( e>ly *ildhood1 elem5t>y1 & second>y education2 7#b7 di/ribute ^? funds1 ?r\gh subgrants1 to its local educational ag5cies by di/ribut+-- 7,a7 #fj p]c5t on ! basis ( ! local educational ag5cies' relative %>es ( enrollm5t2 & 7,b7 #dj p]c5t on ! basis ( ! local educational ag5cies' relative %>es ( funds receiv$ "u "p ,a ( title ,i ( ! ,elem5t>y & ,second>y ,education ,act ( #aife = fiscal ye> #bjac2 & 7#c7 make ^? funds available to local educational ag5cies no lat] ?an #ajj days aft] receiv+ a grant f ! ,secret>y4 7c7 ,prohibitions ,a ,/ate %all n use funds receiv$ "u ?is subtitle to directly or indirectly-- 7#a7 e/abli%1 re/ore1 or supplem5t a ra9y-day fund2 7#b7 supplant ,/ate funds 9 a mann] t has ! effect ( e/abli%+1 re/or+1 or supplem5t+ a ra9y-day fund2 7#c7 r$uce or retire debt obligations incurr$ by ! ,/ate2 or 7#d7 supplant ,/ate funds 9 a mann] t has ! effect ( r$uc+ or retir+ debt obligations incurr$ by ! ,/ate4 #bjf4 ,local educational ag5cies ,ea* local educational ag5cy t receives a subgrant "u ?is subtitle-- 7#a7 %all use ! subgrant funds only = comp5sation & b5efits & o!r exp5ses1 su* z support s]vices1 necess>y to reta9 exi/+ employees1 recall or rehire =m] employees1 or hire new employees to provide e>ly *ildhood1 elem5t>y1 or second>y educational & relat$ s]vices2 7#b7 %all obligate ^? funds n lat] ?an ,septemb] #cj1 #bjae2 & 7#c7 may n use ^? funds = g5]al adm9i/rative exp5ses or = o!r support s]vices or exp5ditures1 z ^? t]ms are def9$ by ! ,national ,c5t] = ,education ,/ati/ics 9 ! ,common ,core ( ,data1 z ( ! date ( enactm5t ( ?is ,act4 #bjg4 ,e>ly le>n+ ,ea* ,/ate-fund$ e>ly le>n+ program t receives funds "u ?is subtitle %all-- 7#a7 use ^? funds only = comp5sation1 b5efits1 & o!r exp5ses1 su* z support s]vices1 necess>y to reta9 e>ly *ildhood educators1 recall or rehire =m] e>ly *ildhood educators1 or hire new e>ly *ildhood educators to provide e>ly le>n+ s]vices2 & 7#b7 obligate ^? funds n lat] ?an ,septemb] #cj1 #bjae4 #bjh4 ,ma9t5ance ( ef=t 7a7 ,requirem5t ,! ,secret>y %all n allocate funds to a ,/ate "u ?is subtitle unless ! ,/ate provides an assurance to ! ,secret>y t-- 7#a7 = ,/ate fiscal ye> #bjad-- 7,a7 ! ,/ate w ma9ta9 ,/ate support = e>ly *ildhood1 elem5t>y1 & second>y education 79 ! aggregate or on ! basis ( exp5diture p] pupil7 & = public in/itutions ( high] education 7n includ+ support = capital projects or = rese>* & developm5t or tuition & fees paid by /ud5ts7 at n less ?an ! level ( su* support = ea* ( ! two categories = ,/ate fiscal ye> #bjac2 or 7,b7 ! ,/ate w ma9ta9 ,/ate support = e>ly *ildhood1 elem5t>y1 & second>y education & = public in/itutions ( high] education 7n includ+ support = capital projects or = rese>* & developm5t or tuition & fees paid by /ud5ts7 at a p]c5tage ( ! total rev5ues available to ! ,/ate t is equal to or great] ?an ! p]c5tage provid$ = ,/ate fiscal ye> #bjac2 & 7#b7 = ,/ate fiscal ye> #bjae-- 7,a7 ! ,/ate w ma9ta9 ,/ate support = e>ly *ildhood1 elem5t>y1 & second>y education 79 ! aggregate or on ! basis ( exp5diture p] pupil7 & = public in/itutions ( high] education 7n includ+ support = capital projects or = rese>* & developm5t or tuition & fees paid by /ud5ts7 at n less ?an ! level ( su* support = ea* ( ! two categories = ,/ate fiscal ye> #bjad2 or 7,b7 ! ,/ate w ma9ta9 ,/ate support = e>ly *ildhood1 elem5t>y1 & second>y education & = public in/itutions ( high] education 7n includ+ support = capital projects or = rese>* & developm5t or tuition & fees paid by /ud5ts7 at a p]c5tage ( ! total rev5ues available to ! ,/ate t is equal to or great] ?an ! p]c5tage provid$ = ,/ate fiscal ye> #bjad4 7b7 ,waiv] ,! ,secret>y may waive ! requirem5ts ( ?is section if ! ,secret>y det]m9es t a waiv] w\ld be equitable due to-- 7#a7 exceptional or uncontrollable circum/ances1 su* z a natural disa/]2 or 7#b7 a precipit\s decl9e 9 ! f9ancial res\rces ( ! ,/ate4 #bji4 ,report+ ,ea* ,/ate t receives a grant "u ?is subtitle %all submit1 on an annual basis1 a report to ! ,secret>y t conta9s-- 7#a7 a description ( h[ funds receiv$ "u ?is "p 7 exp5d$ or obligat$2 & 7#b7 an e/imate ( ! numb] ( jobs support$ by ! ,/ate us+ funds receiv$ "u ?is subtitle4 #baj4 ,def9itions ,9 ?is subtitle3 7#a7 ,,esea def9itions ,except z o!rwise provid$1 ! t]ms local educational ag5cy1 outly+ area1 ,secret>y1 ,/ate1 & ,/ate educational ag5cy h ! mean+s giv5 ^? t]ms 9 section #iaja ( ! ,elem5t>y & ,second>y ,education ,act ( #aife 7#bj ,u4,s4,c4 #ghja74 7#b7 ,/ate ,! t]m ,/ate does n include an outly+ area4 7#c7 ,e>ly *ild educator ,! t]m e>ly *ildhood educator means an individual :o-- 7,a7 works directly ) *ildr5 9 a ,/ate-fund$ e>ly le>n+ program 9 a l[-income community2 7,b7 is involv$ directly 9 ! c>e1 developm5t1 & education ( infants1 toddl]s1 or "y *ildr5 age five & "u2 & 7,c7 has complet$ a baccalaureate or advanc$ degree 9 e>ly *ildhood developm5t or e>ly *ildhood education1 or 9 a field relat$ to e>ly *ildhood education4 7#d7 ,/ate-fund$ e>ly le>n+ program ,! t]m ,/ate-fund$ e>ly le>n+ program means a program t provides educational s]vices to *ildr5 f bir? to k9d]g>t5 entry & receives fund+ f a ,/ate4 #baa4 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$1 & !re are appropriat$1 #cj1jjj1jjj1jjj to c>ry out ?is subtitle = fiscal ye> #bjad4 ,b ,fir/ respond] /abilization #bab4 ,purpose ,! purpose ( ?is subtitle is to provide funds to ,/ates & localities to prev5t lay(fs (1 & support ! creation ( additional jobs =1 law en=cem5t (fic]s & o!r fir/ respond]s4 #bac4 ,grant program ,! ,attorney ,g5]al %all c>ry out a competitive grant program pursuant to section #agja ( title ,i ( ! ,omnibus ,crime ,control & ,safe ,/reets ,act ( #aifh 7#db ,u4,s4,c4 #cgif;dd7 = hir+1 rehir+1 or ret5tion ( c>e] law en=cem5t (fic]s "u "p ,q ( su* title4 ,grants aw>d$ "u ?is section %all n be subject to subsections 7g7 or 7i7 ( section #agja or to section #agjd ( su* ,act 7#db ,u4,s4,c4 #cgif;dd-#c7;c774 #bad4 ,appropriations ,!re are h]eby appropriat$ to ! ,community ,ori5t$ ,polic+ ,/abilization ,fund out ( any money 9 ! ,treasury n o!rwise obligat$1 #e1jjj1jjj1jjj1 to rema9 available until ,septemb] #cj1 #bjab1 ( :i* #d1jjj1jjj1jjj %all be = ! ,attorney ,g5]al to c>ry out ! competitive grant program "u section #bad2 & ( :i* #a1jjj1jjj1jjj %all be transf]r$ by ! ,attorney ,g5]al to a ,fir/ ,respond] ,/abilization ,fund f :i* ! ,secret>y ( ,homel& ,security %all make competitive grants = hir+1 rehir+1 or ret5tion pursuant to ! ,f$]al ,fire ,prev5tion & ,control ,act ( #aigd 7#ae ,u4,s4,c4 #bbja et seq471 to c>ry out section #cd ( su* ,act 7#ae ,u4,s4,c4 #bbbi;a74 ,9 mak+ su* grants1 ! ,secret>y may grant waiv]s f ! requirem5ts 9 subsections 7a77#a77;,a71 7a77#a77;,b71 7a77#a77;,e71 7c77#a71 7c77#b71 & 7c77#d77;,a7 ( su* section #cd4 ,( ! am\nts appropriat$ h]e91 n to exce$ #h1jjj1jjj %all be = adm9i/rative co/s ( ! ,attorney ,g5]al1 & n to exce$ #b1jjj1jjj %all be = adm9i/rative co/s ( ! ,secret>y ( ,homel& ,security4 ,c ,s*ool mod]nization ,i ,elem5t>y & second>y s*ools #bba4 ,purpose ,! purpose ( ?is "p is to provide assi/ance = ! mod]nization1 r5ovation1 & repair ( elem5t>y & second>y s*ool build+s 9 public s*ool di/ricts across ,am]ica 9 ord] to support ! a*ievem5t ( improv$ educational outcomes 9 ^? s*ools4 #bbb4 ,au?orization ( appropriations ,!re are au?oriz$ to be appropriat$1 & !re are appropriat$1 #be1jjj1jjj1jjj to c>ry out ?is "p1 :i* %all be available = obligation by ! ,secret>y until ,septemb] #cj1 #bjad4 #bbc4 ,allocation ( funds 7a7 ,res]vations ,( ! am\nt made available to c>ry out ?is "p1 ! ,secret>y %all res]ve-- 7#a7 "o-half ( "o p]c5t = ! ,secret>y ( ! ,int]ior to c>ry out mod]nization1 r5ovation1 & repair activities describ$ 9 section #bbf 9 s*ools op]at$ or fund$ by ! ,bureau ( ,indian ,education2 7#b7 "o-half ( "o p]c5t to make grants to ! outly+ areas = mod]nization1 r5ovation1 & repair activities describ$ 9 section #bbf2 & 7#c7 su* funds z ! ,secret>y det]m9es are ne$$ to conduct a survey1 by ! ,national ,c5t] = ,education ,/ati/ics1 ( ! s*ool con/ruction1 mod]nization1 r5ovation1 & repair ne$s ( ! public s*ools ( ! ,unit$ ,/ates4 7b7 ,/ate allocation ,aft] res]v+ funds "u subsection 7a71 ! ,secret>y %all allocate ! rema9+ am\nt among ! ,/ates 9 proportion to _! respective allocations "u "p ,a ( title ,i ( ! ,elem5t>y & ,second>y ,education ,act ( #aife 79 ?is "p ref]r$ to z ! ,,esea7 7#bj ,u4,s4,c4 #fcaa et seq47 = fiscal ye> #bjac1 except t-- 7#a7 ! ,secret>y %all allocate #dj p]c5t ( su* rema9+ am\nt to ! #ajj local educational ag5cies ) ! l>ge/ numb]s ( *ildr5 ag$ #e-ag liv+ 9 pov]ty1 z det]m9$ us+ ! mo/ rec5t data available f ! ,dep>tm5t ( ,comm]ce t are satisfactory to ! ,secret>y1 9 proportion to ^? ag5cies' respective allocations "u "p ,a ( title ,i ( ! ,,esea = fiscal ye> #bjac2 & 7#b7 ! allocation to any ,/ate %all be r$uc$ by ! aggregate am\nt ( ! allocations "u p>agraph 7#a7 to local educational ag5cies 9 t ,/ate4 7c7 ,rema9+ allocation 7#a7 ,/ates ,if a ,/ate does n apply = its allocation "u subsection 7b7 7or applies = less ?an ! full allocation = :i* x is eligible7 or does n use t allocation 9 a timely mann]1 ! ,secret>y may-- 7,a7 reallocate all or a portion ( t allocation to ! o!r ,/ates 9 accordance ) subsection 7b72 or 7,b7 use all or a portion ( t allocation to make direct allocations to local educational ag5cies )9 ! ,/ate bas$ on _! respective allocations "u "p ,a ( title ,i ( ! ,,esea = fiscal ye> #bjac or su* o!r me?od z ! ,secret>y may det]m9e4 7#b7 ,local educational ag5cies ,if a local educational ag5cy does n apply = its allocation "u subsection 7b77#a71 applies = less ?an ! full allocation = :i* x is eligible1 or does n use t allocation 9 a timely mann]1 ! ,secret>y may reallocate all or a portion ( its allocation to ! ,/ate 9 :i* t ag5cy is locat$4 #bbd4 ,/ate use ( funds 7a7 ,res]vation ,ea* ,/ate t receives a grant "u ?is "p may res]ve n m ?an "o p]c5t ( ! ,/ate's allocation "u section #bbc7;b7 = ! purpose ( adm9i/]+ ! grant1 except t no ,/ate may res]ve m ?an #gej1jjj = ?is purpose4 7b7 ,funds to local educational ag5cies 7#a7 ,=mula subgrants ,f ! grant funds t are n res]v$ "u subsection 7a71 a ,/ate %all allocate at lea/ #ej p]c5t to local educational ag5cies1 includ+ *>t] s*ools t are local educational ag5cies1 t did n receive funds "u section #bbc7;b77#a7 f ! ,secret>y1 9 accordance ) _! respective allocations "u "p ,a ( title ,i ( ! ,,esea = fiscal ye> #bjac1 except t no su* local educational ag5cy %all receive less ?an #aj1jjj4 7#b7 ,additional subgrants ,! ,/ate %all use any funds rema9+1 aft] res]v+ funds "u subsection 7a7 & allocat+ funds "u p>agraph 7#a71 = subgrants to local educational ag5cies t did n receive funds "u section #bbc7;b77#a71 includ+ *>t] s*ools t are local educational ag5cies1 to support mod]nization1 r5ovation1 & repair projects t ! ,/ate det]m9es1 us+ objective crit]ia1 are mo/ ne$$ 9 ! ,/ate1 ) priority giv5 to projects 9 rural local educational ag5cies4 7c7 ,rema9+ funds ,if a local educational ag5cy does n apply = an allocation "u subsection 7b77#a71 applies = less ?an its full allocation1 or fails to use t allocation 9 a timely mann]1 ! ,/ate may reallocate any unus$ portion to o!r local educational ag5cies 9 accordance ) subsection 7b74 #bbe4 ,/ate & local applications 7a7 ,/ate application ,a ,/ate t desires to receive a grant "u ?is "p %all submit an application to ! ,secret>y at su* "t1 9 su* mann]1 & conta9+ su* in=mation & assurances z ! ,secret>y may require1 :i* %all include-- 7#a7 an id5tification ( ! ,/ate ag5cy or entity t w adm9i/] ! program "u ?is "p2 & 7#b7 ! ,/ate's process = det]m9+ h[ ! grant funds w be di/ribut$ & adm9i/]$1 includ+-- 7,a7 h[ ! ,/ate w det]m9e ! crit]ia & priorities 9 mak+ subgrants "u section #bbd7;b77#b72 7,b7 any additional crit]ia ! ,/ate w use 9 det]m9+ :i* projects x w fund "u t section2 7,c7 a description ( h[ ! ,/ate w consid]-- 7i7 ! ne$s ( local educational ag5cies = assi/ance "u ?is "p2 7ii7 ! impact ( pot5tial projects on job creation 9 ! ,/ate2 7iii7 ! fiscal capacity ( local educational ag5cies apply+ = assi/ance2 7iv7 ! p]c5tage ( *ildr5 9 ^? local educational ag5cies :o are f l[-income families2 & 7v7 ! pot5tial = lev]ag+ assi/ance provid$ by ! program "u ?is "p ?r\gh mat*+ or o!r f9anc+ me*anisms2 7,d7 a description ( h[ ! ,/ate w ensure t ! local educational ag5cies receiv+ subgrants meet ! requirem5ts ( ?is "p2 7,e7 a description ( h[ ! ,/ate w ensure t ! ,/ate & its local educational ag5cies meet ! deadl9es e/abli%$ 9 section #bbh2 7,f7 a description ( h[ ! ,/ate w give priority to ! use ( gre5 practices t are c]tifi$1 v]ifi$1 or consi/5t ) any applicable provisions (-- 7i7 ! ,,le$ ,gre5 ,build+ ,rat+ ,sy/em2 7ii7 ,en]gy ,/>2 7iii7 ! ,,*ps ,crit]ia2 7iv7 ,gre5 ,globes2 or 7v7 an equival5t program adopt$ by ! ,/ate or ano!r jurisdiction ) au?ority ov] ! local educational ag5cy2 7,g7 a description ( ! /eps t ! ,/ate w take to ensure t local educational ag5cies receiv+ subgrants "u ?is "p w adequately ma9ta9 any facilities t are mod]niz$1 r5ovat$1 or repair$ ) su* subgrant funds2 & 7,h7 su* additional in=mation & assurances z ! ,secret>y may require4 7b7 ,local application ,a local educational ag5cy t is eligible "u section #bbc7;b77#a7 t desires to receive a grant "u ?is "p %all submit an application to ! ,secret>y at su* "t1 9 su* mann]1 & conta9+ su* in=mation & assurances z ! ,secret>y may require1 :i* %all include-- 7#a7 a description ( h[ ! local educational ag5cy w meet ! deadl9es & requirem5ts ( ?is "p2 7#b7 a description ( ! /eps t ! local educational ag5cy w take to adequately ma9ta9 any facilities t are mod]niz$1 r5ovat$1 or repair$ ) funds "u ?is "p2 & 7#c7 su* additional in=mation & assurances z ! ,secret>y may require4 #bbf4 ,use ( funds 7a7 ,9 g5]al ,funds aw>d$ to local educational ag5cies "u ?is "p %all be us$ only = ei!r or bo? ( ! foll[+ mod]nization1 r5ovation1 or repair activities 9 facilities t are us$ = elem5t>y or second>y education or = e>ly le>n+ programs3 7#a7 ,direct paym5ts = s*ool mod]nization1 r5ovation1 or repair4 7#b7 ,to pay int]e/ on bonds or paym5ts = o!r f9anc+ in/rum5ts t are newly issu$ = ! purpose ( f9anc+ s*ool mod]nization1 r5ovation1 or repair4 7b7 ,supplem5t1 n supplant ,funds made available "u ?is "p %all be us$ to supplem5t1 & n supplant1 o!r ,f$]al1 ,/ate1 & local funds t w\ld o!rwise be exp5d$ to mod]nize1 r5ovate1 or repair eligible s*ool facilities4 7c7 ,prohibition ,funds aw>d$ to local educational ag5cies "u ?is "p may n be us$ =-- 7#a7 new con/ruction2 7#b7 paym5t ( r\t9e ma9t5ance co/s2 or 7#c7 mod]nization1 r5ovation1 or repair ( /adiums or o!r facilities prim>ily us$ = a?letic conte/s or exhibitions or o!r ev5ts = :i* admission is *>g$ to ! g5]al public4 #bbg4 ,private s*ools 7a7 ,9 g5]al ,section #ieja ( ! ,,esea 7#bj ,u4,s4,c4 #ghha7 %all apply to ?is "p 9 ! same mann] z x applies to activities "u t ,act1 except t-- 7#a7 su* section #ieja %all n apply ) respect to ! title to any real prop]ty mod]niz$1 r5ovat$1 or repair$ ) assi/ance provid$ "u ?is "p2 7#b7 educational s]vices or o!r b5efits fund$ "u ?is "p = private s*ools %all be provid$ only to private1 nonpr(it elem5t>y or second>y s*ools ) a rate ( *ild pov]ty ( at lea/ #dj p]c5t & may include only-- 7,a7 modifications ( s*ool facilities necess>y to meet ! /&>ds applicable to public s*ools "u ! ,am]icans ) ,disabilities ,act ( #aiij 7#db ,u4,s4,c4 #abaja et seq472 7,b7 modifications ( s*ool facilities necess>y to meet ! /&>ds applicable to public s*ools "u section #ejd ( ! ,rehabilitation ,act ( #aigc 7#bi ,u4,s4,c4 #gid72 & 7,c7 asbe/os or poly*lor9at$ biph5yls abatem5t or removal f s*ool facilities2 & 7#c7 exp5ditures = s]vices provid$ us+ funds made available "u section #bbf %all be consid]$ equal = purposes ( section #ieja7;a77#d7 ( ! ,,esea if ! p]-pupil exp5ditures = s]vices describ$ 9 p>agraph 7#b7 = /ud5ts enroll$ 9 private1 nonpr(it elem5t>y & second>y s*ools t h *ild-pov]ty rates ( at lea/ #dj p]c5t are consi/5t ) ! p]-pupil exp5ditures "u ?is "p = *ildr5 enroll$ 9 ! public s*ools ( ! local educational ag5cy receiv+ funds "u ?is "p4 7b7 ,rema9+ funds ,if ! exp5diture = s]vices describ$ 9 subsection 7a77#b7 is less ?an ! am\nt calculat$ "u subsection 7a77#c7 because ( insuffici5t ne$ = ^? s]vices1 ! rema9d] %all be available to ! local educational ag5cy = mod]nization1 r5ovation1 or repair ( its s*ool facilities4 7c7 ,application ,if any provision ( ?is section1 or ! application !re(1 to any p]son or circum/ance is judicially det]m9$ to be invalid1 ! rema9d] ( ! section & ! application to o!r p]sons or circum/ances %all n be affect$ !reby4 #bbh4 ,additional provisions 7a7 #bd-,mon? p]iod ( availability ,funds appropriat$ "u section #bbb %all be available = obligation by local educational ag5cies receiv+ grants f ! ,secret>y "u section #bbc7;b77#a71 by ,/ates res]v+ funds "u section #bbd7;a71 & by local educational ag5cies receiv+ subgrants "u section #bbd7;b77#a7 only dur+ ! p]iod t ends #bd mon?s aft] ! date ( enactm5t ( ?is ,act4 7b7 #cf-,mon? p]iod ( availability ,funds appropriat$ "u section #bbb %all be available = obligation by local educational ag5cies receiv+ subgrants "u section #bbd7;b77#b7 only dur+ ! p]iod t ends #cf mon?s aft] ! date ( enactm5t ( ?is ,act4 7c7 ,applicability ( ,,gepa ,section #dci ( ! ,g5]al ,education ,provisions ,act 7#bj ,u4,s4,c4 #abcb;b7 %all apply to funds available "u ?is "p4 7d7 ,limitation ,= purposes ( section #bbc7;b77#a71 ,hawaii1 ! ,di/rict ( ,columbia1 & ! ,commonweal? ( ,pu]to ,rico are n local educational ag5cies4 ,,ii ,community ,college mod]nization #bbi4 ,f$]al assi/ance = community college mod]nization 7a7 ,9 g5]al 7#a7 ,grant program ,f ! am\nts made available "u subsection 7h71 ! ,secret>y %all aw>d grants to ,/ates to mod]nize1 r5ovate1 or repair exi/+ facilities at community colleges4 7#b7 ,allocation 7,a7 ,res]vations ,( ! am\nt made available to c>ry out ?is section1 ! ,secret>y %all res]ve-- 7i7 up to #j4be p]c5t = grants to in/itutions t are eligible "u section #caf ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajei;c7 to provide = mod]nization1 r5ovation1 & repair activities describ$ 9 ?is section2 & 7ii7 up to #j4be p]c5t = grants to ! outly+ areas to provide = mod]nization1 r5ovation1 & repair activities describ$ 9 ?is section4 7,b7 ,allocation ,aft] res]v+ funds "u subp>agraph 7,a71 ! ,secret>y %all allocate to ea* ,/ate t has an application approv$ by ! ,secret>y an am\nt t be>s ! same relation to any rema9+ funds z ! total numb] ( /ud5ts 9 su* ,/ate :o are enroll$ 9 in/itutions describ$ 9 section #bcj7;b77#a77;,a7 plus ! numb] ( /ud5ts :o are e/imat$ to be enroll$ 9 & pursu+ a degree or c]tificate t is n a ba*elor's1 ma/]'s1 pr(essional1 or o!r advanc$ degree 9 in/itutions describ$ 9 section #bcj7;b77#a77;,b71 bas$ on ! proportion ( degrees or c]tificates aw>d$ by su* in/itutions t are n ba*elor's1 ma/]'s1 pr(essional1 or o!r advanc$ degrees1 z report$ to ! ,integrat$ ,po/second>y ,data ,sy/em be>s to ! e/imat$ total numb] ( su* /ud5ts 9 all ,/ates1 except t no ,/ate %all receive less ?an #b1ejj1jjj4 7,c7 ,reallocation ,am\nts n allocat$ "u ?is section to a ,/ate because ! ,/ate ei!r did n submit an application "u subsection 7b71 ! ,/ate submitt$ an application t ! ,secret>y det]m9$ did n meet ! requirem5ts ( su* subsection1 or ! ,/ate _c demon/rate to ! ,secret>y a suffici5t dem& = projects to w>rant ! full allocation ( ! funds1 %all be proportionately reallocat$ "u ?is p>agraph to ! o!r ,/ates t h a demon/rat$ ne$ =1 & are receiv+1 allocations "u ?is section4 7,d7 ,/ate adm9i/ration ,a ,/ate t receives a grant "u ?is section may use n m ?an "o p]c5t ( t grant to adm9i/] x1 except t no ,/ate may use m ?an #gej1jjj ( its grant = ?is purpose4 7#c7 ,supplem5t1 n supplant ,funds made available "u ?is section %all be us$ to supplem5t1 & n supplant1 o!r ,f$]al1 ,/ate1 & local funds t w\ld o!rwise be exp5d$ to mod]nize1 r5ovate1 or repair exi/+ community college facilities4 7b7 ,application ,a ,/ate t desires to receive a grant "u ?is section %all submit an application to ! ,secret>y at su* "t1 9 su* mann]1 & conta9+ su* in=mation & assurances z ! ,secret>y may require4 ,su* application %all include a description (-- 7#a7 h[ ! funds provid$ "u ?is section w improve in/ruction at community colleges 9 ! ,/ate & w improve ! ability ( ^? colleges to educate & tra9 /ud5ts to meet ! work=ce ne$s ( employ]s 9 ! ,/ate2 7#b7 ! project$ />t ( ea* project & ! e/imat$ numb] ( p]sons to be employ$ 9 ! project2 & 7#c7 ! co/ ( ea* project & ! total am\nt ( funds reque/$ = ea* project & = all projects4 7c7 ,prohibit$ uses ( funds 7#a7 ,9 g5]al ,no funds aw>d$ "u ?is section may be us$ =-- 7,a7 paym5t ( r\t9e ma9t5ance co/s2 7,b7 con/ruction1 mod]nization1 r5ovation1 or repair ( /adiums or o!r facilities prim>ily us$ = a?letic conte/s or exhibitions or o!r ev5ts = :i* admission is *>g$ to ! g5]al public2 or 7,c7 con/ruction1 mod]nization1 r5ovation1 or repair ( facilities-- 7i7 us$ = sect>ian in/ruction1 religi\s wor%ip1 or a s*ool or dep>tm5t ( div9ity2 or 7ii7 9 :i* a sub/antial portion ( ! functions ( ! facilities are subsum$ 9 a religi\s mission4 7#b7 ,f\r-ye> in/itutions ,no funds aw>d$ to a f\r-ye> public in/itution ( high] education "u ?is section may be us$ = any facility1 s]vice1 or program ( ! in/itution t is n available to /ud5ts :o are pursu+ a degree or c]tificate t is n a ba*elor's1 ma/]'s1 pr(essional1 or o!r advanc$ degree4 7d7 ,gre5 projects ,9 provid+ assi/ance to community college projects "u ?is section1 ! ,/ate %all consid] ! ext5t to :i* a community college's project involves activities t are c]tifi$1 v]ifi$1 or consi/5t ) ! applicable provisions (-- 7#a7 ! ,,le$ ,gre5 ,build+ ,rat+ ,sy/em2 7#b7 ,en]gy ,/>2 7#c7 ! ,,*ps ,crit]ia1 z applicable2 7#d7 ,gre5 ,globes2 or 7#e7 an equival5t program adopt$ by ! ,/ate or ! ,/ate high] education ag5cy t includes a v]ifiable me?od to demon/rate compliance ) su* program4 7e7 ,application ( ,,gepa ,section #dci ( ! ,g5]al ,education ,provisions ,act 7#bj ,u4,s4,c4 #abcb;b7 %all apply to funds available "u ?is section4 7f7 ,reports by ! /ates ,ea* ,/ate t receives a grant "u ?is section %all1 n lat] ?an ,septemb] #cj1 #bjad1 & annually !reaft] = ea* fiscal ye> 9 :i* ! ,/ate exp5ds funds receiv$ "u ?is section1 submit to ! ,secret>y a report t includes-- 7#a7 a description ( ! projects = :i* ! grant 01 or w be1 us$2 7#b7 a description ( ! am\nt & nature ( ! assi/ance provid$ to ea* community college "u ?is section2 & 7#c7 ! numb] ( jobs creat$ by ! projects fund$ "u ?is section4 7g7 ,report by ! secret>y ,! ,secret>y %all submit to ! au?oriz+ committees 7z def9$ 9 section #ajc ( ! ,high] ,education ,act ( #aife2 #bj ,u4,s4,c4 #ajjc7 an annual report on ! grants made "u ?is section1 includ+ ! in=mation describ$ 9 subsection 7f74 7h7 ,availability ( funds 7#a7 ,!re are au?oriz$ to be appropriat$1 & !re are appropriat$1 to c>ry out ?is section 79 addition to any o!r am\nts appropriat$ to c>ry out ?is section & out ( any money 9 ! ,treasury n o!rwise appropriat$71 #e1jjj1jjj1jjj = fiscal ye> #bjad4 7#b7 ,funds appropriat$ "u ?is subsection %all be available = obligation by community colleges only dur+ ! p]iod t ends #cf mon?s aft] ! date ( enactm5t ( ?is ,act4 ,,iii ,def9itions #bcj4 ,def9itions 7a7 ,,esea t]ms ,except z o!rwise provid$1 9 ?is subtitle1 ! t]ms local educational ag5cy1 ,secret>y1 & ,/ate educational ag5cy h ! mean+s giv5 ^? t]ms 9 section #iaja ( ! ,elem5t>y & ,second>y ,education ,act ( #aife 7#bj ,u4,s4,c4 #ghja74 7b7 ,additional def9itions ,! foll[+ def9itions apply to ?is title3 7#a7 ,community college ,! t]m community college means-- 7,a7 a junior or community college1 z t t]m is def9$ 9 section #cab7;f7 ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajeh7;f772 or 7,b7 an in/itution ( high] education 7z def9$ 9 section #aja ( ! ,high] ,education ,act ( #aife 7#bj ,u4,s4,c4 #ajja77 t aw>ds a significant numb] ( degrees & c]tificates1 z det]m9$ by ! ,secret>y1 t are n-- 7i7 ba*elor's degrees 7or an equival5t72 or 7ii7 ma/]'s1 pr(essional1 or o!r advanc$ degrees4 7#b7 ,,*ps crit]ia ,! t]m ,,*ps ,crit]ia means ! gre5 build+ rat+ program develop$ by ! ,collaborative = ,high ,p]=mance ,s*ools4 7#c7 ,en]gy /> ,! t]m ,en]gy ,/> means ! ,en]gy ,/> program ( ! ,unit$ ,/ates ,dep>tm5t ( ,en]gy & ! ,unit$ ,/ates ,environm5tal ,protection ,ag5cy4 7#d7 ,gre5 globes ,! t]m ,gre5 ,globes means ! ,gre5 ,build+ ,initiative environm5tal design & rat+ sy/em ref]r$ to z ,gre5 ,globes4 7#e7 ,le$ gre5 build+ rat+ sy/em ,! t]m ,,le$ ,gre5 ,build+ ,rat+ ,sy/em means ! ,unit$ ,/ates ,gre5 ,build+ ,c\ncil ,lead]%ip 9 ,en]gy & ,environm5tal ,design gre5 build+ rat+ /&>d ref]r$ to z ! ,,le$ ,gre5 ,build+ ,rat+ ,sy/em4 7#f7 ,mod]nization1 r5ovation1 & repair ,! t]m mod]nization1 r5ovation1 & repair means-- 7,a7 compreh5sive assessm5ts ( facilities1 includ+ indoor air-quality assessm5ts1 to id5tify-- 7i7 facility conditions or defici5cies t c\ld adv]sely affect /ud5t & /aff heal?1 safety1 p]=mance1 or productivity or en]gy1 wat]1 or mat]ials effici5cy2 & 7ii7 ne$$ facility improvem5ts2 7,b7 repair+1 replac+1 or in/all+ ro(s 7:i* may be ext5sive1 int5sive1 or semi-int5sive gre5 ro(s72 electrical wir+2 wat] supply & plumb+ sy/ems1 sewage sy/ems1 /orm wat] run(f sy/ems1 light+ sy/ems 7or compon5ts ( su* sy/ems72 or build+ envelope1 w9d[s1 ceil+s1 floor+1 or doors1 includ+ security doors2 7,c7 repair+1 replac+1 or in/all+ heat+1 v5tilation1 or air condition+ sy/ems1 or compon5ts ( ^? sy/ems 7includ+ insulation7 to improve en]gy effici5cy2 7,d7 compliance ) fire1 heal?1 seismic1 & safety codes1 includ+ pr(essional in/allation ( fire & life safety al>ms1 & mod]nizations1 r5ovations1 & repairs t ensure t facilities are prep>$ = su* em]g5cies z acts ( t]rorism1 campus viol5ce1 & natural disa/]s1 su* z improv+ build+ infra/ructure to accommodate security measures & in/all+ or upgrad+ te*nology to ensure t a s*ool or incid5t is able to respond to su* em]g5cies2 7,e7 mak+ modifications necess>y to make educational facilities accessible 9 compliance ) ! ,am]icans ) ,disabilities ,act ( #aiij 7#db ,u4,s4,c4 #abaja et seq47 & section #ejd ( ! ,rehabilitation ,act ( #aigc 7#bi ,u4,s4,c4 #gid71 except t su* modifications %all n be ! prim>y use ( a grant or subgrant2 7,f7 abatem5t1 removal1 or int]im controls ( asbe/os1 poly*lor9at$ biph5yls1 mold1 mildew1 or lead-bas$ haz>ds1 includ+ lead-bas$ pa9t haz>ds2 7,g7 retr(itt+ necess>y to increase en]gy effici5cy2 7,h7 measures1 su* z selection & sub/itution ( products & mat]ials1 & implem5tation ( improv$ ma9t5ance & op]ational proc$ures1 su* z gre5 clean+ programs1 to r$uce or elim9ate pot5tial /ud5t or /aff exposure to-- 7i7 volatile organic comp\nds2 7ii7 p>ticles su* z du/ & poll5s2 or 7iii7 combu/ion gases2 7,i7 mod]nization1 r5ovation1 or repair necess>y to r$uce ! consumption ( coal1 electricity1 l&1 natural gas1 oil1 or wat]2 7,j7 in/allation or upgrad+ ( educational te*nology infra/ructure2 7,k7 in/allation or upgrad+ ( r5ewable en]gy g5]ation & heat+ sy/ems1 includ+ sol>1 photovoltaic1 w9d1 biomass 7includ+ wood pellet & woody biomass71 wa/e-to-en]gy1 sol>-!rmal1 & geo!rmal sy/ems1 & en]gy audits2 7,l7 mod]nization1 r5ovation1 or repair activities relat$ to en]gy effici5cy & r5ewable en]gy1 & improvem5ts to build+ infra/ructures to accommodate bicycle & p$e/rian access2 7,m7 gr\nd improvem5ts1 /orm wat] managem5t1 l&scap+1 & environm5tal clean-up :5 necess>y2 7,n7 o!r mod]nization1 r5ovation1 or repair to-- 7i7 improve tea*]s' ability to tea* & /ud5ts' ability to le>n2 7ii7 ensure ! heal? & safety ( /ud5ts & /aff2 or 7iii7 improve classroom1 laboratory1 & vocational facilities 9 ord] to enhance ! quality ( sci5ce1 te*nology1 eng9e]+1 & ma!matics in/ruction2 & 7,o7 requir$ environm5tal rem$iation relat$ to facilities mod]nization1 r5ovation1 or repair activities describ$ 9 subp>agraphs 7,a7 ?r\gh 7,n74 7#g7 ,outly+ area ,! t]m outly+ area means ! ,u4,s4 ,virg9 ,isl&s1 ,guam1 ,am]ican ,samoa1 ! ,commonweal? ( ! ,nor!rn ,m>iana ,isl&s1 & ! ,republic ( ,palau4 7#h7 ,/ate ,! t]m ,/ate means ea* ( ! #ej ,/ates ( ! ,unit$ ,/ates1 ! ,commonweal? ( ,pu]to ,rico1 & ! ,di/rict ( ,columbia4 ,d ,imm$iate transportation infra/ructure inve/m5ts #bda4 ,imm$iate transportation infra/ructure inve/m5ts 7a7 ,grants-,9-,aid = airports 7#a7 ,9 g5]al ,!re is made available to ! ,secret>y ( ,transportation #b1jjj1jjj1jjj to c>ry out airport improvem5t "u sub*apt] ,i ( *apt] #dga & sub*apt] ,i ( *apt] #dge ( title #di1 ,unit$ ,/ates ,code4 7#b7 ,f$]al %>e2 limitation on obligations ,! ,f$]al %>e payable ( ! co/s = :i* a grant is made "u ?is subsection1 %all be #ajj p]c5t4 ,! am\nt made available "u ?is subsection %all n be subject to any limitation on obligations = ! ,grants-,9-,aid = ,airports program set =? 9 any ,act or 9 title #di1 ,unit$ ,/ates ,code4 7#c7 ,di/ribution ( funds ,funds provid$ to ! ,secret>y "u ?is subsection %all n be subject to apportionm5t =mulas1 special apportionm5t categories1 or m9imum p]c5tages "u *apt] #dga ( su* title4 7#d7 ,availability ,! am\nts made available "u ?is subsection %all be available = obligation until ! date t is two ye>s aft] ! date ( ! enactm5t ( ?is ,act4 ,! ,secret>y %all obligate am\nts total+ n less ?an #ej p]c5t ( ! funds made available )9 "o ye> ( enactm5t & obligate rema9+ am\nts n lat] ?an two ye>s aft] enactm5t4 7#e7 ,adm9i/rative exp5ses ,( ! funds made available "u ?is subsection1 #j4c p]c5t %all be available to ! ,secret>y = adm9i/rative exp5ses1 %all rema9 available = obligation until ,septemb] #cj1 #bjae1 & may be us$ 9 conjunction ) funds o!rwise provid$ = ! adm9i/ration ( ! ,grants-,9-,aid = ,airports program4 7b7 ,next g5]ation air traffic control advancem5ts 7#a7 ,9 g5]al ,!re is made available to ! ,secret>y ( ,transportation #a1jjj1jjj1jjj = necess>y ,f$]al ,aviation ,adm9i/ration capital1 rese>*1 & op]at+ co/s to c>ry out ,next ,g5]ation air traffic control sy/em advancem5ts4 7#b7 ,availability ,! am\nts made available "u ?is subsection %all be available = obligation until ! date t is two ye>s aft] ! date ( ! enactm5t ( ?is ,act4 7c7 ,highway infra/ructure inve/m5t 7#a7 ,9 g5]al ,!re is made available to ! ,secret>y ( ,transportation #bg1jjj1jjj1jjj = re/oration1 repair1 con/ruction & o!r activities eligible "u section #acc7;b7 ( title #bc1 ,unit$ ,/ates ,code1 & = pass5g] & freight rail transportation & port infra/ructure projects eligible = assi/ance "u section #fja7;a77#h7 ( title #bc4 7#b7 ,f$]al %>e2 limitation on obligations ,! ,f$]al %>e payable on acc\nt ( any project or activity c>ri$ out ) funds made available "u ?is subsection %all be1 at ! option ( ! recipi5t1 up to #ajj p]c5t ( ! total co/ !re(4 ,! am\nt made available "u ?is subsection %all n be subject to any limitation on obligations = ,f$]al-aid highways & highway safety con/ruction programs set =? 9 any ,act or 9 title #bc1 ,unit$ ,/ates ,code4 7#c7 ,availability ,! am\nts made available "u ?is subsection %all be available = obligation until ! date t is two ye>s aft] ! date ( ! enactm5t ( ?is ,act4 ,! ,secret>y %all obligate am\nts total+ n less ?an #ej p]c5t ( ! funds made available )9 "o ye> ( enactm5t & obligate rema9+ am\nts n lat] ?an two ye>s aft] enactm5t4 7#d7 ,di/ribution ( funds ,( ! funds provid$ 9 ?is subsection1 aft] mak+ ! set-asides requir$ by p>agraphs 7#i71 7#aj71 7#aa71 7#ab71 & 7#ae71 #ej p]c5t ( ! funds %all be apportion$ to ,/ates us+ ! =mula set =? 9 section #ajd7;b77#c7 ( title #bc1 ,unit$ ,/ates ,code1 & ! rema9+ funds %all be apportion$ to ,/ates 9 ! same ratio z ! obligation limitation = fiscal ye> #bjaj 0 di/ribut$ among ! ,/ates 9 accordance ) ! =mula specifi$ 9 section #abj7;a77#f7 ( division ,a ( ,public ,law #aaa-aag4 7#e7 ,apportionm5t ,apportionm5ts "u p>agraph 7#d7 %all be made n lat] ?an #cj days aft] ! date ( ! enactm5t ( ?is ,act4 7#f7 ,r$i/ribution 7,a7 ,! ,secret>y %all1 #ahj days foll[+ ! date ( apportionm5t1 )draw f ea* ,/ate an am\nt equal to #ej p]c5t ( ! funds apportion$ "u p>agraph 7#d7 to t ,/ate 7exclud+ funds suballocat$ )9 ! ,/ate7 less ! am\nt ( fund+ obligat$ 7exclud+ funds suballocat$ )9 ! ,/ate71 & ! ,secret>y %all r$i/ribute su* am\nts to o!r ,/ates t h _h no funds )drawn "u ?is subp>agraph 9 ! mann] describ$ 9 section #abj7;c7 ( division ,a ( ,public ,law #aaa-aag4 7,b7 ,"o ye> foll[+ ! date ( apportionm5t1 ! ,secret>y %all )draw f ea* recipi5t ( funds apportion$ "u p>agraph 7#d7 any unobligat$ funds1 & ! ,secret>y %all r$i/ribute su* am\nts to ,/ates t h _h no funds )drawn "u ?is p>agraph 7exclud+ funds suballocat$ )9 ! ,/ate7 9 ! mann] describ$ 9 section #abj7;c7 ( division ,a ( ,public ,law #aaa-aag4 7,c7 ,at ! reque/ ( a ,/ate1 ! ,secret>y may provide an ext5sion ( ! "o-ye> p]iod only to ! ext5t t ! ,secret>y det]m9es t ! ,/ate has enc\nt]$ extreme conditions t create an unworkable bidd+ environm5t or o!r ext5uat+ circum/ances4 ,be=e grant+ an ext5sion1 ! ,secret>y notify 9 writ+ ! ,committee on ,transportation & ,infra/ructure & ! ,committee on ,environm5t & ,public ,works1 provid+ a ?or\gh ju/ification = ! ext5sion4 7#g7 ,transportation enhancem5ts ,?ree p]c5t ( ! funds apportion$ to a ,/ate "u p>agraph 7#d7 %all be set aside = ! purposes describ$ 9 section #acc7;d77#b7 ( title #bc1 ,unit$ ,/ates ,code 7)\t reg>d to ! comp>ison to fiscal ye> #bjje74 7#h7 ,suballocation ,?irty p]c5t ( ! funds apportion$ to a ,/ate "u ?is subsection %all be suballocat$ )9 ! ,/ate 9 ! mann] & = ! purposes describ$ 9 ! fir/ s5t5ce ( sections #acc7;d77#c77;,a71 #acc7;d77#c77;,b71 & #acc7;d77#c77;,d7 ( title #bc1 ,unit$ ,/ates ,code4 ,su* suballocation %all be conduct$ 9 e ,/ate4 ,funds suballocat$ )9 a ,/ate to urbaniz$ areas & o!r areas %all n be subject to ! r$i/ribution ( am\nts requir$ #ahj days foll[+ ! date ( apportionm5t ( funds provid$ by p>agraph 7#f77;,a74 7#i7 ,pu]to ,rico & t]ritorial highway programs ,( ! funds provid$ "u ?is subsection1 #aje1jjj1jjj %all be set aside = ! ,pu]to ,rico highway program au?oriz$ "u section #afe ( title #bc1 ,unit$ ,/ates ,code1 & #de1jjj1jjj %all be = ! t]ritorial highway program au?oriz$ "u section #bae ( title #bc1 ,unit$ ,/ates ,code4 7#aj7 ,f$]al l&s & ,indian res]vations ,( ! funds provid$ "u ?is subsection1 #eej1jjj1jjj %all be set aside = inve/m5ts 9 transportation at ,indian res]vations & ,f$]al l&s 9 accordance ) ! foll[+34 7,a7 ,( ! funds set aside by ?is p>agraph1 #caj1jjj1jjj %all be = ! ,indian ,res]vation ,roads program1 #agj1jjj1jjj %all be = ! ,p>k ,roads & ,p>kways program1 #fj1jjj1jjj %all be = ! ,=e/ ,highway ,program1 & #aj1jjj1jjj %all be = ! ,refuge ,roads program4 7,b7 ,= inve/m5ts at ,indian res]vations & ,f$]al l&s1 priority %all be giv5 to capital inve/m5ts1 & to projects & activities t c be complet$ )9 #b ye>s ( enactm5t ( ?is ,act4 7,c7 ,"o ye> foll[+ ! enactm5t ( ?is ,act1 to ensure ! prompt use ( ! fund+ provid$ = inve/m5ts at ,indian res]vations & ,f$]al l&s1 ! ,secret>y %all h ! au?ority to r$i/ribute unobligat$ funds )9 ! respective program = :i* ! funds 7 appropriat$4 7,d7 ,up to f\r p]c5t ( ! fund+ provid$ = ,indian ,res]vation ,roads may be us$ by ! ,secret>y ( ! ,int]ior = program managem5t & ov]sight & project-relat$ adm9i/rative exp5ses4 7,e7 ,section #acd7;f77#c77;,c77ii77,,ii7 ( title #bc1 ,unit$ ,/ates ,code1 %all n apply to funds set aside by ?is p>agraph4 7#aa7 ,job tra9+ ,( ! funds provid$ "u ?is subsection1 #ej1jjj1jjj %all be set aside = ! developm5t & adm9i/ration ( transportation tra9+ programs "u section #adj7;b7 title #bc1 ,unit$ ,/ates ,code4 7,a7 ,funds set aside "u ?is subsection %all be competitively aw>d$ & us$ = ! purpose ( provid+ tra9+1 appr5tice%ip 7includ+ ,regi/]$ ,appr5tice%ip71 skill developm5t1 & skill improvem5t programs1 z well z summ] transportation in/itutes & may be transf]r$ to1 or adm9i/]$ 9 p>tn]%ip )1 ! ,secret>y ( ,labor & %all demon/rate to ! ,secret>y ( ,transportation program outcomes1 includ+-- 7i7 impact on areas ) transportation work=ce %ortages2 7ii7 div]sity ( tra9+ p>ticipants2 7iii7 numb] ( p>ticipants obta9+ c]tifications or cr$5tials requir$ = specific types ( employm5t2 7iv7 employm5t outcome metrics1 su* z job placem5t & job ret5tion rates1 e/abli%$ 9 consultation ) ! ,secret>y ( ,labor & consi/5t ) metrics us$ by programs "u ! ,work=ce ,inve/m5t ,act2 7v7 to ! ext5t practical1 evid5ce t ! program did n preclude work]s t p>ticipate 9 tra9+ or appr5tice%ip activities "u ! program f be+ ref]r$ to1 or hir$ on1 projects fund$ "u ?is *apt]2 & 7vi7 id5tification ( areas ( collaboration ) ! ,dep>tm5t ( ,labor programs1 includ+ co-enrollm5t4 7,b7 ,to be eligible to receive a competitively aw>d$ grant "u ?is subsection1 a ,/ate mu/ c]tify t at lea/ #j4a p]c5t ( ! am\nts apportion$ "u ! ,surface ,transportation ,program & ,bridge ,program w be obligat$ 9 ! fir/ fiscal ye> aft] enactm5t ( ?is act = job tra9+ activities consi/5t ) section #adj7;b7 ( title #bc1 ,unit$ ,/ates ,code4 7#ab7 ,disadvantag$ bus9ess ent]prises ,( ! funds provid$ "u ?is subsection1 #aj1jjj1jjj %all be set aside = tra9+ programs & assi/ance programs "u section #adj7;c7 ( title #bc1 ,unit$ ,/ates ,code4 ,funds set aside "u ?is p>agraph %\ld be allocat$ to bus9esses t h prov5 success 9 add+ /aff :ile effectively complet+ projects4 7#ac7 ,/ate plann+ & ov]sight exp5ses ,( am\nts apportion$ "u p>agraph 7#d7 ( ?is subsection1 a ,/ate may use up to #j4e p]c5t = activities relat$ to projects fund$ "u ?is subsection1 includ+ activities eligible "u sections #acd & #ace ( title #bc1 ,unit$ ,/ates ,code1 ,/ate adm9i/ration ( subgrants1 & ,/ate ov]sight ( subrecipi5ts4 7#ad7 ,conditions 7,a7 ,funds made available "u ?is subsection %all be adm9i/]$ z if apportion$ "u *apt] #a ( title #bc1 ,unit$ ,/ates ,code1 except = funds made available = inve/m5ts 9 transportation at ,indian res]vations & ,f$]al l&s1 & = ! t]ritorial highway program1 :i* %all be adm9i/]$ 9 accordance ) *apt] #b ( title #bc1 ,unit$ ,/ates ,code1 & except = funds made available = disadvantag$ bus9ess ent]prises bond+ assi/ance1 :i* %all be adm9i/]$ 9 accordance ) *apt] #c ( title #di1 ,unit$ ,/ates ,code4 7,b7 ,funds made available "u ?is subsection %all n be obligat$ = ! purposes au?oriz$ "u section #aae7;b7 ( title #bc1 ,unit$ ,/ates ,code4 7,c7 ,fund+ provid$ "u ?is subsection %all be 9 addition to any & all funds provid$ = fiscal ye>s #bjaa & #bjab 9 any o!r ,act = ,f$]al-aid ,highways & %all n affect ! di/ribution ( funds provid$ = ,f$]al-aid ,highways 9 any o!r ,act4 7,d7 ,section #aaja7;b7 ( ,public ,law #aji-ei %all apply to funds apportion$ "u ?is subsection4 7#ae7 ,ov]sight ,! ,adm9i/rator ( ! ,f$]al ,highway ,adm9i/ration may set aside up to #j4ae p]c5t ( ! funds provid$ "u ?is subsection to fund ! ov]sight by ! ,adm9i/rator ( projects & activities c>ri$ out ) funds made available to ! ,f$]al ,highway ,adm9i/ration 9 ?is ,act1 & su* funds %all be available ?r\gh ,septemb] #cj1 #bjae4 7d7 ,capital assi/ance = high-,spe$ rail corridors & int]city pass5g] rail s]vice 7#a7 ,9 g5]al ,!re is made available to ! ,secret>y ( ,transportation #d1jjj1jjj1jjj = grants = high-spe$ rail projects z au?oriz$ "u sections #bfajd & #bfajf ( title #di1 ,unit$ ,/ates ,code1 capital inve/m5t grants to support int]city pass5g] rail s]vice z au?oriz$ "u section #bddjf ( title #di1 ,unit$ ,/ates ,code1 & conge/ion grants z au?oriz$ "u section #bdaje ( title #di1 ,unit$ ,/ates ,code1 & to ent] into coop]ative agreem5ts = ^! purposes z au?oriz$1 except t ! ,adm9i/rator ( ! ,f$]al ,railroad ,adm9i/ration may reta9 up to "o p]c5t ( ! funds provid$ "u ?is head+ to fund ! aw>d & ov]sight by ! ,adm9i/rator ( grants made "u ?is subsection1 :i* reta9$ am\nt %all rema9 available = obligation until ,septemb] #cj1 #bjae4 7#b7 ,availability ,! am\nts made available "u ?is subsection %all be available = obligation until ! date t is two ye>s aft] ! date ( ! enactm5t ( ?is ,act4 ,! ,secret>y %all obligate am\nts total+ n less ?an #ej p]c5t ( ! funds made available )9 "o ye> ( enactm5t & obligate rema9+ am\nts n lat] ?an two ye>s aft] enactm5t4 7#c7 ,f$]al %>e ,! ,f$]al %>e payable ( ! co/s = :i* a grant or coop]ative agreem5ts is made "u ?is subsection %all be1 at ! option ( ! recipi5t1 up to #ajj p]c5t4 7#d7 ,int]im guidance ,! ,secret>y %all issue int]im guidance to applicants cov]+ application proc$ures & adm9i/] ! grants provid$ "u ?is subsection pursuant to t guidance until f9al regulations are issu$4 7#e7 ,int]city pass5g] rail corridors ,n less ?an #he p]c5t ( ! funds provid$ "u ?is subsection %all be = coop]ative agreem5ts t lead to ! developm5t ( entire segm5ts or phases ( int]city or high-spe$ rail corridors4 7#f7 ,conditions 7,a7 ,9 addition to ! provisions ( title #di1 ,unit$ ,/ates ,code1 t apply to ea* ( ! individual programs fund$ "u ?is subsection1 subsections #bddjb7;a77#b71 #bddjb7;i71 & #bddjc7;a7 & 7c7 ( title #di1 ,unit$ ,/ates ,code1 %all also apply to ! provision ( funds provid$ "u ?is subsection4 7,b7 ,a project ne$ n be 9 a ,/ate rail plan develop$ "u ,*apt] #bbg ( title #di1 ,unit$ ,/ates ,code1 to be eligible = assi/ance "u ?is subsection4 7,c7 ,recipi5ts ( grants "u ?is p>agraph %all conduct all procurem5t transactions us+ su* grant funds 9 a mann] t provides full & op5 competition1 z det]m9$ by ! ,secret>y1 9 compliance ) exi/+ labor agreem5ts4 7e7 ,capital grants to ! national railroad pass5g] corporation 7#a7 ,9 g5]al ,!re is made available #b1jjj1jjj1jjj to enable ! ,secret>y ( ,transportation to make capital grants to ! ,national ,railroad ,pass5g] ,corporation 7,amtrak71 z au?oriz$ by section #aja7;c7 ( ! ,pass5g] ,rail ,inve/m5t & ,improvem5t ,act ( #bjjh 7,public ,law #aaj-dcb74 7#b7 ,availability ,! am\nts made available "u ?is subsection %all be available = obligation until ! date t is two ye>s aft] ! date ( ! enactm5t ( ?is ,act4 ,! ,secret>y %all obligate am\nts total+ n less ?an #ej p]c5t ( ! funds made available )9 "o ye> ( enactm5t & obligate rema9+ am\nts n lat] ?an two ye>s aft] enactm5t4 7#c7 ,project priority ,! priority = ! use ( funds %all be giv5 to projects = ! repair1 rehabilitation1 or upgrade ( railroad assets or infra/ructure1 & = capital projects t exp& pass5g] rail capacity includ+ ! rehabilitation ( roll+ /ock4 7#d7 ,conditions 7,a7 ,none ( ! funds "u ?is subsection %all be us$ to subsidize ! op]at+ losses ( ,amtrak4 7,b7 ,! funds provid$ "u ?is subsection %all be aw>d$ n lat] ?an #ij days aft] ! date ( enactm5t ( ?is ,act4 7,c7 ,! ,secret>y %all take measures to ensure t projects fund$ "u ?is subsection %all be complet$ )9 #b ye>s ( enactm5t ( ?is ,act1 & %all s]ve to supplem5t & n supplant plann$ exp5ditures = su* activities f o!r ,f$]al1 ,/ate1 local & corporate s\rces4 ,! ,secret>y %all c]tify to ! ,h\se & ,s5ate ,committees on ,appropriations 9 writ+ compliance ) ! prec$+ s5t5ce4 7#e7 ,ov]sight ,! ,adm9i/rator ( ! ,f$]al ,railroad ,adm9i/ration may set aside #j4e p]c5t ( ! funds provid$ "u ?is subsection to fund ! ov]sight by ! ,adm9i/rator ( projects & activities c>ri$ out ) funds made available 9 ?is subsection1 & su* funds %all be available ?r\gh ,septemb] #cj1 #bjae4 7f7 ,transit capital assi/ance 7#a7 ,9 g5]al ,!re is made available to ! ,secret>y ( ,transportation #c1jjj1jjj1jjj = grants = transit capital assi/ance grants z def9$ by section #ecjb7;a77#a7 ( title #di1 ,unit$ ,/ates ,code4 ,not)/&+ any provision ( *apt] #ec ( title #di1 h[ev]1 a recipi5t ( fund+ "u ?is subsection may use up to #aj p]c5t ( ! am\nt provid$ = ! op]at+ co/s ( equipm5t & facilities = use 9 public transportation or = o!r eligible activities4 7#b7 ,f$]al %>e2 limitation on obligations ,! applicable requirem5ts ( *apt] #ec ( title #di1 ,unit$ ,/ates ,code1 %all apply to fund+ provid$ "u ?is subsection1 except t ! ,f$]al %>e ( ! co/s = :i* any grant is made "u ?is subsection %all be1 at ! option ( ! recipi5t1 up to #ajj p]c5t4 ,! am\nt made available "u ?is subsection %all n be subject to any limitation on obligations = transit programs set =? 9 any ,act or *apt] #ec ( title #di4 7#c7 ,availability ,! am\nts made available "u ?is subsection %all be available = obligation until ! date t is two ye>s aft] ! date ( ! enactm5t ( ?is ,act4 ,! ,secret>y %all obligate am\nts total+ n less ?an #ej p]c5t ( ! funds made available )9 "o ye> ( enactm5t & obligate rema9+ am\nts n lat] ?an two ye>s aft] enactm5t4 7#d7 ,di/ribution ( funds ,! ,secret>y ( ,transportation %all-- 7,a7 provide #hj p]c5t ( ! funds appropriat$ "u ?is subsection = grants "u section #ecjg ( title #di1 ,unit$ ,/ates ,code1 & apportion su* funds 9 accordance ) section #eccf ( su* title2 7,b7 provide #aj p]c5t ( ! funds appropriat$ "u ?is subsection 9 accordance ) section #ecdj ( su* title2 & 7,c7 provide #aj p]c5t ( ! funds appropriat$ "u ?is subsection = grants "u section #ecaa ( title #di1 ,unit$ ,/ates ,code1 & apportion su* funds 9 accordance ) su* section4 7#e7 ,apportionm5t ,! funds apportion$ "u ?is subsection %all be apportion$ n lat] ?an #ba days aft] ! date ( ! enactm5t ( ?is ,act4 7#f7 ,r$i/ribution 7,a7 ,! ,secret>y %all1 #ahj days foll[+ ! date ( apportionm5t1 )draw f ea* urbaniz$ area or ,/ate an am\nt equal to #ej p]c5t ( ! funds apportion$ to su* urbaniz$ areas or ,/ates less ! am\nt ( fund+ obligat$1 & ! ,secret>y %all r$i/ribute su* am\nts to o!r urbaniz$ areas or ,/ates t h _h no funds )drawn "u ?is proviso utiliz+ :atev] me?od he deems appropriate to ensure t all funds r$i/ribut$ "u ?is proviso %all be utiliz$ promptly4 7,b7 ,"o ye> foll[+ ! date ( apportionm5t1 ! ,secret>y %all )draw f ea* urbaniz$ area or ,/ate any unobligat$ funds1 & ! ,secret>y %all r$i/ribute su* am\nts to o!r urbaniz$ areas or ,/ates t h _h no funds )drawn "u ?is proviso utiliz+ :atev] me?od ! ,secret>y deems appropriate to ensure t all funds r$i/ribut$ "u ?is proviso %all be utiliz$ promptly4 7,c7 ,at ! reque/ ( an urbaniz$ area or ,/ate1 ! ,secret>y ( ,transportation may provide an ext5sion ( su* #a-ye> p]iod if ! ,secret>y det]m9es t ! urbaniz$ area or ,/ate has enc\nt]$ an unworkable bidd+ environm5t or o!r ext5uat+ circum/ances4 ,be=e grant+ an ext5sion1 ! ,secret>y %all notify 9 writ+ ! ,committee on ,transportation & ,infra/ructure & ! ,committee on ,bank+1 ,h\s+ & ,urban ,affairs1 provid+ a ?or\gh ju/ification = ! ext5sion4 7#g7 ,conditions 7,a7 ,( ! funds provid$ = section #ecaa ( title #di1 ,unit$ ,/ates ,code1 #b4e p]c5t %all be made available = section #ecaa7;c77#a74 7,b7 ,section #aaja7;b7 ( ,public ,law #aji-ei %all apply to funds appropriat$ "u ?is subsection4 7,c7 ,! funds appropriat$ "u ?is subsection %all n be com+l$ ) any prior ye> funds4 7#h7 ,ov]sight ,not)/&+ any o!r provision ( law1 #j4c p]c5t ( ! funds provid$ = grants "u section #ecjg & section #ecdj1 & #j4c p]c5t ( ! funds provid$ = grants "u section #ecaa1 %all be available = adm9i/rative exp5ses & program managem5t ov]sight1 & su* funds %all be available ?r\gh ,septemb] #cj1 #bjae4 7g7 ,/ate ( good repair 7#a7 ,9 g5]al ,!re is made available to ! ,secret>y ( ,transportation #f1jjj1jjj1jjj = capital exp5ditures z au?oriz$ by sections #ecji7;b77#b7 & 7#c7 ( title #di1 ,unit$ ,/ates ,code4 7#b7 ,f$]al %>e ,! applicable requirem5ts ( *apt] #ec ( title #di1 ,unit$ ,/ates ,code1 %all apply1 except t ! ,f$]al %>e ( ! co/s = :i* a grant is made "u ?is subsection %all be1 at ! option ( ! recipi5t1 up to #ajj p]c5t4 7#c7 ,availability ,! am\nts made available "u ?is subsection %all be available = obligation until ! date t is two ye>s aft] ! date ( ! enactm5t ( ?is ,act4 ,! ,secret>y %all obligate am\nts total+ n less ?an #ej p]c5t ( ! funds made available )9 "o ye> ( enactm5t & obligate rema9+ am\nts n lat] ?an two ye>s aft] enactm5t4 7#d7 ,di/ribution ( funds 7,a7 ,! ,secret>y ( ,transportation %all apportion n less ?an #ge p]c5t ( ! funds "u ?is subsection = ! mod]nization ( fix$ guideway sy/ems1 pursuant to ! =mula set =? 9 section #eccf7;b7 title #di1 ,unit$ ,/ates ,code1 o!r ?an subsection 7b77#b77;,a77ii74 7,b7 ,( ! funds appropriat$ "u ?is subsection1 n less ?an #be p]c5t %all be available = ! re/oration or replacem5t ( exi/+ public transportation assets relat$ to bus sy/ems1 pursuant to ! =mula set =? 9 section #eccf o!r ?an subsection 7b74 7#e7 ,apportionm5t ,! funds made available "u ?is subsection %all be apportion$ n lat] ?an #cj days aft] ! date ( ! enactm5t ( ?is ,act4 7#f7 ,r$i/ribution 7,a7 ,! ,secret>y %all1 #ahj days foll[+ ! date ( apportionm5t1 )draw f ea* urbaniz$ area an am\nt equal to #ej p]c5t ( ! funds apportion$ to su* urbaniz$ area less ! am\nt ( fund+ obligat$1 & ! ,secret>y %all r$i/ribute su* am\nts to o!r urbaniz$ areas t h _h no funds )drawn "u ?is p>agraph utiliz+ :atev] me?od ! ,secret>y deems appropriate to ensure t all funds r$i/ribut$ "u ?is p>agraph %all be utiliz$ promptly4 7,b7 ,"o ye> foll[+ ! date ( apportionm5t1 ! ,secret>y %all )draw f ea* urbaniz$ area any unobligat$ funds1 & ! ,secret>y %all r$i/ribute su* am\nts to o!r urbaniz$ areas t h _h no funds )drawn "u ?is p>agraph1 utiliz+ :atev] me?od ! ,secret>y deems appropriate to ensure t all funds r$i/ribut$ "u ?is p>agraph %all be utiliz$ promptly4 7,c7 ,at ! reque/ ( an urbaniz$ area1 ! ,secret>y may provide an ext5sion ( ! #a-ye> p]iod if ! ,secret>y f9ds t ! urbaniz$ area has enc\nt]$ an unworkable bidd+ environm5t or o!r ext5uat+ circum/ances4 ,be=e grant+ an ext5sion1 ! ,secret>y %all notify ! ,committee on ,transportation & ,infra/ructure & ! ,committee on ,bank+1 ,h\s+1 & ,urban ,affairs1 provid+ a ?or\gh ju/ification = ! ext5sion4 7#g7 ,conditions 7,a7 ,! provisions ( section #aaja7;b7 ( ,public ,law #aji-ei %all apply to funds made available "u ?is subsection4 7,b7 ,! funds appropriat$ "u ?is subsection %all n be comm+l$ ) any prior ye> funds4 7#h7 ,ov]sight ,not)/&+ any o!r provision ( law1 #j4c p]c5t ( ! funds "u ?is subsection %all be available = adm9i/rative exp5ses & program managem5t ov]sight & %all rema9 available = obligation until ,septemb] #cj1 #bjae4 7h7 ,transportation infra/ructure grants & f9anc+ 7#a7 ,9 g5]al ,!re is made available to ! ,secret>y ( ,transportation #e1jjj1jjj1jjj = capital inve/m5ts 9 surface transportation infra/ructure4 ,! ,secret>y %all di/ribute funds provid$ "u ?is subsection z discretion>y grants to be aw>d$ to ,/ate & local gov]nm5ts or transit ag5cies on a competitive basis = projects t w h a significant impact on ! ,nation1 a metropolitan area1 or a region4 7#b7 ,f$]al %>e2 limitation on obligations ,! ,f$]al %>e payable ( ! co/s = :i* a grant is made "u ?is subsection1 %all be #ajj p]c5t4 7#c7 ,availability ,! am\nts made available "u ?is subsection %all be available = obligation until ! date t is two ye>s aft] ! date ( ! enactm5t ( ?is ,act4 ,! ,secret>y %all obligate am\nts total+ n less ?an #ej p]c5t ( ! funds made available )9 "o ye> ( enactm5t & obligate rema9+ am\nts n lat] ?an two ye>s aft] enactm5t4 7#d7 ,project eligibility ,projects eligible = fund+ provid$ "u ?is subsection include-- 7,a7 highway or bridge projects eligible "u title #bc1 ,unit$ ,/ates ,code1 includ+ int]/ate rehabilitation1 improvem5ts to ! rural collector road sy/em1 ! recon/ruction ( ov]passes & int]*anges1 bridge replacem5ts1 seismic retr(it projects = bridges1 & road realignm5ts2 7,b7 public transportation projects eligible "u *apt] #ec ( title #di1 ,unit$ ,/ates ,code1 includ+ inve/m5ts 9 projects p>ticipat+ 9 ! ,new ,/>ts or ,small ,/>ts programs t w exp$ite ! completion ( ^? projects & _! entry into rev5ue s]vice2 7,c7 pass5g] & freight rail transportation projects2 & 7,d7 port infra/ructure inve/m5ts1 includ+ projects t connect ports to o!r modes ( transportation & improve ! effici5cy ( freight movem5t4 7#e7 ,,tifia program ,! ,secret>y may transf] to ! ,f$]al ,highway ,adm9i/ration funds made available "u ?is subsection = ! purpose ( pay+ ! subsidy & adm9i/rative co/s ( projects eligible = ,f$]al cr$it assi/ance "u *apt] #f ( title #bc1 ,unit$ ,/ates ,code1 if ! ,secret>y f9ds t su* use ( ! funds w\ld advance ! purposes ( ?is subsection4 7#f7 ,project priority ,! ,secret>y %all give priority to projects t are expect$ to be complet$ )9 #c ye>s ( ! date ( ! enactm5t ( ?is ,act4 7#g7 ,deadl9e = issuance ( competition crit]ia ,! ,secret>y %all publi% crit]ia on :i* to base ! competition = any grants aw>d$ "u ?is subsection n lat] ?an #ij days aft] enactm5t ( ?is ,act4 ,! ,secret>y %all require applications = fund+ provid$ "u ?is subsection to be submitt$ n lat] ?an #ahj days aft] ! publication ( ! crit]ia1 & ann\nce all projects select$ to be fund$ f su* funds n lat] ?an #a ye> aft] ! date ( ! enactm5t ( ! ,act4 7#h7 ,applicability ( title #dj ,ea* project conduct$ us+ funds provid$ "u ?is subsection %all comply ) ! requirem5ts ( sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7#i7 ,adm9i/rative exp5ses ,! ,secret>y may reta9 up to "o half ( "o p]c5t ( ! funds provid$ "u ?is subsection1 & may transf] portions ( ^? funds to ! ,adm9i/rators ( ! ,f$]al ,highway ,adm9i/ration1 ! ,f$]al ,transit ,adm9i/ration1 ! ,f$]al ,railroad ,adm9i/ration & ! ,m>itime ,adm9i/ration1 to fund ! aw>d & ov]sight ( grants made "u ?is subsection4 ,funds reta9$ %all rema9 available = obligation until ,septemb] #cj1 #bjae4 7i7 ,local hir+ 7#a7 ,9 g5]al ,9 ! case ( ! fund+ made available "u subsections 7a7 ?r\gh 7h7 ( ?is section1 ! ,secret>y ( ,transportation may e/abli% /&>ds "u :i* a contract = con/ruction may be adv]tis$ t conta9s requirem5ts = ! employm5t ( individuals resid+ 9 or adjac5t to any ( ! areas 9 :i* ! "w is to be p]=m$ to p]=m con/ruction "w requir$ "u ! contract1 provid$ t-- 7,a7 all or "p ( ! con/ruction "w p]=m$ "u ! contract occurs 9 an area designat$ by ! ,secret>y z an area ( high unemploym5t1 us+ data report$ by ! ,unit$ ,/ates ,dep>tm5t ( ,labor1 ,bureau ( ,labor ,/ati/ics2 7,b7 ! e/imat$ co/ ( ! project ( :i* ! contract is a "p is great] ?an #aj million1 except t ! e/imat$ co/ ( ! project 9 ! case ( con/ruction fund$ "u subsection 7c7 %all be great] ?an #ej million2 & 7,c7 ! recipi5t may n require ! hir+ ( individuals :o d n h ! necess>y skills to p]=m "w 9 any craft or trade2 provid$ t ! recipi5t may require ! hir+ ( su* individuals if ! recipi5t e/abli%es reasonable provisions to tra9 su* individuals to p]=m any su* "w "u ! contract effectively4 7#b7 ,project /&>ds 7,a7 ,9 g5]al ,any /&>ds e/abli%$ by ! ,secret>y "u ?is section %all ensure t any requirem5ts specifi$ "u subsection 7c77#a7-- 7i7 d n compromise ! quality ( ! project2 7ii7 are reasonable 9 scope & application2 7iii7 d n unreasonably delay ! completion ( ! project2 & 7iv7 d n unreasonably increase ! co/ ( ! project4 7,b7 ,available programs ,! ,secret>y %all make available to recipi5ts ! work=ce developm5t & tra9+ programs set =? 9 section #bdfjd7;e77#a77;,d7 ( ?is title to assi/ recipi5ts :o wi% to e/abli% tra9+ programs t satisfy ! provisions ( section 7c77#a77;,c74 ,! ,secret>y ( ,labor %all make available its qualify+ work=ce & tra9+ developm5t programs to recipi5ts :o wi% to e/abli% tra9+ programs t satisfy ! provisions ( section 7c77#a77;,c74 7#c7 ,implem5t+ regulations ,! ,secret>y %all promulgate f9al regulations to implem5t ! au?ority ( ?is subsection4 7j7 ,adm9i/rative provisions 7#a7 ,applicability ( title #dj ,ea* project conduct$ us+ funds provid$ "u ?is subtitle %all comply ) ! requirem5ts ( sub*apt] ,,iv ( *apt] #ca ( title #dj1 ,unit$ ,/ates ,code4 7#b7 ,buy ,am]ican ,section #afje ( division ,a ( ! ,am]ican ,recov]y & ,re9ve/m5t ,act ( #bjji 7,public ,law #aaa-e7 applies to ea* project conduct$ us+ funds provid$ "u ?is subtitle4 ,e ,build+ & upgrad+ infra/ructure = long-,t]m developm5t #bdb4 ,%ort title ,?is subtitle may be cit$ z ! ,build+ & ,upgrad+ ,infra/ructure = ,long-,t]m ,developm5t ,act4 #bdc4 ,f9d+s & purpose 7a7 ,f9d+s ,congress f9ds t-- 7#a7 infra/ructure has always be5 a vital elem5t ( ! economic /r5g? ( ! ,unit$ ,/ates & a key indicator ( ! int]national lead]%ip ( ! ,unit$ ,/ates2 7#b7 ! ,erie ,canal1 ! ,hoov] ,dam1 ! railroads1 & ! int]/ate highway sy/em are all te/am5ts to ,am]ican +5uity & h help$ propel & ma9ta9 ! ,unit$ ,/ates z ! _w's l>ge/ economy2 7#c7 accord+ to ! ,_w ,economic ,=um's ,global ,competitiv5ess ,report1 ! ,unit$ ,/ates fell to second place 9 #bjji1 & dropp$ to f\r? place ov]all 9 #bjaj1 h[ev]1 9 ! ,quality ( ov]all infra/ructure category ( ! same report1 ! ,unit$ ,/ates rank$ tw5ty-?ird 9 ! _w2 7#d7 accord+ to ! ,_w ,bank's #bjaj ,logi/ic ,p]=mance ,index1 ! capacity ( c\ntries to effici5tly move goods & connect manufactur]s & consum]s ) int]national m>kets is improv+ ar\nd ! _w1 & ! ,unit$ ,/ates n[ ranks sev5? 9 ! _w 9 logi/ics-relat$ infra/ructure beh9d c\ntries f bo? ,europe & ,asia2 7#e7 accord+ to a ,janu>y #bjji report f ! ,univ]sity ( ,massa*usetts_/,alliance = ,am]ican ,manufactur+ entitl$ ,employm5t1 ,productivity & ,gr[?1 infra/ructure inve/m5t is a highly effective eng9e ( job creation2 7#f7 accord+ to ! ,am]ican ,society ( ,civil ,eng9e]s1 ! curr5t condition ( ! infra/ructure 9 ! ,unit$ ,/ates e>ns a grade po9t av]age ( ,d1 & an e/imat$ #b1bjj1jjj1jjj1jjj inve/m5t is ne$$ ov] ! next #e ye>s to br+ ,am]ican infra/ructure up to adequate condition2 7#g7 accord+ to ! ,national ,surface ,transportation ,policy & ,rev5ue ,/udy ,commission1 #bbe1jjj1jjj1jjj is ne$$ annually f all s\rces = ! next #ej ye>s to upgrade ! ,unit$ ,/ates surface transportation sy/em to a /ate ( good repair & create a m advanc$ sy/em2 7#h7 ! curr5t infra/ructure f9anc+ me*anisms ( ! ,unit$ ,/ates1 bo? on ! ,f$]al & ,/ate level1 w fail to meet curr5t & =eseeable dem&s & w create l>ge fund+ gaps2 7#i7 publi%$ reports /ate t !re may n be en\gh dem& = municipal bonds to ma9ta9 ! same level ( borr[+ at ! same rates1 result+ 9 significantly decreas$ infra/ructure inve/m5t at ! ,/ate & local level2 7#aj7 curr5t fund+ me*anisms are n readily scalable & d n-- 7,a7 s]ve l>ge 9-,/ate or cross jurisdiction infra/ructure projects1 projects ( regional or national significance1 or projects t cross sector silos2 7,b7 suffici5tly catalyze private sector inve/m5t2 or 7,c7 ensure ! optimal return on public res\rces2 7#aa7 al?\gh grant programs ( ! ,unit$ ,/ates ,gov]nm5t mu/ cont9ue to play a c5tral role 9 f9anc+ ! transportation1 environm5t1 & en]gy infra/ructure ne$s ( ! ,unit$ ,/ates1 curr5t & =eseeable dem&s on exi/+ ,f$]al1 ,/ate1 & local fund+ = infra/ructure expansion cle>ly exce$ ! res\rces to support ^! programs by m>g9s wide en\gh to prompt s]i\s conc]ns ab\t ! ,unit$ ,/ates ability to su/a9 long-t]m economic developm5t1 productivity1 & int]national competitiv5ess2 7#ab7 ! capital m>kets1 includ+ p5sion funds1 private equity funds1 mutual funds1 sov]eign weal? funds1 & o!r inve/ors1 h a gr[+ int]e/ 9 infra/ructure inve/m5t & repres5t hundr$s ( billions ( doll>s ( pot5tial inve/m5t2 & 7#ac7 ! e/abli%m5t ( a ,unit$ ,/ates ,gov]nm5t-own$1 indep5d5t1 pr(essionally manag$ in/itution t c\ld provide cr$it support to qualifi$ infra/ructure projects ( regional & national significance1 mak+ transp>5t m]it-bas$ inve/m5t decisions bas$ on ! comm]cial viability ( infra/ructure projects1 w\ld catalyze ! p>ticipation ( significant private inve/m5t capital4 7b7 ,purpose ,! purpose ( ?is ,act is to facilitate inve/m5t 91 & long-t]m f9anc+ (1 economically viable infra/ructure projects ( regional or national significance 9 a mann] t bo? complem5ts exi/+ ,f$]al1 ,/ate1 local1 & private fund+ s\rces = ^! projects & introduces a m]it-bas$ sy/em = f9anc+ su* projects1 9 ord] to mobilize significant private sector inve/m5t1 create jobs1 & ensure ,unit$ ,/ates competitiv5ess ?r\gh an in/itution t limits ! ne$ = ongo+ ,f$]al fund+4 #bdd4 ,def9itions ,= purposes ( ?is ,act1 ! foll[+ def9itions %all apply3 7#a7 ,,aifa ,! t]m ,,aifa means ! ,am]ican ,infra/ructure ,f9anc+ ,au?ority e/abli%$ "u ?is ,act4 7#b7 ,bl9d tru/ ,! t]m bl9d tru/ means a tru/ 9 :i* ! b5efici>y has no k ( ! specific hold+s & no rights ov] h[ ^? hold+s are manag$ by ! fiduci>y ( ! tru/ prior to ! dissolution ( ! tru/4 7#c7 ,bo>d ( directors ,! t]m ,bo>d ( ,directors means ,bo>d ( ,directors ( ,,aifa4 7#d7 ,*airp]son ,! t]m ,*airp]son means ! ,*airp]son ( ! ,bo>d ( ,directors ( ,,aifa4 7#e7 ,*ief executive (fic] ,! t]m *ief executive (fic] means ! *ief executive (fic] ( ,,aifa1 appo9t$ "u section #bdg4 7#f7 ,co/ ,! t]m co/ has ! same mean+ z 9 section #ejb ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 #ffa;a74 7#g7 ,direct loan ,! t]m direct loan has ! same mean+ z 9 section #ejb ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 #ffa;a74 7#h7 ,eligible entity ,! t]m eligible entity means an individual1 corporation1 p>tn]%ip 7includ+ a public-private p>tn]%ip71 jo9t v5ture1 tru/1 ,/ate1 or o!r non-,f$]al gov]nm5tal entity1 includ+ a political subdivision or any o!r in/rum5tality ( a ,/ate1 or a revolv+ fund4 7#i7 ,infra/ructure project 7,a7 ,9 g5]al ,! t]m eligible infra/ructure project means any non-,f$]al transportation1 wat]1 or en]gy infra/ructure project1 or an aggregation ( su* infra/ructure projects1 z provid$ 9 ?is ,act4 7,b7 ,transportation infra/ructure project ,! t]m transportation infra/ructure project means ! con/ruction1 alt]ation1 or repair1 includ+ ! facilitation ( int]modal transit1 ( ! foll[+ subsectors3 7i7 ,highway or road4 7ii7 ,bridge4 7iii7 ,mass transit4 7iv7 ,inl& wat]ways4 7v7 ,comm]cial ports4 7vi7 ,airports4 7vii7 ,air traffic control sy/ems4 7viii7 ,pass5g] rail1 includ+ high-spe$ rail4 7ix7 ,freight rail sy/ems4 7,c7 ,wat] infra/ructure project ,! t]m wat] infra/ructure project means ! con/ruction1 consolidation1 alt]ation1 or repair ( ! foll[+ subsectors3 7i7 ,wat]wa/e treatm5t facility4 7ii7 ,/orm wat] managem5t sy/em4 7iii7 ,dam4 7iv7 ,solid wa/e disposal facility4 7v7 ,dr9k+ wat] treatm5t facility4 7vi7 ,levee4 7vii7 ,op5 space managem5t sy/em4 7,d7 ,en]gy infra/ructure project ,! t]m en]gy infra/ructure project means ! con/ruction1 alt]ation1 or repair ( ! foll[+ subsectors3 7i7 ,pollution r$uc$ en]gy g5]ation4 7ii7 ,transmission & di/ribution4 7iii7 ,/orage4 7iv7 ,en]gy effici5cy enhancem5ts = build+s1 includ+ public & comm]cial build+s4 7,e7 ,bo>d au?ority to modify subsectors ,! ,bo>d ( ,directors may make modifications1 at ! discretion ( ! ,bo>d1 to ! subsectors describ$ 9 ?is p>agraph by a vote ( n few] ?an #e ( ! vot+ memb]s ( ! ,bo>d ( ,directors4 7#aj7 ,inve/m5t prospectus 7,a7 ,! t]m inve/m5t prospectus means ! processes & publications describ$ bel[ t w guide ! priorities & /rategic focus = ,,aifa's inve/m5ts4 ,! inve/m5t prospectus %all foll[ rulemak+ proc$ures "u section #eec ( title #e1 ,unit$ ,/ates ,code4 7,b7 ,,aifa %all publi% a detail$ description ( its /rategy 9 an inve/m5t prospectus )9 "o ye> ( ! enactm5t ( ?is sub*apt]4 ,! inve/m5t prospectus %all-- 7i7 specify :at ,,aifa %all consid] significant to ! economic competitiv5ess ( ! ,unit$ ,/ates or a region !re( 9 a mann] consi/5t ) ! prim>y objective2 7ii7 specify ! priorities & /rategic focus ( ,,aifa 9 =w>d+ its /rategic objectives & c>ry+ out ,,aifa /rategy2 7iii7 specify ! priorities & /rategic focus ( ,,aifa 9 promot+ great] effici5cy 9 ! movem5t ( freight2 7iv7 specify ! priorities & /rategic focus ( ,,aifa 9 promot+ ! use ( innovation & be/ practices 9 ! plann+1 design1 developm5t & deliv]y ( projects2 7v7 describe 9 detail ! framework & me?odology = calculat+ application qualification scores & associat$ ranges z specifi$ 9 ?is sub*apt]1 along ) ! data to be reque/$ f applicants & ! me*anics ( calculations to be appli$ to t data to det]m9e qualification scores & ranges2 7vi7 describe h[ selection crit]ia w be appli$ by ! ,*ief ,executive ,(fic] 9 det]m9+ ! competitiv5ess ( an application & its qualification score & range relative to o!r curr5t applications & previ\sly fund$ applications2 & 7vii7 describe h[ ! qualification score & range me?odology & project selection framework are consi/5t ) maximiz+ ,,aifa goals 9 bo? urban & rural areas4 7,c7 ,! inve/m5t prospectus & any subsequ5t updates !reto %all be approv$ by a majority vote ( ! ,bo>d ( ,directors prior to publication4 7,d7 ,,aifa %all update ! inve/m5t prospectus on e bi5nial anniv]s>y ( its orig9al publication4 7#aa7 ,inve/m5t-grade rat+ ,! t]m inve/m5t-grade rat+ means a rat+ ( ,,bbb m9us1 ,baa#c1 or high] assign$ to an infra/ructure project by a rat+s ag5cy4 7#ab7 ,loan gu>antee ,! t]m loan gu>antee has ! same mean+ z 9 section #ejb ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 #ffa;a74 7#ac7 ,public-private p>tn]%ip ,! t]m public-private p>tn]%ip means any eligible entity-- 7,a7 7i7 :i* is und]tak+ ! developm5t ( all or "p ( an infra/ructure project t w h a public b5efit1 pursuant to requirem5ts e/abli%$ 9 "o or m contracts betwe5 ! entity & a ,/ate or an in/rum5tality ( a ,/ate2 or 7ii7 ! activities ( :i*1 ) respect to su* an infra/ructure project1 are subject to regulation by a ,/ate or any in/rum5tality ( a ,/ate2 7,b7 :i* owns1 leases1 or op]ates or w own1 lease1 or op]ate1 ! project 9 :ole or 9 "p2 & 7,c7 ! p>ticipants 9 :i* include n few] ?an #a nongov]nm5tal entity ) significant inve/m5t & "s control ov] ! project or project vehicle4 7#ad7 ,rural infra/ructure project ,! t]m rural infra/ructure project means an infra/ructure project 9 a rural area1 z t t]m is def9$ 9 section #cdc7;a77#ac77;,a7 ( ! ,consolidat$ ,f>m & ,rural ,developm5t ,act 7#g ,u4,s4,c4 #aiia7;a77#ac77;,a774 7#ae7 ,secret>y ,unless ! context o!rwise requires1 ! t]m ,secret>y means ! ,secret>y ( ! ,treasury or ! designee !re(4 7#af7 ,s5ior managem5t ,! t]m s5ior managem5t means ! *ief f9ancial (fic]1 *ief risk (fic]1 *ief compliance (fic]1 g5]al c\nsel1 *ief l5d+ (fic]1 & *ief op]ations (fic] ( ,,aifa e/abli%$ "u section #bdi1 & su* o!r (fic]s z ! ,bo>d ( ,directors may1 by majority vote1 add to s5ior managem5t4 7#ag7 ,/ate ,! t]m ,/ate includes ! ,di/rict ( ,columbia1 ,pu]to ,rico1 ,guam1 ,am]ican ,samoa1 ! ,virg9 ,isl&s1 ! ,commonweal? ( ,nor!rn ,m>iana ,isl&s1 & any o!r t]ritory ( ! ,unit$ ,/ates4 ,i ,am]ican infra/ructure f9anc+ au?ority #bde4 ,e/abli%m5t & g5]al au?ority ( ,,aifa 7a7 ,e/abli%m5t ( ,,aifa ,! ,am]ican ,infra/ructure ,f9anc+ ,au?ority is e/abli%$ z a :olly own$ ,gov]nm5t corporation4 7b7 ,g5]al au?ority ( ,,aifa ,,aifa %all provide direct loans & loan gu>antees to facilitate infra/ructure projects t are bo? economically viable & ( regional or national significance1 & %all h su* o!r au?ority1 z provid$ 9 ?is ,act4 7c7 ,incorporation 7#a7 ,9 g5]al ,! ,bo>d ( ,directors fir/ appo9t$ %all be deem$ ! incorporator ( ,,aifa1 & ! incorporation %all be held to h be5 effect$ f ! date ( ! fir/ meet+ ( ! ,bo>d ( ,directors4 7#b7 ,corporate (fice ,,aifa %all-- 7,a7 ma9ta9 an (fice 9 ,wa%+ton1 ,,dc2 & 7,b7 = purposes ( v5ue 9 civil actions1 be consid]$ to be a resid5t ( ,wa%+ton1 ,,dc4 7d7 ,responsibility ( ! secret>y ,! ,secret>y %all take su* action z may be necess>y to assi/ 9 implem5t+ ,,aifa1 & 9 c>ry+ out ! purpose ( ?is ,act4 7e7 ,rule ( con/ruction ,*apt] #ia ( title #ca1 ,unit$ ,/ates ,code1 does n apply to ,,aifa1 unless o!rwise specifically provid$ 9 ?is ,act4 #bdf4 ,vot+ memb]s ( ! ,bo>d ( ,directors 7a7 ,vot+ memb]%ip ( ! bo>d ( directors 7#a7 ,9 g5]al ,,aifa %all h a ,bo>d ( ,directors consi/+ ( #g vot+ memb]s appo9t$ by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate1 n m ?an #d ( :om %all be f ! same political p>ty4 7#b7 ,*airp]son ,"o ( ! vot+ memb]s ( ! ,bo>d ( ,directors %all be designat$ by ! ,presid5t to s]ve z ,*airp]son !re(4 7#c7 ,congressional recomm5dations ,n lat] ?an #cj days aft] ! date ( enactm5t ( ?is ,act1 ! majority lead] ( ! ,s5ate1 ! m9ority lead] ( ! ,s5ate1 ! ,speak] ( ! ,h\se ( ,repres5tatives1 & ! m9ority lead] ( ! ,h\se ( ,repres5tatives %all ea* submit a recomm5dation to ! ,presid5t = appo9tm5t ( a memb] ( ! ,bo>d ( ,directors1 aft] consultation ) ! appropriate committees ( ,congress4 7b7 ,vot+ rights ,ea* vot+ memb] ( ! ,bo>d ( ,directors %all h an equal vote 9 all decisions ( ! ,bo>d ( ,directors4 7c7 ,qualifications ( vot+ memb]s ,ea* vot+ memb] ( ! ,bo>d ( ,directors %all-- 7#a7 be a citiz5 ( ! ,unit$ ,/ates2 & 7#b7 h significant demon/rat$ exp]tise 9-- 7,a7 ! managem5t & adm9i/ration ( a f9ancial in/itution relevant to ! op]ation ( ,,aifa2 or a public f9ancial ag5cy or au?ority2 7,b7 ! f9anc+1 developm5t1 or op]ation ( infra/ructure projects2 or 7,c7 analyz+ ! economic b5efits ( infra/ructure inve/m5t4 7d7 ,t]ms 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 ?is ,act1 ea* vot+ memb] ( ! ,bo>d ( ,directors %all be appo9t$ = a t]m ( #d ye>s4 7#b7 ,initial /agg]$ t]ms ,( ! vot+ memb]s fir/ appo9t$ to ! ,bo>d ( ,directors-- 7,a7 ! initial ,*airp]son & #c ( ! o!r vot+ memb]s %all ea* be appo9t$ = a t]m ( #d ye>s2 & 7,b7 ! rema9+ #c vot+ memb]s %all ea* be appo9t$ = a t]m ( #b ye>s4 7#c7 ,date ( initial nom9ations ,! initial nom9ations = ! appo9tm5t ( all vot+ memb]s ( ! ,bo>d ( ,directors %all be made n lat] ?an #fj days aft] ! date ( enactm5t ( ?is ,act4 7#d7 ,beg9n+ ( t]m ,! t]m ( ea* ( ! initial vot+ memb]s appo9t$ "u ?is section %all comm5ce imm$iately ^u ! date ( appo9tm5t1 except t1 = purposes ( calculat+ ! t]m limits specifi$ 9 ?is subsection1 ! initial t]ms %all ea* be con/ru$ z beg9n+ on ,janu>y #bb ( ! ye> foll[+ ! date ( ! initial appo9tm5t4 7#e7 ,vacancies ,a vacancy 9 ! position ( a vot+ memb] ( ! ,bo>d ( ,directors %all be fill$ by ! ,presid5t1 & a memb] appo9t$ to fill a vacancy on ! ,bo>d ( ,directors occurr+ be=e ! expiration ( ! t]m = :i* ! pr$ecessor 0 appo9t$ %all be appo9t$ only = ! rema9d] ( t t]m4 7e7 ,meet+s 7#a7 ,op5 to ! public2 notice ,except z provid$ 9 p>agraph 7#c71 all meet+s ( ! ,bo>d ( ,directors %all be-- 7,a7 op5 to ! public2 & 7,b7 prec$$ by reasonable public notice4 7#b7 ,frequ5cy ,! ,bo>d ( ,directors %all meet n lat] ?an #fj days aft] ! date on :i* all memb]s ( ! ,bo>d ( ,directors are fir/ appo9t$1 at lea/ qu>t]ly !reaft]1 & o!rwise at ! call ( ei!r ! ,*airp]son or #e vot+ memb]s ( ! ,bo>d ( ,directors4 7#c7 ,exception = clos$ meet+s ,! vot+ memb]s ( ! ,bo>d ( ,directors may1 by majority vote1 close a meet+ to ! public if1 dur+ ! meet+ to be clos$1 !re is likely to be disclos$ propriet>y or s5sitive in=mation reg>d+ an infra/ructure project "u consid]ation = assi/ance "u ?is ,act4 ,! ,bo>d ( ,directors %all prep>e m9utes ( any meet+ t is clos$ to ! public1 & %all make su* m9utes available z soon z practicable1 n lat] ?an #a ye> aft] ! date ( ! clos$ meet+1 ) any necess>y r$actions to protect any propriet>y or s5sitive in=mation4 7#d7 ,quorum ,= purposes ( meet+s ( ! ,bo>d ( ,directors1 #e vot+ memb]s ( ! ,bo>d ( ,directors %all con/itute a quorum4 7f7 ,comp5sation ( memb]s ,ea* vot+ memb] ( ! ,bo>d ( ,directors %all be comp5sat$ at a rate equal to ! daily equival5t ( ! annual rate ( basic pay prescrib$ = level ,,iii ( ! ,executive ,s*$ule "u section #ecad ( title #e1 ,unit$ ,/ates ,code1 = ea* day 7includ+ travel "t7 dur+ :i* ! memb] is engag$ 9 ! p]=mance ( ! duties ( ! ,bo>d ( ,directors4 7g7 ,conflicts ( int]e/ ,a vot+ memb] ( ! ,bo>d ( ,directors may n p>ticipate 9 any review or decision affect+ an infra/ructure project "u consid]ation = assi/ance "u ?is ,act1 if ! memb] has or is affiliat$ ) an entity :o has a f9ancial int]e/ 9 su* project4 #bdg4 ,*ief executive (fic] ( ,,aifa 7a7 ,9 g5]al ,! *ief executive (fic] ( ,,aifa %all be a nonvot+ memb] ( ! ,bo>d ( ,directors1 :o %all be responsible = all activities ( ,,aifa1 & %all support ! ,bo>d ( ,directors z set =? 9 ?is ,act & z ! ,bo>d ( ,directors deems necess>y or appropriate4 7b7 ,appo9tm5t & t5ure ( ! *ief executive (fic] 7#a7 ,9 g5]al ,! ,presid5t %all appo9t ! *ief executive (fic]1 by & ) ! advice & cons5t ( ! ,s5ate4 7#b7 ,t]m ,! *ief executive (fic] %all be appo9t$ = a t]m ( #f ye>s4 7#c7 ,vacancies ,any vacancy 9 ! (fice ( ! *ief executive (fic] %all be fill$ by ! ,presid5t1 & ! p]son appo9t$ to fill a vacancy 9 t position occurr+ be=e ! expiration ( ! t]m = :i* ! pr$ecessor 0 appo9t$ %all be appo9t$ only = ! rema9d] ( t t]m4 7c7 ,qualifications ,! *ief executive (fic]-- 7#a7 %all h significant exp]tise 9 managem5t & adm9i/ration ( a f9ancial in/itution1 or significant exp]tise 9 ! f9anc+ & developm5t ( infra/ructure projects1 or significant exp]tise 9 analyz+ ! economic b5efits ( infra/ructure inve/m5t2 & 7#b7 may n-- 7,a7 hold any o!r public (fice2 7,b7 h any f9ancial int]e/ 9 an infra/ructure project !n be+ consid]$ by ! ,bo>d ( ,directors1 unless t int]e/ is plac$ 9 a bl9d tru/2 or 7,c7 h any f9ancial int]e/ 9 an inve/m5t in/itution or its affiliates or any o!r entity seek+ or likely to seek f9ancial assi/ance = any infra/ructure project f ,,aifa1 unless any su* int]e/ is plac$ 9 a bl9d tru/ = ! t5ure ( ! s]vice ( ! *ief executive (fic] plus #b additional ye>s4 7d7 ,responsibilities ,! *ief executive (fic] %all h su* executive functions1 p[]s1 & duties z may be prescrib$ by ?is ,act1 ! bylaws ( ,,aifa1 or ! ,bo>d ( ,directors1 includ+-- 7#a7 responsibility = ! developm5t & implem5tation ( ! /rategy ( ,,aifa1 includ+-- 7,a7 ! developm5t & submission to ! ,bo>d ( ,directors ( ! inve/m5t prospectus1 ! annual bus9ess plans & budget2 7,b7 ! developm5t & submission to ! ,bo>d ( ,directors ( a long-t]m /rategic plan2 & 7,c7 ! developm5t1 revision1 & submission to ! ,bo>d ( ,directors ( int]nal policies2 & 7#b7 responsibility = ! managem5t & ov]sight ( ! daily activities1 decisions1 op]ations1 & p]sonnel ( ,,aifa1 includ+-- 7,a7 ! appo9tm5t ( s5ior managem5t1 subject to approval by ! vot+ memb]s ( ! ,bo>d ( ,directors1 & ! hir+ & t]m9ation ( all o!r ,,aifa p]sonnel2 7,b7 reque/+ ! detail1 on a reimbursable basis1 ( p]sonnel f any ,f$]al ag5cy hav+ specific exp]tise n available f )9 ,,aifa1 foll[+ :i* reque/ ! head ( ! ,f$]al ag5cy may detail1 on a reimbursable basis1 any p]sonnel ( su* ag5cy reasonably reque/$ by ! *ief executive (fic]2 7,c7 assess+ & recomm5d+ 9 ! fir/ in/ance1 = ultimate approval or disapproval by ! ,bo>d ( ,directors1 comp5sation & adju/m5ts to comp5sation ( s5ior managem5t & o!r p]sonnel ( ,,aifa z may be necess>y = c>ry+ out ! functions ( ,,aifa2 7,d7 ensur+1 9 conjunction ) ! g5]al c\nsel ( ,,aifa1 t all activities ( ,,aifa are c>ri$ out 9 compliance ) applicable law2 7,e7 ov]see+ ! involvem5t ( ,,aifa 9 all projects1 includ+-- 7i7 develop+ eligible projects = ,,aifa f9ancial assi/ance2 7ii7 det]m9+ ! t]ms & conditions ( all f9ancial assi/ance packages2 7iii7 monitor+ all infra/ructure projects assi/$ by ,,aifa1 includ+ responsibility = ensur+ t ! proce$s ( any loan made1 gu>ante$1 or p>ticipat$ 9 are us$ only = ! purposes = :i* ! loan or gu>antee 0 made2 7iv7 prep>+ & submitt+ = approval by ! ,bo>d ( ,directors ! docum5ts requir$ "u p>agraph 7#a72 & 7v7 ensur+ ! implem5tation ( decisions ( ! ,bo>d ( ,directors2 & 7,f7 su* o!r activities z may be necess>y or appropriate 9 c>ry+ out ?is ,act4 7e7 ,comp5sation 7#a7 ,9 g5]al ,any comp5sation assessm5t or recomm5dation by ! *ief executive (fic] "u ?is section %all be )\t reg>d to ! provisions ( *apt] #ea or sub*apt] ,,iii ( *apt] #ec ( title #e1 ,unit$ ,/ates ,code4 7#b7 ,consid]ations ,! comp5sation assessm5t or recomm5dation requir$ "u ?is subsection %all take into acc\nt m]it pr9ciples1 :]e applicable1 z well z ! education1 exp]i5ce1 level ( responsibility1 geographic diff]5ces1 & ret5tion & recruitm5t ne$s 9 det]m9+ comp5sation ( p]sonnel4 #bdh4 ,p[]s & duties ( ! ,bo>d ( ,directors ,! ,bo>d ( ,directors %all-- 7#a7 z soon z is practicable aft] ! date on :i* all memb]s are appo9t$1 approve or disapprove s5ior managem5t appo9t$ by ! *ief executive (fic]2 7#b7 n lat] ?an #ahj days aft] ! date on :i* all memb]s are appo9t$-- 7,a7 develop & approve ! bylaws ( ,,aifa1 includ+ bylaws = ! regulation ( ! affairs & conduct ( ! bus9ess ( ,,aifa1 consi/5t ) ! purpose1 goals1 objectives1 & policies set =? 9 ?is ,act2 7,b7 e/abli% subcommittees1 includ+ an audit committee t is compos$ solely ( memb]s ( ! ,bo>d ( ,directors :o are indep5d5t ( ! s5ior managem5t ( ,,aifa2 7,c7 develop & approve1 9 consultation ) s5ior managem5t1 a conflict-(-int]e/ policy = ! ,bo>d ( ,directors & = s5ior managem5t2 7,d7 approve or disapprove int]nal policies t ! *ief executive (fic] %all submit to ! ,bo>d ( ,directors1 includ+-- 7i7 policies reg>d+ ! loan application & approval process1 includ+-- 7,i7 disclosure & application proc$ures to be foll[$ by entities 9 ! c\rse ( nom9at+ infra/ructure projects = assi/ance "u ?is ,act2 7,,ii7 guidel9es = ! selection & approval ( projects2 7,,iii7 specific crit]ia = det]m9+ eligibility = project selection1 consi/5t ) title ,,ii2 & 7,,iv7 /&>diz$ t]ms & conditions1 fee s*$ules1 or legal requirem5ts ( a contract or program1 s z to c>ry out ?is ,act2 & 7ii7 op]ational guidel9es2 & 7,e7 approve or disapprove a multi-ye> or #a-ye> bus9ess plan & budget = ,,aifa2 7#c7 ensure t ,,aifa is at all times op]at$ 9 a mann] t is consi/5t ) ?is ,act1 by-- 7,a7 monitor+ & assess+ ! effectiv5ess ( ,,aifa 9 a*iev+ its /rategic goals2 7,b7 p]iodically review+ int]nal policies2 7,c7 review+ & approv+ annual bus9ess plans1 annual budgets1 & long-t]m /rategies submitt$ by ! *ief executive (fic]2 7,d7 review+ & approv+ annual reports submitt$ by ! *ief executive (fic]2 7,e7 engag+ "o or m ext]nal auditors1 z set =? 9 ?is ,act2 & 7,f7 review+ & approv+ all *anges to ! organization ( s5ior managem5t2 7#d7 appo9t & fix1 by a vote ( #e ( ! #g vot+ memb]s ( ! ,bo>d ( ,directors1 & )\t reg>d to ! provisions ( *apt] #ea or sub*apt] ,,iii ( *apt] #ec ( title #e1 ,unit$ ,/ates ,code1 ! comp5sation & adju/m5ts to comp5sation ( all ,,aifa p]sonnel1 & :]e1 9 appo9t+ & fix+ any comp5sation or adju/m5ts to comp5sation "u ?is p>agraph1 ! ,bo>d %all-- 7,a7 consult )1 & seek to ma9ta9 comp>ability )1 o!r comp>able ,f$]al p]sonnel2 7,b7 consult ) ! ,(fice ( ,p]sonnel ,managem5t2 & 7,c7 c>ry out su* duties consi/5t ) m]it pr9ciples1 :]e applicable1 z well z ! education1 exp]i5ce1 level ( responsibility1 geographic diff]5ces1 & ret5tion & recruitm5t ne$s 9 det]m9+ comp5sation ( p]sonnel2 7#e7 e/abli% su* o!r crit]ia1 requirem5ts1 or proc$ures z ! ,bo>d ( ,directors may consid] to be appropriate 9 c>ry+ out ?is ,act2 7#f7 s]ve z ! prim>y liaison = ,,aifa 9 int]actions ) ,congress1 ! ,executive ,bran*1 & ,/ate & local gov]nm5ts1 & to repres5t ! int]e/s ( ,,aifa 9 su* int]actions & o!rs2 7#g7 approve by a vote ( #e ( ! #g vot+ memb]s ( ! ,bo>d ( ,directors any *anges to ! bylaws or int]nal policies ( ,,aifa2 7#h7 h ! au?ority & responsibility-- 7,a7 to ov]see ent]+ into & c>ry out su* contracts1 leases1 coop]ative agreem5ts1 or o!r transactions z are necess>y to c>ry out ?is ,act )-- 7i7 any ,f$]al dep>tm5t or ag5cy2 7ii7 any ,/ate1 t]ritory1 or possession 7or any political subdivision !re(1 includ+ ,/ate infra/ructure banks7 ( ! ,unit$ ,/ates2 & 7iii7 any individual1 public-private p>tn]%ip1 firm1 association1 or corporation2 7,b7 to approve ( ! acquisition1 lease1 pl$ge1 ex*ange1 & disposal ( real & p]sonal prop]ty by ,,aifa & o!rwise approve ! ex]cise by ,,aifa ( all ( ! usual incid5ts ( own]%ip ( prop]ty1 to ! ext5t t ! ex]cise ( su* p[]s is appropriate to & consi/5t ) ! purposes ( ,,aifa2 7,c7 to det]m9e ! "* (1 & ! necessity =1 ! obligations & exp5ditures ( ,,aifa1 & ! mann] 9 :i* ! obligations & exp5ditures w be incurr$1 all[$1 & paid1 subject to ?is ,act & o!r ,f$]al law specifically applicable to :olly own$ ,f$]al corporations2 7,d7 to execute1 9 accordance ) applicable bylaws & regulations1 appropriate in/rum5ts2 7,e7 to approve o!r =ms ( cr$it enhancem5t t ,,aifa may provide to eligible projects1 z long z ! =ms ( cr$it enhancem5ts are consi/5t ) ! purposes ( ?is ,act & t]ms set =? 9 title ,,ii2 7,f7 to ex]cise all o!r lawful p[]s :i* are necess>y or appropriate to c>ry out1 & are consi/5t )1 ! purposes ( ,,aifa2 7,g7 to sue or be su$ 9 ! corporate capacity ( ,,aifa 9 any c\rt ( compet5t jurisdiction2 7,h7 to indemnify ! memb]s ( ! ,bo>d ( ,directors & (fic]s ( ,,aifa = any liabilities aris+ out ( ! actions ( ! memb]s & (fic]s 9 su* capacity1 9 accordance )1 & subject to ! limitations conta9$ 9 ?is ,act2 7,i7 to review all f9ancial assi/ance packages to all eligible infra/ructure projects1 z submitt$ by ! *ief executive (fic] & to approve1 po/pone1 or d5y ! same by majority vote2 7,j7 to review all re/ructur+ proposals submitt$ by ! *ief executive (fic]1 includ+ assignation1 pl$g+1 or disposal ( ! int]e/ ( ,,aifa 9 a project1 includ+ paym5t or income f any int]e/ own$ or held by ,,aifa1 & to approve1 po/pone1 or d5y ! same by majority vote2 & 7,k7 to ent] into b9d+ commitm5ts1 z specifi$ 9 approv$ f9ancial assi/ance packages2 7#i7 delegate to ! *ief executive (fic] ^? duties t ! ,bo>d ( ,directors deems appropriate1 to bett] c>ry out ! p[]s & purposes ( ! ,bo>d ( ,directors "u ?is section2 & 7#aj7 to approve a maximum aggregate am\nt ( out/&+ obligations ( ,,aifa at any giv5 "t1 tak+ into consid]ation fund+1 & ! size ( ,,aifa's addressable m>ket = infra/ructure projects4 #bdi4 ,s5ior managem5t 7a7 ,9 g5]al ,s5ior managem5t %all support ! *ief executive (fic] 9 ! dis*>ge ( ! responsibilities ( ! *ief executive (fic]4 7b7 ,appo9tm5t ( s5ior managem5t ,! *ief executive (fic] %all appo9t su* s5ior manag]s z are necess>y to c>ry out ! purpose ( ,,aifa1 z approv$ by a majority vote ( ! vot+ memb]s ( ! ,bo>d ( ,directors4 7c7 ,t]m ,ea* memb] ( s5ior managem5t %all s]ve at ! pleasure ( ! *ief executive (fic] & ! ,bo>d ( ,directors4 7d7 ,removal ( s5ior managem5t ,any memb] ( s5ior managem5t may be remov$1 ei!r by a majority ( ! vot+ memb]s ( ! ,bo>d ( ,directors ^u reque/ by ! *ief executive (fic]1 or o!rwise by vote ( n few] ?an #e vot+ memb]s ( ! ,bo>d ( ,directors4 7e7 ,s5ior managem5t 7#a7 ,9 g5]al ,ea* memb] ( s5ior managem5t %all report directly to ! *ief executive (fic]1 o!r ?an ! ,*ief ,risk ,(fic]1 :o %all report directly to ! ,bo>d ( ,directors4 7#b7 ,duties & responsibilities 7,a7 ,*ief f9ancial (fic] ,! ,*ief ,f9ancial ,(fic] %all be responsible = all f9ancial functions ( ,,aifa4 ,at ! discretion ( ! ,bo>d ( ,directors1 specific functions ( ! ,*ief ,f9ancial ,(fic] may be delegat$ ext]nally4 7,b7 ,*ief risk (fic] ,! ,*ief ,risk ,(fic] %all be responsible = all functions ( ,,aifa relat+ to-- 7i7 ! creation ( f9ancial1 cr$it1 & op]ational risk managem5t guidel9es & policies2 7ii7 cr$it analysis = infra/ructure projects2 7iii7 ! creation ( con=m+ /&>ds = infra/ructure f9ance agreem5ts2 7iv7 ! monitor+ ( ! f9ancial1 cr$it1 & op]ational exposure ( ,,aifa2 & 7v7 risk managem5t & mitigation actions1 includ+ by report+ su* actions1 or recomm5dations ( su* actions to be tak51 directly to ! ,bo>d ( ,directors4 7,c7 ,*ief compliance (fic] ,! ,*ief ,compliance ,(fic] %all be responsible = all functions ( ,,aifa relat+ to int]nal audits1 acc\nt+ safegu>ds1 & ! en=cem5t ( su* safegu>ds & o!r applicable requirem5ts4 7,d7 ,g5]al c\nsel ,! ,g5]al ,c\nsel %all be responsible = all functions ( ,,aifa relat+ to legal matt]s &1 9 consultation ) ! *ief executive (fic]1 %all be responsible = ensur+ t ,,aifa complies ) all applicable law4 7,e7 ,*ief op]ations (fic] ,! ,*ief ,op]ations ,(fic] %all be responsible = all op]ational functions ( ,,aifa1 includ+ ^? relat+ to ! cont9u+ op]ations & p]=mance ( all infra/ructure projects 9 :i* ,,aifa reta9s an int]e/ & = all ,,aifa functions relat$ to human res\rces4 7,f7 ,*ief l5d+ (fic] ,! ,*ief ,l5d+ ,(fic] %all be responsible =-- 7i7 all functions ( ,,aifa relat+ to ! developm5t ( project pipel9e1 f9ancial /ructur+ ( projects1 selection ( infra/ructure projects to be review$ by ! ,bo>d ( ,directors1 prep>ation ( infra/ructure projects to be pres5t$ to ! ,bo>d ( ,directors1 & set aside = rural infra/ructure projects2 7ii7 ! creation & managem5t (-- 7,i7 a ,c5t] = ,excell5ce to provide te*nical assi/ance to public sector borr[]s 9 ! developm5t & f9anc+ ( infra/ructure projects2 & 7,,ii7 an ,(fice ( ,rural ,assi/ance to provide te*nical assi/ance 9 ! developm5t & f9anc+ ( rural infra/ructure projects2 & 7iii7 ! e/abli%m5t ( guidel9es to ensure div]sification ( l5d+ activities by region1 infra/ructure project type1 & project size4 7f7 ,*anges to s5ior managem5t ,! ,bo>d ( ,directors1 9 consultation ) ! *ief executive (fic]1 may alt] ! /ructure ( ! s5ior managem5t ( ,,aifa at any "t to bett] accompli% ! goals1 objectives1 & purposes ( ,,aifa1 except t ! functions ( ! ,*ief ,f9ancial ,(fic] set =? 9 subsection 7e7 %all rema9 sep>ate f ! functions ( ! ,*ief ,risk ,(fic] set =? 9 subsection 7e74 7g7 ,conflicts ( int]e/ ,no individual appo9t$ to s5ior managem5t may-- 7#a7 hold any o!r public (fice2 7#b7 h any f9ancial int]e/ 9 an infra/ructure project !n be+ consid]$ by ! ,bo>d ( ,directors1 unless t int]e/ is plac$ 9 a bl9d tru/2 or 7#c7 h any f9ancial int]e/ 9 an inve/m5t in/itution or its affiliates1 ,,aifa or its affiliates1 or o!r entity !n seek+ or likely to seek f9ancial assi/ance = any infra/ructure project f ,,aifa1 unless any su* int]e/ is plac$ 9 a bl9d tru/ dur+ ! t]m ( s]vice ( t individual 9 a s5ior managem5t position1 & = a p]iod ( #b ye>s !reaft]4 #bej4 ,special ,inspector ,g5]al = ,,aifa 7a7 ,9 g5]al ,dur+ ! fir/ #e op]at+ ye>s ( ,,aifa1 ! ,(fice ( ! ,inspector ,g5]al ( ! ,dep>tm5t ( ! ,treasury %all h responsibility = ,,aifa4 7b7 ,(fice ( ! special inspector g5]al ,effective #e ye>s aft] ! date ( enactm5t ( ! comm5cem5t ( ! op]ations ( ,,aifa1 !re is e/abli%$ ! ,(fice ( ! ,special ,inspector ,g5]al = ,,aifa4 7c7 ,appo9tm5t ( ,inspector ,g5]al2 ,removal 7#a7 ,head ( (fice ,! head ( ! ,(fice ( ! ,special ,inspector ,g5]al = ,,aifa %all be ! ,special ,inspector ,g5]al = ,,aifa 79 ?is ,act ref]r$ to z ! ,special ,inspector ,g5]al71 :o %all be appo9t$ by ! ,presid5t1 by & ) ! advice & cons5t ( ! ,s5ate4 7#b7 ,basis ( appo9tm5t ,! appo9tm5t ( ! ,special ,inspector ,g5]al %all be made on ! basis ( integrity & demon/rat$ ability 9 acc\nt+1 audit+1 f9ancial analysis1 law1 managem5t analysis1 public adm9i/ration1 or inve/igations4 7#c7 ,tim+ ( nom9ation ,! nom9ation ( an individual z ,special ,inspector ,g5]al %all be made z soon z is practicable aft] ! effective date "u subsection 7b74 7#d7 ,removal ,! ,special ,inspector ,g5]al %all be removable f (fice 9 accordance ) ! provisions ( section #c7;b7 ( ! ,inspector ,g5]al ,act ( #aigh 7#e ,u4,s4,c4 ,app474 7#e7 ,rule ( con/ruction ,= purposes ( section #gcbd ( title #e1 ,unit$ ,/ates ,code1 ! ,special ,inspector ,g5]al %all n be consid]$ an employee :o det]m9es policies to be pursu$ by ! ,unit$ ,/ates 9 ! nationwide adm9i/ration ( ,f$]al law4 7#f7 ,rate ( pay ,! annual rate ( basic pay ( ! ,special ,inspector ,g5]al %all be ! annual rate ( basic pay = an ,inspector ,g5]al "u section #c7;e7 ( ! ,inspector ,g5]al ,act ( #aigh 7#e ,u4,s4,c4 ,app474 7d7 ,duties 7#a7 ,9 g5]al ,x %all be ! duty ( ! ,special ,inspector ,g5]al to conduct1 sup]vise1 & coord9ate audits & inve/igations ( ! bus9ess activities ( ,,aifa4 7#b7 ,o!r sy/ems1 proc$ures1 & controls ,! ,special ,inspector ,g5]al %all e/abli%1 ma9ta91 & ov]see su* sy/ems1 proc$ures1 & controls z ! ,special ,inspector ,g5]al consid]s appropriate to dis*>ge ! duty "u p>agraph 7#a74 7#c7 ,additional duties ,9 addition to ! duties specifi$ 9 p>agraphs 7#a7 & 7#b71 ! ,inspector ,g5]al %all also h ! duties & responsibilities ( inspectors g5]al "u ! ,inspector ,g5]al ,act ( #aigh4 7e7 ,p[]s & au?orities 7#a7 ,9 g5]al ,9 c>ry+ out ! duties specifi$ 9 subsection 7c71 ! ,special ,inspector ,g5]al %all h ! au?orities provid$ 9 section #f ( ! ,inspector ,g5]al ,act ( #aigh4 7#b7 ,additional au?ority ,! ,special ,inspector ,g5]al %all c>ry out ! duties specifi$ 9 subsection 7c77#a7 9 accordance ) section #d7;b77#a7 ( ! ,inspector ,g5]al ,act ( #aigh4 7f7 ,p]sonnel1 facilities1 & o!r res\rces 7#a7 ,additional (fic]s 7,a7 ,! ,special ,inspector ,g5]al may select1 appo9t1 & employ su* (fic]s & employees z may be necess>y = c>ry+ out ! duties ( ! ,special ,inspector ,g5]al1 subject to ! provisions ( title #e1 ,unit$ ,/ates ,code1 gov]n+ appo9tm5ts 9 ! competitive s]vice1 & ! provisions ( *apt] #ea & sub*apt] ,,iii ( *apt] #ec ( su* title1 relat+ to classification & ,g5]al ,s*$ule pay rates4 7,b7 ,! ,special ,inspector ,g5]al may ex]cise ! au?orities ( subsections 7b7 ?r\gh 7i7 ( section #cafa ( title #e1 ,unit$ ,/ates ,code 7)\t reg>d to subsection 7a7 ( t section74 7#b7 ,ret5tion ( s]vices ,! ,special ,inspector ,g5]al may obta9 s]vices z au?oriz$ by section #caji ( title #e1 ,unit$ ,/ates ,code1 at daily rates n to exce$ ! equival5t rate prescrib$ = grade ,,gs-#ae ( ! ,g5]al ,s*$ule by section #eccb ( su* title4 7#c7 ,ability to contract = audits1 /udies1 & o!r s]vices ,! ,special ,inspector ,g5]al may ent] into contracts & o!r arrangem5ts = audits1 /udies1 analyses1 & o!r s]vices ) public ag5cies & ) private p]sons1 & make su* paym5ts z may be necess>y to c>ry out ! duties ( ! ,special ,inspector ,g5]al4 7#d7 ,reque/ = in=mation 7,a7 ,9 g5]al ,^u reque/ ( ! ,special ,inspector ,g5]al = in=mation or assi/ance f any dep>tm5t1 ag5cy1 or o!r entity ( ! ,f$]al ,gov]nm5t1 ! head ( su* entity %all1 ins(> z is practicable & n 9 contrav5tion ( any exi/+ law1 furni% su* in=mation or assi/ance to ! ,special ,inspector ,g5]al1 or an au?oriz$ designee4 7,b7 ,refusal to comply ,:5ev] in=mation or assi/ance reque/$ by ! ,special ,inspector ,g5]al is1 9 ! judgm5t ( ! ,special ,inspector ,g5]al1 unreasonably refus$ or n provid$1 ! ,special ,inspector ,g5]al %all report ! circum/ances to ! ,secret>y ( ! ,treasury1 )\t delay4 7g7 ,reports 7#a7 ,annual report ,n lat] ?an #a ye> aft] ! confirmation ( ! ,special ,inspector ,g5]al1 & e cal5d> ye> !reaft]1 ! ,special ,inspector ,g5]al %all submit to ! ,presid5t a report summ>iz+ ! activities ( ! ,special ,inspector ,g5]al dur+ ! previ\s #a-ye> p]iod end+ on ! date ( su* report4 7#b7 ,public disclosures ,no?+ 9 ?is subsection %all be con/ru$ to au?orize ! public disclosure ( in=mation t is-- 7,a7 specifically prohibit$ f disclosure by any o!r provision ( law2 7,b7 specifically requir$ by ,executive ord] to be protect$ f disclosure 9 ! int]e/ ( national def5se or national security or 9 ! conduct ( =eign affairs2 or 7,c7 a "p ( an ongo+ crim9al inve/igation4 #bea4 ,o!r p]sonnel ,except z o!rwise provid$ 9 ! bylaws ( ,,aifa1 ! *ief executive (fic]1 9 consultation ) ! ,bo>d ( ,directors1 %all appo9t1 remove1 & def9e ! duties ( su* qualifi$ p]sonnel z are necess>y to c>ry out ! p[]s1 duties1 & purpose ( ,,aifa1 o!r ?an s5ior managem5t1 :o %all be appo9t$ 9 accordance ) section #bdi4 #beb4 ,compliance ,! provision ( assi/ance by ! ,bo>d ( ,directors pursuant to ?is ,act %all n be con/ru$ z sup]s$+ any provision ( ,/ate law or regulation o!rwise applicable to an infra/ructure project4 ,,ii ,t]ms & limitations on direct loans & loan gu>antees #bec4 ,eligibility crit]ia = assi/ance f ,,aifa & t]ms & limitations ( loans 7a7 ,9 g5]al ,any project ^: use or purpose is private & = :i* no public b5efit is creat$ %all n be eligible = f9ancial assi/ance f ,,aifa "u ?is ,act4 ,f9ancial assi/ance "u ?is ,act %all only be made available if ! applicant = su* assi/ance has demon/rat$ to ! satisfaction ( ! ,bo>d ( ,directors t ! infra/ructure project = :i* su* assi/ance is be+ s\ght-- 7#a7 is n = ! ref9anc+ ( an exi/+ infra/ructure project2 & 7#b7 meets-- 7,a7 any p]t95t requirem5ts set =? 9 ?is ,act2 7,b7 any crit]ia e/abli%$ by ! ,bo>d ( ,directors or *ief executive (fic] 9 accordance ) ?is ,act2 & 7,c7 ! def9ition ( a transportation infra/ructure project1 wat] infra/ructure project1 or en]gy infra/ructure project4 7b7 ,consid]ations ,! crit]ia e/abli%$ by ! ,bo>d ( ,directors pursuant to ?is ,act %all provide adequate consid]ation (-- 7#a7 ! economic1 f9ancial1 te*nical1 environm5tal1 & public b5efits & co/s ( ea* infra/ructure project "u consid]ation = f9ancial assi/ance "u ?is ,act1 prioritiz+ infra/ructure projects t-- 7,a7 contribute to regional or national economic gr[?2 7,b7 (f] value = money to ! ,gov]nm5t2 7,c7 demon/rate a cle> & significant public b5efit2 7,d7 lead to job creation2 & 7,e7 mitigate environm5tal conc]ns2 7#b7 ! means by :i* developm5t ( ! infra/ructure project "u consid]ation is be+ f9anc$1 includ+-- 7,a7 ! t]ms1 conditions1 & /ructure ( ! propos$ f9anc+2 7,b7 ! cr$it wor?9ess & /&+ ( ! project sponsors1 provid]s ( equity1 & c(9anci]s2 7,c7 ! f9ancial assumptions & projections on :i* ! infra/ructure project is bas$2 & 7,d7 :e!r !re is suffici5t ,/ate or municipal political support = ! successful completion ( ! infra/ructure project2 7#c7 ! likelihood t ! provision ( assi/ance by ,,aifa w cause su* developm5t to proce$ m promptly & ) l[] co/s ?an w\ld be ! case )\t su* assi/ance2 7#d7 ! ext5t to :i* ! provision ( assi/ance by ,,aifa maximizes ! level ( private inve/m5t 9 ! infra/ructure project or supports a public-private p>tn]%ip1 :ile provid+ a significant public b5efit2 7#e7 ! ext5t to :i* ! provision ( assi/ance by ,,aifa c mobilize ! p>ticipation ( o!r f9anc+ p>tn]s 9 ! infra/ructure project2 7#f7 ! te*nical & op]ational viability ( ! infra/ructure project2 7#g7 ! proportion ( f9ancial assi/ance f ,,aifa2 7#h7 ! geographic location ( ! project 9 an ef=t to h geographic div]sity ( projects fund$ by ,,aifa2 7#i7 ! size ( ! project & its impact on ! res\rces ( ,,aifa2 7#aj7 ! infra/ructure sector ( ! project1 9 an ef=t to h projects f m ?an "o sector fund$ by ,,aifa2 & 7#aa7 ,enc\rages use ( innovative procurem5t1 asset managem5t1 or f9anc+ to m9imize ! all-9-life-cycle co/1 & improve ! co/-effectiv5ess ( a project4 7c7 ,application 7#a7 ,9 g5]al ,any eligible entity seek+ assi/ance f ,,aifa "u ?is ,act = an eligible infra/ructure project %all submit an application to ,,aifa at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,bo>d ( ,directors or ! *ief executive (fic] may require4 7#b7 ,review ( applications ,,aifa %all review applications = assi/ance "u ?is ,act on an ongo+ basis4 ,! *ief executive (fic]1 work+ ) ! s5ior managem5t1 %all prep>e eligible infra/ructure projects = review & approval by ! ,bo>d ( ,directors4 7#c7 ,d$icat$ rev5ue s\rces ,! ,f$]al cr$it in/rum5t %all be repayable1 9 :ole or 9 "p1 f tolls1 us] fees1 or o!r d$icat$ rev5ue s\rces t also secure ! infra/ructure project obligations4 7d7 ,eligible infra/ructure project co/s 7#a7 ,9 g5]al ,except z provid$ 9 p>agraph 7#b71 to be eligible = assi/ance "u ?is ,act1 an infra/ructure project %all h project co/s t are reasonably anticipat$ to equal or exce$ #ajj1jjj1jjj4 7#b7 ,rural infra/ructure projects ,to be eligible = assi/ance "u ?is ,act a rural infra/ructure project %all h project co/s t are reasonably anticipat$ to equal or exce$ #be1jjj1jjj4 7e7 ,loan eligibility & maximum am\nts 7#a7 ,9 g5]al ,! am\nt ( a direct loan or loan gu>antee "u ?is ,act %all n exce$ ! less] ( #ej p]c5t ( ! reasonably anticipat$ eligible infra/ructure project co/s or1 if ! direct loan or loan gu>antee does n receive an inve/m5t grade rat+1 ! am\nt ( ! s5ior project obligations4 7#b7 ,maximum annual loan & loan gu>antee volume ,! aggregate am\nt ( direct loans & loan gu>antees made by ,,aifa 9 any s+le fiscal ye> may n exce$-- 7,a7 dur+ ! fir/ #b fiscal ye>s ( ! op]ations ( ,,aifa1 #aj1jjj1jjj1jjj2 7,b7 dur+ fiscal ye>s #c ?r\gh #i ( ! op]ations ( ,,aifa1 #bj1jjj1jjj1jjj2 or 7,c7 dur+ any fiscal ye> !reaft]1 #ej1jjj1jjj1jjj4 7f7 ,/ate & local p]mits requir$ ,! provision ( assi/ance by ! ,bo>d ( ,directors pursuant to ?is ,act %all n be deem$ to relieve any recipi5t ( su* assi/ance1 or ! relat$ infra/ructure project1 ( any obligation to obta9 requir$ ,/ate & local p]mits & approvals4 7g7 ,employee protections ,z a condition = ! provision ( f9ancial assi/ance by ! ,bo>d ( ,directors pursuant to ?is ,act1 ! int]e/s ( employees affect$ by ! f9ancial assi/ance %all be protect$ "u arrangem5ts ! ,secret>y ( ,labor concludes are fair & equitable 9 accordance ) section #eccc7;b77#b7 ( title #di1 ,unit$ ,/ates ,code4 #bed4 ,loan t]ms & repaym5t 7a7 ,9 g5]al ,a direct loan or loan gu>antee "u ?is ,act ) respect to an eligible infra/ructure project %all be on su* t]ms1 subject to su* conditions1 & conta9 su* cov5ants1 repres5tations1 w>ranties1 & requirem5ts 7includ+ requirem5ts = audits7 z ! *ief executive (fic] det]m9es appropriate4 7b7 ,t]ms ,a direct loan or loan gu>antee "u ?is ,act-- 7#a7 %all-- 7,a7 be payable1 9 :ole or 9 "p1 f tolls1 us] fees1 or o!r d$icat$ rev5ue s\rces t also secure ! s5ior project obligations 7su* z availability paym5ts & d$icat$ ,/ate or local rev5ues72 & 7,b7 include a rate cov5ant1 cov]age requirem5t1 or simil> security feature support+ ! project obligations2 & 7#b7 may h a li5 on rev5ues describ$ 9 p>agraph 7#a71 subject to any li5 secur+ project obligations4 7c7 ,base int]e/ rate ,! base int]e/ rate on a direct loan "u ?is ,act %all be n less ?an ! yield on ,unit$ ,/ates ,treasury obligations ( a simil> maturity to ! maturity ( ! direct loan4 7d7 ,risk assessm5t ,be=e ent]+ into an agreem5t = assi/ance "u ?is ,act1 ! *ief executive (fic]1 9 consultation ) ! ,director ( ! ,(fice ( ,managem5t & ,budget & consid]+ rat+ ag5cy prelim9>y or f9al rat+ op9ion lett]s ( ! project "u ?is section1 %all e/imate an appropriate ,f$]al cr$it subsidy am\nt = ea* direct loan & loan gu>antee1 tak+ into acc\nt su* lett]1 z well z any comp>able m>ket rates available = su* a loan or loan gu>antee1 %\ld any exi/4 ,! f9al cr$it subsidy co/ = ea* loan & loan gu>antee %all be det]m9$ consi/5t ) ! ,f$]al ,cr$it ,re=m ,act1 #b ,u4,s4,c4 #ffa;a1 et seq4 7e7 ,cr$it fee 7#a7 ,9 g5]al ,) respect to ea* agreem5t = assi/ance "u ?is ,act1 ! *ief executive (fic] may *>ge a cr$it fee to ! recipi5t ( su* assi/ance to pay =1 ov] "t1 all or a portion ( ! ,f$]al cr$it subsidy det]m9$ "u subsection 7d71 ) ! rema9d] paid by ! acc\nt e/abli%$ = ,,aifa4 7#b7 ,treatm5t ( s\rce ( fees ,! s\rce ( fees paid "u ?is section %all n be a loan or debt obligation gu>ante$ by ! ,f$]al ,gov]nm5t4 7#c7 ,cr$it fee on a direct loan ,9 ! case ( a direct loan1 su* cr$it fee %all be 9 addition to ! base int]e/ rate e/abli%$ "u subsection 7c74 7f7 ,maturity date ,! f9al maturity date ( a direct loan or loan gu>ante$ by ,,aifa "u ?is ,act %all be n lat] ?an #ce ye>s aft] ! date ( sub/antial completion ( ! infra/ructure project1 z det]m9$ by ! *ief executive (fic]4 7g7 ,rat+ op9ion lett] 7#a7 ,9 g5]al ,! *ief executive (fic] %all require ea* applicant = assi/ance "u ?is ,act to provide a rat+ op9ion lett] f at lea/ #a rat+s ag5cy1 indicat+ t ! s5ior obligations ( ! infra/ructure project1 :i* may be ! ,f$]al cr$it in/rum5t1 h ! pot5tial to a*ieve an inve/m5t-grade rat+4 7#b7 ,rural infra/ructure projects ,) respect to a rural infra/ructure project1 a rat+ ag5cy op9ion lett] describ$ 9 p>agraph 7#a7 %all n be requir$1 except t ! loan or loan gu>antee %all receive an int]nal rat+ score1 us+ me?ods simil> to ! rat+s ag5cies g5]at$ by ,,aifa1 measur+ ! propos$ direct loan or loan gu>antee aga9/ comp>able direct loans or loan gu>antees ( simil> cr$it quality 9 a simil> sector4 7h7 ,inve/m5t-,grade ,rat+ ,requirem5t 7#a7 ,loans & loan gu>antees ,! execution ( a direct loan or loan gu>antee "u ?is ,act %all be cont+5t on ! s5ior obligations ( ! infra/ructure project receiv+ an inve/m5t-grade rat+4 7#b7 ,rat+ ( ,,aifa ov]all portfolio ,! av]age rat+ ( ! ov]all portfolio ( ,,aifa %all be n less ?an inve/m5t grade aft] #e ye>s ( op]ation4 7i7 ,t]ms & repaym5t ( direct loans 7#a7 ,s*$ule ,! *ief executive (fic] %all e/abli% a repaym5t s*$ule = ea* direct loan "u ?is ,act1 bas$ on ! project$ ca% fl[ f infra/ructure project rev5ues & o!r repaym5t s\rces4 7#b7 ,comm5cem5t ,s*$ul$ loan repaym5ts ( pr9cipal or int]e/ on a direct loan "u ?is ,act %all comm5ce n lat] ?an #e ye>s aft] ! date ( sub/antial completion ( ! infra/ructure project1 z det]m9$ by ! *ief executive (fic] ( ,,aifa4 7#c7 ,def]r$ paym5ts ( direct loans 7,a7 ,au?orization ,if1 at any "t aft] ! date ( sub/antial completion ( an infra/ructure project assi/$ "u ?is ,act1 ! infra/ructure project is unable to g5]ate suffici5t rev5ues to pay ! s*$ul$ loan repaym5ts ( pr9cipal & int]e/ on ! direct loan "u ?is ,act1 ! *ief executive (fic] may all[ ! obligor to add unpaid pr9cipal & int]e/ to ! out/&+ balance ( ! direct loan1 if ! result w\ld b5efit ! ,gov]nm5t4 7,b7 ,int]e/ ,any paym5t def]r$ "u subp>agraph 7,a7 %all-- 7i7 cont9ue to accrue int]e/1 9 accordance ) ! t]ms ( ! obligation1 until fully repaid2 & 7ii7 be s*$ul$ to be amortiz$ ov] ! rema9+ t]m ( ! loan4 7,c7 ,crit]ia 7i7 ,9 g5]al ,any paym5t def]ral "u subp>agraph 7,a7 %all be cont+5t on ! infra/ructure project meet+ crit]ia e/abli%$ by ! ,bo>d ( ,directors4 7ii7 ,repaym5t /&>ds ,! crit]ia e/abli%$ "u clause 7i7 %all include /&>ds = reasonable assurance ( repaym5t4 7#d7 ,prepaym5t ( direct loans 7,a7 ,use ( excess rev5ues ,any excess rev5ues t rema9 aft] satisfy+ s*$ul$ debt s]vice requirem5ts on ! infra/ructure project obligations & direct loan & all deposit requirem5ts "u ! t]ms ( any tru/ agreem5t1 bond resolution1 or simil> agreem5t secur+ project obligations "u ?is ,act may be appli$ annually to prepay ! direct loan1 )\t p5alty4 7,b7 ,use ( proce$s ( ref9anc+ ,a direct loan "u ?is ,act may be prepaid at any "t1 )\t p5alty1 f ! proce$s ( ref9anc+ f non-,f$]al fund+ s\rces4 7#e7 ,sale ( direct loans 7,a7 ,9 g5]al ,z soon z is practicable aft] sub/antial completion ( an infra/ructure project assi/$ "u ?is ,act1 & aft] notify+ ! obligor1 ! *ief executive (fic] may sell to ano!r entity1 or re(f] into ! capital m>kets1 a direct loan = ! infra/ructure project1 if ! *ief executive (fic] det]m9es t ! sale or re(f]+ c be made on favorable t]ms = ! ,gov]nm5t4 7,b7 ,cons5t ( obligor ,9 mak+ a sale or re(f]+ "u subp>agraph 7,a71 ! *ief executive (fic] may n *ange ! orig9al t]ms & conditions ( ! direct loan1 )\t ! writt5 cons5t ( ! obligor4 7j7 ,loan gu>antees 7#a7 ,t]ms ,! t]ms ( a loan gu>ante$ by ,,aifa "u ?is ,act %all be consi/5t ) ! t]ms set =? 9 ?is section = a direct loan1 except t ! rate on ! gu>ante$ loan & any paym5t1 pre-paym5t1 or ref9anc+ features %all be negotiat$ betwe5 ! obligor & ! l5d]1 ) ! cons5t ( ! *ief executive (fic]4 7#b7 ,gu>ante$ l5d] ,a gu>ante$ l5d] %all be limit$ to ^? l5d]s meet+ ! def9ition ( t t]m 9 section #fja7;a7 ( title #bc1 ,unit$ ,/ates ,code4 7k7 ,compliance ) ,,fcra2 9 g5]al ,direct loans & loan gu>antees au?oriz$ by ?is ,act %all be subject to ! provisions ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij 7#b ,u4,s4,c4 #ffa et seq474 #bee4 ,compliance & en=cem5t 7a7 ,cr$it agreem5t ,not)/&+ any o!r provision ( law1 ea* eligible entity t receives assi/ance "u ?is ,act f ,,aifa %all ent] into a cr$it agreem5t t requires su* entity to comply ) all applicable policies & proc$ures ( ,,aifa1 9 addition to all o!r provisions ( ! loan agreem5t4 7b7 ,,aifa au?ority on noncompliance ,9 any case 9 :i* a recipi5t ( assi/ance "u ?is ,act is mat]ially out ( compliance ) ! loan agreem5t1 or any applicable policy or proc$ure ( ,,aifa1 ! ,bo>d ( ,directors may take action to cancel unutiliz$ loan am\nts1 or to accel]ate ! repaym5t t]ms ( any out/&+ obligation4 7c7 ,con/ruction ,no?+ 9 ?is ,act is int5d$ to affect exi/+ provisions ( law applicable to ! plann+1 developm5t1 con/ruction1 or op]ation ( projects fund$ "u ! ,act4 #bef4 ,audits2 reports to ! ,presid5t & ,congress 7a7 ,acc\nt+ ,! books ( acc\nt ( ,,aifa %all be ma9ta9$ 9 accordance ) g5]ally accept$ acc\nt+ pr9ciples1 & %all be subject to an annual audit by indep5d5t public acc\ntants ( nationally recogniz$ /&+ appo9t$ by ! ,bo>d ( ,directors4 7b7 ,reports 7#a7 ,bo>d ( directors ,n lat] ?an #ij days aft] ! la/ day ( ea* fiscal ye>1 ! ,bo>d ( ,directors %all submit to ! ,presid5t & ,congress a complete & detail$ report ) respect to ! prec$+ fiscal ye>1 sett+ =?-- 7,a7 a summ>y ( ! op]ations ( ,,aifa1 = su* fiscal ye>2 7,b7 a s*$ule ( ! obligations ( ,,aifa & capital securities out/&+ at ! end ( su* fiscal ye>1 ) a /atem5t ( ! am\nts issu$ & r$eem$ or paid dur+ su* fiscal ye>2 7,c7 ! /atus ( infra/ructure projects receiv+ fund+ or o!r assi/ance pursuant to ?is ,act dur+ su* fiscal ye>1 includ+ all nonp]=m+ loans1 & includ+ disclosure ( all entities ) a developm5t1 own]%ip1 or op]ational int]e/ 9 su* infra/ructure projects2 7,d7 a description ( ! successes & *all5ges enc\nt]$ 9 l5d+ to rural communities1 includ+ ! role ( ! ,c5t] = ,excell5ce & ! ,(fice ( ,rural ,assi/ance e/abli%$ "u ?is ,act2 & 7,e7 an assessm5t ( ! risks ( ! portfolio ( ,,aifa1 prep>$ by an indep5d5t s\rce4 7#b7 ,,gao ,n lat] ?an #e ye>s aft] ! date ( enactm5t ( ?is ,act1 ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates %all conduct an evaluation (1 & %all submit to ,congress a report on1 activities ( ,,aifa = ! fiscal ye>s cov]$ by ! report t includes an assessm5t ( ! impact & b5efits ( ea* fund$ infra/ructure project1 includ+ a review ( h[ effectively ea* su* infra/ructure project accompli%$ ! goals prioritiz$ by ! infra/ructure project crit]ia ( ,,aifa4 7c7 ,books & records 7#a7 ,9 g5]al ,,aifa %all ma9ta9 adequate books & records to support ! f9ancial transactions ( ,,aifa1 ) a description ( f9ancial transactions & infra/ructure projects receiv+ fund+1 & ! am\nt ( fund+ = ea* su* project ma9ta9$ on a publically accessible database4 7#b7 ,audits by ! secret>y & gao ,! books & records ( ,,aifa %all at all times be op5 to inspection by ! ,secret>y ( ! ,treasury1 ! ,special ,inspector ,g5]al1 & ! ,comptroll] ,g5]al ( ! ,unit$ ,/ates4 ,,iii ,fund+ ( ,,aifa #beg4 ,adm9i/rative fees 7a7 ,9 g5]al ,9 addition to fees t may be collect$ "u section #bed7;e71 ! *ief executive (fic] %all e/abli% & collect fees f eligible fund+ recipi5ts ) respect to loans & loan gu>antees "u ?is ,act t-- 7#a7 are suffici5t to cov] all or a portion ( ! adm9i/rative co/s to ! ,f$]al ,gov]nm5t = ! op]ations ( ,,aifa1 includ+ ! co/s ( exp]t firms1 includ+ c\nsel 9 ! field ( municipal & project f9ance1 & f9ancial advisors to assi/ ) und]writ+1 cr$it analysis1 or o!r indep5d5t reviews1 z appropriate2 7#b7 may be 9 ! =m ( an application or transaction fee1 or o!r =m e/abli%$ by ! *ief executive (fic]2 & 7#c7 may be bas$ on ! risk premium associat$ ) ! loan or loan gu>antee1 tak+ into consid]ation-- 7,a7 ! price ( ,unit$ ,/ates ,treasury obligations ( a simil> maturity2 7,b7 prevail+ m>ket conditions2 7,c7 ! ability ( ! infra/ructure project to support ! loan or loan gu>antee2 & 7,d7 ! total am\nt ( ! loan or loan gu>antee4 7b7 ,availability ( am\nts ,am\nts collect$ "u subsections 7a77#a71 7a77#b77;a77#c7 %all be available )\t fur!r action1 & ! s\rce ( fees paid "u ?is section %all n be a loan or debt obligation gu>ante$ by ! ,f$]al ,gov]nm5t4 #beh4 ,effici5cy ( ,,aifa ,! *ief executive (fic] %all1 to ! ext5t possible1 take actions consi/5t ) ?is ,act to m9imize ! risk & co/ to ! ,gov]nm5t ( ,,aifa activities4 ,fees & premiums = loan gu>antee or insurance cov]age w be set at levels t m9imize adm9i/rative & ,f$]al cr$it subsidy co/s to ! ,gov]nm5t1 z def9$ 9 section #ejb ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij1 ( su* cov]age1 :ile support+ a*ievem5t ( ! program's objectives1 consi/5t ) policies z set =? 9 ! bus9ess plan4 #bei4 ,fund+ 7a7 ,9 g5]al ,!re is h]eby appropriat$ to ,,aifa to c>ry out ?is ,act1 = ! co/ ( direct loans & loan gu>antees subject to ! limitations "u section #bec1 & = adm9i/rative co/s1 #aj1jjj1jjj1jjj1 to rema9 available until exp5d$4 7b7 ,co/s def9$ ,su* co/s1 includ+ ! co/s ( modify+ su* loans1 %all be z def9$ 9 section #ejb ( ! ,f$]al ,cr$it ,re=m ,act ( #aiij4 7c7 ,adm9i/rative co/s ,( ! am\nts appropriat$ "u subsection 7a71 n m ?an #be1jjj1jjj = ea* ( fiscal ye>s #bjab ?r\gh #bjac1 & n m ?an #ej1jjj1jjj = fiscal ye> #bjad may be us$ = adm9i/rative co/s ( ,,aifa4 7d7 ,(fsets ( subsidy co/s ,n m ?an #e p]c5t ( su* am\nt may be us$ to (fset subsidy co/s associat$ ) rural projects4 ,,iv ,ext5sion ( exemption f alt]native m9imum tax treatm5t = c]ta9 tax-,exempt bonds #bfj4 ,ext5sion ( exemption f alt]native m9imum tax treatm5t = c]ta9 tax-exempt bonds 7a7 ,9 g5]al ,clause 7vi7 ( section #eg7;a77#e77;,c7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by /rik+ ,janu>y #a1 #bjaa 9 subclause 7,i7 & ins]t+ ,janu>y #a1 #bjae2 & 7#b7 by /rik+ 9 #bjji & #bjaj 9 ! head+ & ins]t+ dur+ ! p]iod #bjji ?r\gh #bjad4 7b7 ,adju/$ curr5t e>n+s ,clause 7iv7 ( section #ef7;g77#d77;,b7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$-- 7#a7 by /rik+ ,janu>y #a1 #bjaa 9 subclause 7,i7 & ins]t+ ,janu>y #a1 #bjae2 & 7#b7 by /rik+ 9 #bjji & #bjaj 9 ! head+ & ins]t+ dur+ ! p]iod #bjji ?r\gh #bjad4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to obligations issu$ aft] ,decemb] #ca1 #bjaj4 ,f ,project rebuild #bfa4 ,project rebuild 7a7 ,direct appropriations ,!re is appropriat$1 out ( any money 9 ! ,treasury n o!rwise appropriat$1 #ae1jjj1jjj1jjj1 to rema9 available until ,septemb] #cj1 #bjaf1 = assi/ance to eligible entities includ+ ,/ates & units ( g5]al local gov]nm5t 7z su* t]ms are def9$ 9 section #ajb ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecjb771 & qualifi$ nonpr(it organizations1 bus9esses or consortia ( eligible entities = ! r$evelopm5t ( ab&on$ & =eclos$-^u prop]ties & = ! /abilization ( affect$ neighborhoods4 7b7 ,allocation ( appropriat$ am\nts 7#a7 ,9 g5]al ,( ! am\nts appropriat$1 two ?irds %all be allocat$ to ,/ates & units ( g5]al local gov]nm5t bas$ on a fund+ =mula e/abli%$ by ! ,secret>y ( ,h\s+ & ,urban ,developm5t 79 ?is subtitle ref]r$ to z ! ,secret>y74 ,( ! am\nts appropriat$1 "o ?ird %all be di/ribut$ competitively to eligible entities4 7#b7 ,=mula to be devis$ swiftly ,! fund+ =mula requir$ "u p>agraph 7#a7 %all be e/abli%$ & ! ,secret>y %all ann\nce =mula fund+ allocations1 n lat] ?an #cj days aft] ! date ( enactm5t ( ?is section4 7#c7 ,=mula crit]ia ,! ,secret>y may e/abli% a m9imum grant size1 & ! fund+ =mula requir$ "u p>agraph 7#a7 %all ensure t any am\nts appropriat$ or o!rwise made available "u ?is section are allocat$ to ,/ates & units ( g5]al local gov]nm5t ) ! greate/ ne$1 z su* ne$ is det]m9$ 9 ! discretion ( ! ,secret>y bas$ on-- 7,a7 ! numb] & p]c5tage ( home =eclosures 9 ea* ,/ate or unit ( g5]al local gov]nm5t2 7,b7 ! numb] & p]c5tage ( homes 9 default or del9qu5cy 9 ea* ,/ate or unit ( g5]al local gov]nm5t2 & 7,c7 o!r factors su* z e/abli%$ program designs1 grantee capacity & p]=mance1 numb] & p]c5tage ( comm]cial =eclosures1 ov]all economic conditions1 & o!r m>ket ne$s data1 z det]m9$ by ! ,secret>y4 7#d7 ,competition crit]ia 7,a7 ,= ! funds di/ribut$ competitively1 eligible entities %all be ,/ates1 units ( g5]al local gov]nm5t1 nonpr(it entities1 =-pr(it entities1 & consortia ( eligible entities t demon/rate capacity to use fund+ )9 ! p]iod ( ?is program4 7,b7 ,9 select+ grantees1 ! ,secret>y %all ensure t grantees are 9 areas ) ! greate/ numb] & p]c5tage ( resid5tial & comm]cial =eclosures & o!r m>ket ne$s data1 z det]m9$ by ! ,secret>y4 ,additional aw>d crit]ia %all include demon/rat$ grantee capacity to execute projects involv+ acquisition & rehabilitation or r$evelopm5t ( =eclos$ resid5tial & comm]cial prop]ty & neighborhood /abilization1 lev]age1 k ( m>ket conditions & ( effective /abilization activities to address id5tifi$ conditions1 & any additional factors det]m9$ by ! ,secret>y4 7,c7 ,! ,secret>y may e/abli% a m9imum grant size4 7,d7 ,! ,secret>y %all publi% competition crit]ia = any grants aw>d$ "u ?is head+ n lat] ?an #fj days aft] appropriation ( funds1 & applications %all be due to ! ,secret>y )9 #abj days4 7c7 ,use ( funds 7#a7 ,obligation & exp5diture ,! ,secret>y %all obligate all fund+ )9 #aej days ( enactm5t ( ?is ,act4 ,any eligible entity t receives am\nts pursuant to ?is section %all exp5d all funds allocat$ to x )9 ?ree ye>s ( ! date ! funds become available to ! grantee = obligation4 ,fur!rmore1 ! ,secret>y %all by ,notice e/abli% int]m$iate exp5diture b5*m>ks at ! "o & two ye> dates f ! date ! funds become available to ! grantee = obligation4 7#b7 ,priorities 7,a7 ,job creation ,ea* grantee or eligible entity %all describe h[ its propos$ use ( funds w prioritize job creation1 & secondly1 w address goals to /abilize neighborhoods1 rev]se vacancy1 or increase or /abilize resid5tial & comm]cial prop]ty values4 7,b7 ,t>get+ ,any ,/ate or unit ( g5]al local gov]nm5t t receives =mula am\nts pursuant to ?is section %all1 9 di/ribut+ & t>get+ su* am\nts give priority emphasis & consid]ation to ^? metropolitan areas1 metropolitan cities1 urban areas1 rural areas1 l[- & mod]ate-income areas1 & o!r areas ) ! greate/ ne$1 includ+ ^?-- 7i7 ) ! greate/ p]c5tage ( home =eclosures2 7ii7 id5tifi$ z likely to face a significant rise 9 ! rate ( resid5tial or comm]cial =eclosures2 & 7iii7 ) high] ?an national av]age unemploym5t rate4 7,c7 ,lev]age ,ea* grantee or eligible entity %all describe h[ its propos$ use ( funds w lev]age private funds4 7#c7 ,eligible uses ,am\nts made available "u ?is section may be us$ to-- 7,a7 e/abli% f9anc+ me*anisms = ! pur*ase & r$evelopm5t ( ab&on$ & =eclos$-^u prop]ties1 includ+ su* me*anisms z s(t-seconds1 loan loss res]ves1 & %>$-equity loans = l[- & mod]ate-income homebuy]s2 7,b7 pur*ase & rehabilitate prop]ties t h be5 ab&on$ or =eclos$ ^u1 9 ord] to sell1 r5t1 or r$evelop su* prop]ties2 7,c7 e/abli% & op]ate l& banks = prop]ties t h be5 ab&on$ or =eclos$ ^u2 7,d7 demoli% blight$ /ructures2 7,e7 r$evelop ab&on$1 =eclos$1 demoli%$1 or vacant prop]ties2 & 7,f7 engage 9 o!r activities1 z det]m9$ by ! ,secret>y ?r\gh notice1 t are consi/5t ) ! goals ( creat+ jobs1 /abiliz+ neighborhoods1 rev]s+ vacancy r$uction1 & increas+ or /abiliz+ resid5tial & comm]cial prop]ty values4 7d7 ,limitations 7#a7 ,on pur*ases ,any pur*ase ( a prop]ty "u ?is section %all be at a price n to exce$ its curr5t m>ket value1 tak+ into acc\nt its curr5t condition4 7#b7 ,rehabilitation ,any rehabilitation ( an eligible prop]ty "u ?is section %all be to ! ext5t necess>y to comply ) applicable laws1 & o!r requirem5ts relat+ to safety1 quality1 m>ketability1 & habitability1 9 ord] to sell1 r5t1 or r$evelop su* prop]ties or provide a r5ewable en]gy s\rce or s\rces = su* prop]ties4 7#c7 ,sale ( homes ,if an ab&on$ or =eclos$-^u home is pur*as$1 r$evelop$1 or o!rwise sold to an individual z a prim>y resid5ce1 !n su* sale %all be 9 an am\nt equal to or less ?an ! co/ to acquire & r$evelop or rehabilitate su* home or prop]ty up to a dec5t1 safe1 m>ketable1 & habitable condition4 7#d7 ,on demolition ( public h\s+ ,public h\s+1 z def9$ at section #c7;b77#f7 ( ! ,unit$ ,/ates ,h\s+ ,act ( #aicg1 may n be demoli%$ ) funds "u ?is section4 7#e7 ,on demolition activities ,no m ?an #aj p]c5t ( any grant made "u ?is section may be us$ = demolition activities unless ! ,secret>y det]m9es t su* use repres5ts an appropriate response to local m>ket conditions4 7#f7 ,on use ( funds = non-resid5tial prop]ty ,no m ?an #cj p]c5t ( any grant made "u ?is section may be us$ = eligible activities "u subp>agraphs 7,a71 7,b71 & 7,e7 ( subsection 7c77#c7 t w n result 9 resid5tial use ( ! prop]ty involv$ unless ! ,secret>y det]m9es t su* use repres5ts an appropriate response to local m>ket conditions4 7e7 ,rules ( con/ruction 7#a7 ,9 g5]al ,except z o!rwise provid$ by ?is section1 am\nts appropriat$1 rev5ues g5]at$1 or am\nts o!rwise made available to eligible entities "u ?is section %all be treat$ z ?\gh su* funds 7 community developm5t block grant funds "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd 7#db ,u4,s4,c4 #ecja et seq474 7#b7 ,no mat* ,no mat*+ funds %all be requir$ 9 ord] = an eligible entity to receive any am\nts "u ?is section4 7#c7 ,t5ant protections ,an eligible entity receiv+ a grant "u ?is section %all comply ) ! #ad?1 #ag?1 #ah?1 #ai?1 #bj?1 #ba/1 #bbnd1 & #bcrd provisos "u ! head+ ,dep>tm5t ( ,h\s+ & ,urban ,developm5t--,community ,plann+ & ,developm5t--,community ,developm5t ,fund 9 title ,,xii ( division ,a ( ! ,am]ican ,recov]y & ,re9ve/m5t ,act ( #bjji;,am]ican ,recov]y & ,re9ve/m5t ,act ( #bjji 7,public ,law #aaa-e1 #abc ,/at4 #bah-ai71 z am5d$ by section #adig7;b77#b7 ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7,public ,law #aaa-bjc1 #abd ,/at4 #bbaa74 7#d7 ,vic9ity hir+ ,an eligible entity receiv+ a grant "u ?is section %all comply ) section #adig7;a77#h7 ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7,public ,law #aaa-bjc1 #abi ,/at4 #bbaj74 7f7 ,au?ority ,to specify alt]native requirem5ts 7#a7 ,9 g5]al ,9 adm9i/]+ ! program "u ?is section1 ! ,secret>y may specify alt]native requirem5ts to any provision "u title ,i ( ! ,h\s+ & ,community ,developm5t ,act ( #aigd or "u title ,i ( ! ,cran/on-,gonzalez ,national ,af=dable ,h\s+ ,act ( #aiij 7except = ^? provisions 9 ^! laws relat$ to fair h\s+1 nondiscrim9ation1 labor /&>ds1 & ! environm5t7 = ! purpose ( exp$it+ & facilitat+ ! use ( funds "u ?is section4 7#b7 ,notice ,! ,secret>y %all provide writt5 notice ( int5t to ! public via int]net to ex]cise ! au?ority to specify alt]native requirem5ts "u p>agraph4 7#c7 ,l[ & mod]ate income requirem5t 7,a7 ,9 g5]al ,not)/&+ ! au?ority ( ! ,secret>y "u p>agraph 7#a7-- 7i7 all ( ! =mula & competitive grantee funds appropriat$ or o!rwise made available "u ?is section %all be us$ ) respect to individuals & families ^: income does n exce$ #abj p]c5t ( area m$ian income2 & 7ii7 n less ?an #be p]c5t ( ! =mula & competitive grantee funds appropriat$ or o!rwise made available "u ?is section %all be us$ = ! pur*ase & r$evelopm5t ( eligible prop]ties t w be us$ to h\se individuals or families ^: incomes d n exce$ #ej p]c5t ( area m$ian income4 7,b7 ,recurr5t requirem5t ,! ,secret>y %all1 by rule or ord]1 ensure1 to ! maximum ext5t practicable & = ! longe/ feasible t]m1 t ! sale1 r5tal1 or r$evelopm5t ( ab&on$ & =eclos$-^u homes & resid5tial prop]ties "u ?is section rema9 af=dable to individuals or families describ$ 9 subp>agraph 7,a74 7g7 ,nationwide di/ribution ( res\rces ,not)/&+ any o!r provision ( ?is section or ! am5dm5ts made by ?is section1 ea* ,/ate %all receive n less ?an #bj1jjj1jjj ( =mula funds4 7h7 ,limitation on use ( funds ) respect to em95t doma9 ,no ,/ate or unit ( g5]al local gov]nm5t may use any am\nts receiv$ pursuant to ?is section to fund any project t seeks to use ! p[] ( em95t doma91 unless em95t doma9 is employ$ only = a public use1 :i* %all n be con/ru$ to include economic developm5t t prim>ily b5efits private entities4 7i7 ,limitation on di/ribution ( funds 7#a7 ,9 g5]al ,none ( ! funds made available "u ?is section %all be di/ribut$ to-- 7,a7 an organization :i* has be5 indict$ = a violation "u ,f$]al law relat+ to an election = ,f$]al (fice2 or 7,b7 an organization :i* employs applicable individuals4 7#b7 ,applicable individuals def9$ ,9 ?is section1 ! t]m applicable individual means an individual :o-- 7,a7 is-- 7i7 employ$ by ! organization 9 a p]man5t or tempor>y capacity2 7ii7 contract$ or reta9$ by ! organization2 or 7iii7 act+ on behalf (1 or ) ! express or app>5t au?ority (1 ! organization2 & 7,b7 has be5 indict$ = a violation "u ,f$]al law relat+ to an election = ,f$]al (fice4 7j7 ,r5tal h\s+ pref]5ces ,ea* ,/ate & local gov]nm5t receiv+ =mula am\nts %all e/abli% proc$ures to create pref]5ces = ! developm5t ( af=dable r5tal h\s+4 7k7 ,job creation ,if a grantee *ooses to use funds to create jobs by e/abli%+ & op]at+ a program to ma9ta9 eligible neighborhood prop]ties1 n m ?an #aj p]c5t ( any grant may be us$ = t purpose4 7l7 ,program support & capacity build+ ,! ,secret>y may use up to #j4ge p]c5t ( ! funds appropriat$ = capacity build+ ( & support = eligible entities & grantees und]tak+ neighborhood /abilization programs1 /aff+1 tra9+1 te*nical assi/ance1 te*nology1 monitor+1 travel1 en=cem5t1 rese>*1 & evaluation activities1 subject to ! foll[+ requirem5ts3 7#a7 ,funds set aside = ! purposes ( ?is subp>agraph %all rema9 available until ,septemb] #cj1 #bjah4 7#b7 ,any funds made available "u ?is subp>agraph & us$ by ! ,secret>y = p]sonnel exp5ses relat$ to adm9i/]+ fund+ "u ?is subp>agraph %all be transf]r$ to ,p]sonnel ,comp5sation & ,b5efits1 ,community ,plann+ & ,developm5t4 7#c7 ,any funds made available "u ?is subp>agraph & us$ by ! ,secret>y = tra9+ or o!r adm9i/rative exp5ses %all be transf]r$ to ,adm9i/ration1 ,op]ations1 & ,managem5t1 ,community ,plann+ & ,developm5t = non-p]sonnel exp5ses4 7#d7 ,any funds made available "u ?is subp>agraph & us$ by ! ,secret>y = te*nology %all be transf]r$ to ,work+ ,capital ,fund4 7m7 ,en=cem5t & prev5tion ( fraud & abuse ,! ,secret>y %all e/abli% & implem5t proc$ures to prev5t fraud & abuse ( funds "u ?is section1 & %all impose a requirem5t t grantees h an int]nal auditor to cont9u\sly monitor grantee p]=mance to prev5t fraud1 wa/e1 & abuse4 ,grantees %all provide ! ,secret>y & citiz5s ) qu>t]ly progress reports4 ,! ,secret>y %all recapture funds f =mula & competitive grantees t d n exp5d #ajj p]c5t ( allocat$ funds )9 #c ye>s ( ! date t funds become available1 & f und]p]=m+ or mismanag$ grantees1 & %all re-allocate ^? funds by =mula to t>get areas ) ! greate/ ne$1 z det]m9$ by ! ,secret>y ?r\gh notice4 ,! ,secret>y may take an alt]native sanctions action only ^u det]m9+ t su* action is necess>y to a*ieve program goals 9 a timely mann]4 7n7 ,con=mance ( policies & proc$ures ,! ,secret>y ( ,h\s+ & ,urban ,developm5t %all to ! ext5t feasible con=m policies & proc$ures = grants made "u ?is section to ! policies & practices already 9 place = ! grants made "u section #bcja ( ! ,h\s+ & ,economic ,recov]y ,act ( #bjjh 7#db ,u4,s4,c4 #ecja note72 title ,,xii ( division ,a ( ! ,am]ican ,recov]y & ,re9ve/m5t ,act ( #bjji 7,public ,law #aaa-e2 #abc ,/at4 #bjc72 or section #adig ( ! ,dodd-,frank ,wall ,/reet ,re=m & ,consum] ,protection ,act 7#db ,u4,s4,c4 #ecja note74 ,,iii ,assi/ance = ! unemploy$ & pa?ways back to "w ,a ,support+ unemploy$ work]s #cja4 ,%ort title ,?is subtitle may be cit$ z ! ,support+ ,unemploy$ ,work]s ,act ( #bjac4 ,i ,ext5sion ( em]g5cy unemploym5t comp5sation & c]ta9 ext5d$ b5efits provisions1 & e/abli%m5t ( self-,employm5t assi/ance program #caa4 ,ext5sion ( em]g5cy unemploym5t comp5sation program 7a7 ,9 g5]al ,section #djjg ( ! ,supplem5tal ,appropriations ,act1 #bjjh 7,public ,law #aaj-beb2 #bf ,u4,s4,c4 #ccjd note7 is am5d$ by /rik+ ,janu>y #a1 #bjad & ins]t+ ,janu>y #a1 #bjaf4 7b7 ,fund+ ,section #djjd7;e77#a7 ( ! ,supplem5tal ,appropriations ,act1 #bjjh 7,public ,law #aaj-beb2 #bf ,u4,s4,c4 #ccjd note7 is am5d$-- 7#a7 9 subp>agraph 7,i71 by /rik+ & at ! end2 7#b7 9 subp>agraph 7,j71 by ins]t+ & at ! end2 & 7#c7 by ins]t+ aft] subp>agraph 7,j7 ! foll[+3 7,k7 ! am5dm5ts made by section #caa7;a7 ( ! ,support+ ,unemploy$ ,work]s ,act ( #bjac2 & 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all take effect z if includ$ 9 ! enactm5t ( ! ,tax ,relief1 ,unemploym5t ,insurance ,reau?orization1 & ,job ,creation ,act ( #bjaj 7,public ,law #aaa-cab2 #bf ,u4,s4,c4 #ccjd note74 #cab4 ,tempor>y ext5sion ( ext5d$ b5efit provisions 7a7 ,9 g5]al ,section #bjje ( ! ,assi/ance = ,unemploy$ ,work]s & ,/ruggl+ ,families ,act1 z conta9$ 9 ,public ,law #aaa-e 7#bf ,u4,s4,c4 #ccjd note71 is am5d$-- 7#a7 by /rik+ ,decemb] #ca1 #bjac ea* place x appe>s & ins]t+ ,decemb] #ca1 #bjae2 & 7#b7 9 subsection 7c71 by /rik+ ,june #cj1 #bjad & ins]t+ ,june #cj1 #bjaf4 7b7 ,ext5sion ( mat*+ = /ates ) no wait+ week ,section #e ( ! ,unemploym5t ,comp5sation ,ext5sion ,act ( #bjjh 7,public ,law #aaj-ddi2 #bf ,u4,s4,c4 #ccjd note7 is am5d$ by /rik+ ,june #cj1 #bjad & ins]t+ ,june #cj1 #bjaf4 7c7 ,ext5sion ( modification ( indicators "u ! ext5d$ b5efit program ,section #bjc ( ! ,f$]al-,/ate ,ext5d$ ,unemploym5t ,comp5sation ,act ( #aigj 7#bf ,u4,s4,c4 #ccjd note7 is am5d$-- 7#a7 9 subsection 7d71 by /rik+ ,decemb] #ca1 #bjac & ins]t+ ,decemb] #ca1 #bjae2 & 7#b7 9 subsection 7f77#b71 by /rik+ ,decemb] #ca1 #bjac & ins]t+ ,decemb] #ca1 #bjae4 7d7 ,effective date ,! am5dm5ts made by ?is section %all take effect z if includ$ 9 ! enactm5t ( ! ,tax ,relief1 ,unemploym5t ,insurance ,reau?orization1 & ,job ,creation ,act ( #bjaj 7,public ,law #aaa-cab2 #bf ,u4,s4,c4 #ccjd note74 #cac4 ,additional ext5d$ unemploym5t b5efits "u ! ,railroad ,unemploym5t ,insurance ,act 7a7 ,ext5sion ,section #b7;c77#b77;,d77iii7 ( ! ,railroad ,unemploym5t ,insurance ,act 7#de ,u4,s4,c4 #ceb7;c77#b77;,d77iii77 is am5d$-- 7#a7 by /rik+ ,june #cj1 #bjac & ins]t+ ,june #cj1 #bjae2 & 7#b7 by /rik+ ,decemb] #ca1 #bjac & ins]t+ ,decemb] #ca1 #bjae4 7b7 ,cl>ification on au?ority ,to use funds ,funds appropriat$ "u ei!r ! fir/ or second s5t5ce ( clause 7iv7 ( section #b7;c77#b77;,d7 ( ! ,railroad ,unemploym5t ,insurance ,act 7#de ,u4,s4,c4 #ceb7;c77#b77;,d77 %all be available to cov] ! co/ ( additional ext5d$ unemploym5t b5efits provid$ "u su* section #b7;c77#b77;,d7 by reason ( ! am5dm5ts made by subsection 7a7 z well z to cov] ! co/ ( su* b5efits provid$ "u su* section #b7;c77#b77;,d71 z 9 effect on ! day be=e ! date ( ! enactm5t ( ?is ,act4 ,,ii ,reemploym5t ,,n[ program #cba4 ,e/abli%m5t ( reemploym5t ,,n[ program 7a7 ,9 g5]al ,!re is e/abli%$ ! ,reemploym5t ,,n[ program to be c>ri$ out by ! ,secret>y ( ,labor 9 accordance ) ?is "p 9 ord] to facilitate ! reemploym5t ( individuals :o are receiv+ em]g5cy unemploym5t comp5sation "u title ,,iv ( ! ,supplem5tal ,appropriations ,act1 #bjjh 7,public ,law #aaj-beb2 #bf ,u4,s4,c4 #ccjd note7 7h]eaft] 9 ?is "p ref]r$ to z ,,euc claimants74 7b7 ,au?orization & appropriation ,!re are au?oriz$ to be appropriat$ #d1jjj1jjj1jjj = fiscal ye> #bjad to c>ry out ! ,reemploym5t ,,n[ program "u ?is "p4 #cbb4 ,di/ribution ( funds 7a7 ,9 g5]al ,( ! am\nt made available "u section #cba7;b7 to c>ry out ?is "p1 ! ,secret>y ( ,labor %all-- 7#a7 res]ve up to #a p]c5t = ! co/s ( ,f$]al adm9i/ration & = c>ry+ out rigor\s evaluations ( ! activities conduct$ "u ?is "p2 & 7#b7 allot ! rema9d] ( ! funds n res]v$ "u p>agraph 7#a7 9 accordance ) ! requirem5ts ( subsection 7b7 & 7c7 to ,/ates t h approv$ plans "u section #cbc4 7b7 ,allotm5t =mula 7#a7 ,=mula factors ,! ,secret>y ( ,labor %all allot ! funds available "u subsection 7a77#b7 z foll[s-- 7,a7 two-?irds ( su* funds %all be allott$ on ! basis ( ! relative numb] ( unemploy$ individuals 9 ea* ,/ate1 comp>$ to ! total numb] ( unemploy$ individuals 9 all ,/ates2 & 7,b7 "o-?ird ( su* funds %all be allott$ on ! basis ( ! relative numb] ( individuals 9 ea* ,/ate :o h be5 unemploy$ = #bg weeks or m1 comp>$ to ! total numb] ( individuals 9 all ,/ates :o h be5 unemploy$ = #bg weeks or m4 7#b7 ,calculation ,= purposes ( p>agraph 7#a71 ! numb] ( unemploy$ individuals & ! numb] ( individuals unemploy$ = #bg weeks or m %all be bas$ on ! data = ! mo/ rec5t #ab-mon? p]iod1 z det]m9$ by ! ,secret>y4 7c7 ,reallotm5t 7#a7 ,failure to submit /ate plan ,if a ,/ate does n submit a ,/ate plan by ! "t specifi$ 9 section #cbc7;b71 or a ,/ate does n receive approval ( a ,/ate plan1 ! am\nt ! ,/ate w\ld h be5 eligible to receive pursuant to ! =mula "u subsection 7b7 %all be allott$ to ,/ates t receive approval ( ! ,/ate plan "u section #cbc 9 accordance ) ! relative allotm5ts ( su* ,/ates z det]m9$ by ! ,secret>y "u subsection 7b74 7#b7 ,failure to implem5t activities on a timely basis ,! ,secret>y ( ,labor may1 9 accordance ) proc$ures & crit]ia e/abli%$ by ! ,secret>y1 recapture ! portion ( ! ,/ate allotm5t "u ?is "p t rema9s unobligat$ if ! ,secret>y det]m9es su* funds are n be+ obligat$ at a rate suffici5t to meet ! purposes ( ?is "p4 ,! ,secret>y %all reallot su* recaptur$ funds to o!r ,/ates t are n subject to recapture 9 accordance ) ! relative %>e ( ! allotm5ts ( su* ,/ates z det]m9$ by ! ,secret>y "u subsection 7b74 7#c7 ,recapture ( funds ,funds recaptur$ "u p>agraph 7#b7 %all be available = reobligation n lat] ?an ,decemb] #ca1 #bjae4 #cbc4 ,/ate plan 7a7 ,9 g5]al ,= a ,/ate to be eligible to receive an allotm5t "u section #cbb1 a ,/ate %all submit to ! ,secret>y ( ,labor a ,/ate plan 9 su* =m & conta9+ su* in=mation z ! ,secret>y may require1 :i* at a m9imum %all include-- 7#a7 a description ( ! activities to be c>ri$ out by ! ,/ate to assi/ 9 ! reemploym5t ( eligible individuals to be s]v$ 9 accordance ) ?is "p1 includ+ :i* ( ! activities au?oriz$ 9 sections #cbd-cbh ! ,/ate int5ds to c>ry out & an e/imate ( ! am\nts ! ,/ate int5ds to allocate to ! activities1 respectively2 7#b7 a description ( ! p]=mance outcomes to be a*iev$ by ! ,/ate ?r\gh ! activities c>ri$ out "u ?is "p1 includ+ ! employm5t outcomes to be a*iev$ by p>ticipants & ! processes ! ,/ate w use to track p]=mance1 consi/5t ) guidance provid$ by ! ,secret>y ( ,labor reg>d+ su* outcomes & processes2 7#c7 a description ( coord9ation ( activities to be c>ri$ out "u ?is "p ) activities "u title ,i ( ! ,work=ce ,inve/m5t ,act ( #aiih1 ! ,wagn]-,peys] ,act1 & o!r appropriate ,f$]al programs2 7#d7 ! timel9es = implem5tation ( ! activities describ$ 9 ! plan & ! numb] ( ,,euc claimants expect$ to be enroll$ 9 su* activities by qu>t]2 7#e7 assurances t ! ,/ate w p>ticipate 9 ! evaluation activities c>ri$ out by ! ,secret>y ( ,labor "u ?is section2 7#f7 assurances t ! ,/ate w provide appropriate reemploym5t s]vices1 includ+ c\nsel+1 to any ,,euc claimant :o p>ticipates 9 any ( ! programs au?oriz$ "u ?is "p2 & 7#g7 assurances t ! ,/ate w report su* in=mation z ! ,secret>y may require relat+ to fiscal1 p]=mance & o!r matt]s1 includ+ employm5t outcomes & effects1 :i* ! ,secret>y det]m9es are necess>y to effectively monitor ! activities c>ri$ out "u ?is "p4 7b7 ,plan submission & approval ,a ,/ate plan "u ?is section %all be submitt$ to ! ,secret>y ( ,labor = approval n lat] ?an #cj days aft] ! ,secret>y issues guidance relat+ to submission ( su* plan4 ,! ,secret>y %all approve su* plans if ! ,secret>y det]m9es t ! plans meet ! requirem5ts ( ?is "p & are appropriate & adequate to c>ry out ! purposes ( ?is "p4 7c7 ,plan modifications ,a ,/ate may submit modifications to a ,/ate plan t has be5 approv$ "u ?is "p1 & ! ,secret>y ( ,labor may approve su* modifications1 if ! plan z modifi$ w\ld meet ! requirem5ts ( ?is "p & are appropriate & adequate to c>ry out ! purposes ( ?is "p4 #cbd4 ,bridge to "w program 7a7 ,9 g5]al ,a ,/ate may use funds allott$ to ! ,/ate "u ?is "p to e/abli% & adm9i/] a ,bridge to ,"w program describ$ 9 ?is section4 7b7 ,description ( program ,9 ord] to increase individuals' opportunities to move to p]man5t employm5t1 a ,/ate may e/abli% a ,bridge to ,"w program to provide an ,,euc claimant ) %ort-t]m "w exp]i5ce placem5ts ) an eligible employ]1 dur+ :i* "t su* individual-- 7#a7 %all be paid em]g5cy unemploym5t comp5sation payable "u title ,,iv ( ! ,supplem5tal ,appropriations ,act1 #bjjh 7,public ,law #aaj-beb2 #bf ,u4,s4,c4 #ccjd note71 z wages = "w p]=m$1 & z specifi$ 9 subsection 7c72 7#b7 %all be paid ! additional am\nt describ$ 9 subsection 7e7 z augm5t$ wages = "w p]=m$2 & 7#c7 may be paid comp5sation 9 addition to ! am\nts describ$ 9 p>agraphs 7#a7 & 7#b7 by a ,/ate or by a p>ticipat+ employ] z wages = "w p]=m$4 7c7 ,program eligibility & o!r requirem5ts ,= purposes ( ?is program-- 7#a7 individuals :o1 except = ! requirem5ts describ$ 9 p>agraph 7#c71 are eligible to receive em]g5cy unemploym5t comp5sation paym5ts "u title ,,iv ( ! ,supplem5tal ,appropriations ,act1 #bjjh 7,public ,law #aaj-beb2 #bf ,u4,s4,c4 #ccjd note71 & :o *oose to p>ticipate 9 ! program describ$ 9 subsection 7b71 %all receive su* paym5ts z wages = "w p]=m$ dur+ _! volunt>y p>ticipation 9 ! program describ$ "u subsection 7b72 7#b7 ! wages payable to individuals describ$ 9 p>agraph 7#a7 %all be paid f ! em]g5cy unemploym5t comp5sation acc\nt = su* individual z describ$ 9 section #djjb ( ! ,supplem5tal ,appropriations ,act1 #bjjh 7,public ,law #aaj-beb2 #bf ,u4,s4,c4 #ccjd note71 & ! am\nt 9 su* individual's acc\nt %all be r$uc$ accord+ly2 7#c7 ! wages payable to an individual describ$ 9 p>agraph 7#a7 %all be payable 9 ! same am\nt1 at ! same int]val1 on ! same t]ms1 & subject to ! same conditions "u title ,,iv ( ! ,supplem5tal ,appropriations ,act1 #bjjh 7,public ,law #aaj-beb2 #bf ,u4,s4,c4 #ccjd note71 except t-- 7,a7 ,/ate requirem5ts appli$ "u su* ,act relat+ to availability = "w & active se>* = "w are n applicable to su* individuals :o p>ticipate = at lea/ #be h\rs p] week 9 ! program describ$ 9 subsection 7b7 = ! duration ( su* individual's p>ticipation 9 ! program2 7,b7 ,/ate requirem5ts appli$ "u su* ,act relat+ to disqualify+ income reg>d+ wages e>n$ %all n apply to su* individuals :o p>ticipate = at lea/ #be h\rs p] week 9 ! program describ$ 9 subsection 7b71 & %all n apply ) respect to-- 7i7 ! wages describ$ "u subsection 7b72 & 7ii7 any wages1 9 addition to ^? describ$ "u subsection 7b71 :e!r paid by a ,/ate or a p>ticipat+ employ] = ! same "w activities2 7,c7 ,/ate prohibitions or limitations appli$ "u su* ,act relat+ to employm5t /atus %all n apply to su* individuals :o p>ticipate 9 ! program describ$ 9 subsection 7b72 & 7,d7 ,/ate requirem5ts appli$ "u su* ,act relat+ to an individual's acceptance ( an (f] ( employm5t %all n apply ) reg>d to an (f] ( long-t]m employm5t f a p>ticipat+ employ] made to su* individual :o is p>ticipat+ 9 ! program describ$ 9 subsection 7b7 9 a "w exp]i5ce provid$ by su* employ]1 :]e su* long-t]m employm5t is expect$ to comm5ce or comm5ces at ! conclusion ( ! duration specifi$ 9 p>agraph 7#d77;,a72 7#d7 ! program %all be /ructur$ s t individuals describ$ 9 p>agraph 7#a7 may p>ticipate 9 ! program = up to-- 7,a7 #h weeks1 & 7,b7 #ch h\rs = ea* su* week2 7#e7 a ,/ate %all ensure t all individuals p>ticipat+ 9 ! program are cov]$ by a work]s' comp5sation insurance program2 & 7#f7 ! program meets su* o!r requirem5ts z ! ,secret>y ( ,labor det]m9es to be appropriate 9 guidance issu$ by ! ,secret>y4 7d7 ,/ate requirem5ts 7#a7 ,c]tification ( eligible employ] ,a ,/ate may c]tify z eligible = p>ticipation 9 ! program "u ?is section any employ] t meets ! eligibility crit]ia z e/abli%$ 9 guidance by ! ,secret>y ( ,labor1 except t an employ] %all n be c]tifi$ z eligible = p>ticipation 9 ! program describ$ "u subsection 7b7-- 7,a7 if su* employ]-- 7i7 is a ,f$]al1 ,/ate1 or local gov]nm5t entity2 7ii7 w\ld engage an eligible individual 9 "w activities "u any employ]'s grant1 contract1 or subcontract ) a ,f$]al1 ,/ate1 or local gov]nm5t entity1 except ) reg>d to "w activities "u any employ]'s supply contract or subcontract2 7iii7 is del9qu5t ) respect to any taxes or employ] contributions describ$ "u sections #ccja & #ccjb7;a77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf or ) respect to any relat$ report+ requirem5ts2 7iv7 is engag$ 9 ! bus9ess ( supply+ work]s to o!r employ]s & w\ld p>ticipate 9 ! program = ! purpose ( supply+ individuals p>ticipat+ 9 ! program to o!r employ]s2 or 7v7 has previ\sly p>ticipat$ 9 ! program & ! ,/ate has det]m9$ t su* employ] has fail$ to abide by any ( ! requirem5ts specifi$ 9 subsections 7h71 7i71 or 7j71 or by any o!r requirem5ts t ! ,secret>y may e/abli% = employ]s "u subsection 7c77#f72 & 7,b7 unless su* employ] provides assurances t x has n displac$ exi/+ work]s pursuant to ! requirem5ts ( subsection 7h74 7#b7 ,au?oriz$ activities ,funds allott$ to a ,/ate "u ?is "p = ! program-- 7,a7 %all be us$ to-- 7i7 recruit employ]s = p>ticipation 9 ! program2 7ii7 review & c]tify employ]s id5tifi$ by eligible individuals seek+ to p>ticipate 9 ! program2 7iii7 ensure t reemploym5t & c\nsel+ s]vices are available = program p>ticipants1 includ+ s]vices describ+ ! program "u subsection 7b71 prior to an individual's p>ticipation 9 su* program2 7iv7 e/abli% & implem5t processes to monitor ! progress & p]=mance ( individual p>ticipants = ! duration ( ! program2 7v7 prev5t misuse ( ! program2 & 7vi7 pay augm5t$ wages to eligible individuals1 if necess>y1 z describ$ 9 subsection 7e72 & 7,b7 may be us$-- 7i7 to pay work]s' comp5sation insurance premiums to cov] all individuals p>ticipat+ 9 ! program1 except t1 if a ,/ate opts n to make su* paym5ts directly to a ,/ate adm9i/]$ work]s' comp5sation program1 ! ,/ate involv$ %all describe 9 ! approv$ ,/ate plan ! means by :i* su* ,/ate %all ensure work]s' comp5sation or equival5t cov]age = all individuals :o p>ticipate 9 ! program2 7ii7 to pay comp5sation to a p>ticipat+ individual t is 9 addition to ! am\nts describ$ 9 subsections 7c77#a7 & 7e7 z wages = "w p]=m$2 7iii7 to provide supportive s]vices1 su* z transportation1 *ild c>e1 & dep5d5t c>e1 t w\ld enable individuals to p>ticipate 9 ! program2 7iv7 = ! adm9i/ration & ov]sight ( ! program2 & 7v7 to fulfill additional program requirem5ts includ$ 9 ! approv$ ,/ate plan4 7e7 ,paym5t ( augm5t$ wages if necess>y ,9 ! ev5t t ! wages describ$ 9 subsection 7c77#a7 are n suffici5t to equal or exce$ ! m9imum wages t are requir$ to be paid by an employ] "u section #f7;a77#a7 ( ! ,fair ,labor ,/&>ds ,act ( #aich 7#bi ,u4,s4,c4 #bjf7;a77#a77 or ! applicable ,/ate or local m9imum wage law1 :i*ev] is high]1 a ,/ate %all pay augm5t$ wages to a program p>ticipant 9 any am\nt necess>y to cov] ! diff]5ce betwe5-- 7#a7 su* m9imum wages am\nt2 & 7#b7 ! wages payable "u subsection 7c77#a74 7f7 ,effect ( wages on eligibility = o!r programs ,none ( ! wages paid "u ?is section %all be consid]$ z income = ! purposes ( det]m9+ eligibility = & ! am\nt ( income transf] & 9-k9d aid furni%$ "u any ,f$]al or f$]ally assi/$ program bas$ on ne$4 7g7 ,effect ( wages1 "w activities1 & program p>ticipation on cont9u+ eligibility = em]g5cy unemploym5t comp5sation ,any wages paid "u ?is section & any additional wages paid by an employ] to an individual describ$ 9 subsection 7c77#a71 & any "w activities p]=m$ by su* individual z a p>ticipant 9 ! program1 %all n be con/ru$ s z to r5d] su* individual ineligible to receive em]g5cy unemploym5t comp5sation "u title ,,iv ( ! ,supplem5tal ,appropriations ,act1 #bjjh 7,public ,law #aaj-beb2 #bf ,u4,s4,c4 #ccjd note74 7h7 ,nondisplacem5t ( employees 7#a7 ,prohibition ,an employ] %all n use a program p>ticipant to displace 7includ+ a p>tial displacem5t1 su* z a r$uction 9 ! h\rs ( non-ov]time "w1 wages1 or employm5t b5efits7 any curr5t employee 7z ( ! date ( ! p>ticipation74 7#b7 ,o!r prohibitions ,an employ] %all n p]mit a program p>ticipant to p]=m "w activities relat$ to any job = :i*-- 7,a7 any o!r individual is on lay(f f ! same or any sub/antially equival5t position2 7,b7 ! employ] has t]m9at$ ! employm5t ( any employee or o!rwise r$uc$ ! work=ce ( ! employ] ) ! int5tion ( fill+ or p>tially fill+ ! vacancy s creat$ ) ! "w activities to be p]=m$ by a program p>ticipant2 7,c7 !re is a /rike or lock out at ! worksite t is ! p>ticipant's place ( employm5t2 or 7,d7 ! job is creat$ 9 a mann] t w infr+e 9 any way ^u ! promotional opportunities ( curr5tly employ$ individuals 7z ( ! date ( ! p>ticipation74 7i7 ,prohibition on impairm5t ( contracts ,an employ] %all n1 by means ( assign+ "w activities "u ?is section1 impair an exi/+ contract = s]vices or a collective b>ga9+ agreem5t1 & no su* activity t w\ld be inconsi/5t ) ! t]ms ( a collective b>ga9+ agreem5t %all be und]tak5 )\t ! writt5 concurr5ce ( ! labor organization t is signatory to ! collective b>ga9+ agreem5t4 7j7 ,limitation on employ] p>ticipation ,if1 aft] #bd weeks ( p>ticipation 9 ! program1 an employ] has n made an (f] ( suitable long-t]m employm5t to any individual describ$ "u subsection 7c77#a7 :o 0 plac$ ) su* employ] & has complet$ ! program1 a ,/ate %all b> su* employ] f fur!r p>ticipation 9 ! program4 ,/ates may impose additional conditions on p>ticipat+ employ]s to ensure t an appropriate numb] ( p>ticipants receive (f]s ( suitable long-t]m employm5t4 7k7 ,failure ,to meet program requirem5ts ,if a ,/ate makes a det]m9ation bas$ on in=mation provid$ to ! ,/ate1 or acquir$ by ! ,/ate by means ( its adm9i/ration & ov]sight functions1 t a p>ticipat+ employ] "u ?is section has violat$ a requirem5t ( ?is section1 ! ,/ate %all b> su* employ] f fur!r p>ticipation 9 ! program4 ,! ,/ate %all e/abli% a process :]eby an individual describ$ 9 subsection 7c77#a71 or any o!r affect$ individual or entity1 may file a compla9t ) ! ,/ate relat+ to a violation ( any requirem5t or prohibition "u ?is section4 7l7 ,p>ticipant option ,to t]m9ate p>ticipation 9 bridge to "w program 7#a7 ,t]m9ation ,an individual :o is p>ticipat+ 9 a program describ$ 9 subsection 7b7 may opt to discont9ue p>ticipation 9 su* program4 7#b7 ,cont9u$ eligibility = em]g5cy unemploym5t comp5sation ,an individual :o opts to discont9ue p>ticipation 9 su* program1 is t]m9at$ f su* program by a p>ticipat+ employ]1 or :o has complet$ p>ticipation 9 su* program1 & :o cont9ues to meet ! eligibility requirem5ts = em]g5cy unemploym5t comp5sation "u title ,,iv ( ! ,supplem5tal ,appropriations ,act1 #bjjh 7,public ,law #aaj-beb2 #bf ,u4,s4,c4 #ccjd note71 %all receive em]g5cy unemploym5t comp5sation paym5ts ) respect to subsequ5t weeks ( unemploym5t1 to ! ext5t t am\nts rema9 9 ! acc\nt e/abli%$ = su* individual "u section #djjb7;b7 ( su* ,act or to ! ext5t t su* individual comm5ces receiv+ ! am\nts describ$ 9 subsections 7c71 7d71 or 7e7 ( su* section1 respectively4 7m7 ,effect ( o!r laws ,unless o!rwise provid$ 9 ?is section1 no?+ 9 ?is section %all be con/ru$ to alt] or affect ! rights or obligations "u any ,f$]al1 ,/ate1 or local laws ) respect to any individual describ$ 9 subsection 7c77#a7 & ) respect to any p>ticipat+ employ] "u ?is section4 7n7 ,treatm5t ( paym5ts ,all wages or o!r paym5ts to an individual "u ?is section %all be treat$ z paym5ts ( unemploym5t comp5sation = purposes ( section #bji ( ! ,social ,security ,act 7#db ,u4,s4,c4 #dji7 & = purposes ( subtitle ,a & sections #caja1 #caaa1 & #ccja ( ! ,int]nal ,rev5ue ,code ( #aihf4 #cbe4 ,wage insurance 7a7 ,9 g5]al ,a ,/ate may use ! funds allott$ to ! ,/ate "u ?is "p to provide a wage insurance program = ,,euc claimants4 7b7 ,b5efits ,! wage insurance program provid$ "u ?is section may use funds allott$ to ! ,/ate "u ?is "p to pay1 = a p]iod n to exce$ #b ye>s1 to a work] describ$ 9 subsection 7c71 up to #ej p]c5t ( ! diff]5ce betwe5-- 7#a7 ! wages receiv$ by ! work] at ! "t ( sep>ation2 & 7#b7 ! wages receiv$ by ! work] = reemploym5t4 7c7 ,individual eligibility ,! b5efits describ$ 9 subsection 7b7 may be paid to an individual :o is an ,,euc claimant at ! "t su* individual obta9s reemploym5t & :o-- 7#a7 is at lea/ #ej ye>s ( age2 7#b7 e>ns n m ?an #ej1jjj p] ye> 9 wages f reemploym5t2 7#c7 is employ$ on a full-"t basis z def9$ by ! law ( ! ,/ate2 & 7#d7 is n employ$ by ! employ] f :i* ! individual 0 la/ sep>at$4 7d7 ,total am\nt ( paym5ts ,a ,/ate %all e/abli% a maximum am\nt ( paym5ts p] individual = purposes ( paym5ts describ$ 9 subsection 7b7 dur+ ! eligibility p]iod describ$ 9 su* subsection4 7e7 ,non-,discrim9ation reg>d+ wages ,an employ] %all n pay a work] describ$ 9 subsection 7c7 less ?an su* employ] pays to a regul> work] 9 ! same or sub/antially equival5t position4 #cbf4 ,enhanc$ reemploym5t /rategies 7a7 ,9 g5]al ,a ,/ate may use funds allott$ "u ?is "p to provide a program ( enhanc$ reemploym5t s]vices to ,,euc claimants4 ,9 addition to ! provision ( s]vices to su* claimants1 ! program may include ! provision ( reemploym5t s]vices to individuals :o are unemploy$ & h exhau/$ _! rights to em]g5cy unemploym5t comp5sation "u title ,,iv ( ! ,supplem5tal ,appropriations ,act1 #bjjh1 7,public ,law #aaj-beb2 #bf ,u4,s4,c4 #ccjd note74 ,! program %all provide reemploym5t s]vices t are m int5sive ?an ! reemploym5t s]vices provid$ by ! ,/ate prior to ! receipt ( ! allotm5t "u ?is "p4 7b7 ,types ( s]vices ,! enhanc$ reemploym5t s]vices describ$ 9 subsection 7a7 may include s]vices su* z-- 7#a7 assessm5ts1 c\nsel+1 & o!r int5sive s]vices t are provid$ by /aff on a "o-to-"o basis & may be cu/omiz$ to meet ! reemploym5t ne$s ( ,,euc claimants & individuals describ$ 9 subsection 7a72 7#b7 compreh5sive assessm5ts design$ to id5tify alt]native c>e] pa?s2 7#c7 case managem5t2 7#d7 reemploym5t s]vices t are provid$ m frequ5tly & m int5sively ?an su* reemploym5t s]vices h previ\sly be5 provid$ by ! ,/ate2 & 7#e7 s]vices t are design$ to enhance communication skills1 int]view+ skills1 & o!r skills t w\ld assi/ 9 obta9+ reemploym5t4 #cbg4 ,self-employm5t programs ,a ,/ate may use funds allott$ to ! ,/ate "u ?is "p1 9 an am\nt specifi$ "u an approv$ ,/ate plan1 = ! adm9i/rative co/s associat$ ) />t+ up ! self-employm5t assi/ance program describ$ 9 section #djja7;i7 ( ! ,supplem5tal ,appropriations ,act1 #bjjh1 7,public ,law #aaj-beb2 #bf ,u4,s4,c4 #ccjd note74 #cbh4 ,additional innovative programs 7a7 ,9 g5]al ,a ,/ate may use funds allott$ "u ?is "p to provide a program = innovative activities1 :i* use a /rategy t is diff]5t f ! reemploym5t /rategies describ$ 9 sections #cbd-cbg & :i* are design$ to facilitate ! reemploym5t ( ,,euc claimants4 ,9 addition to ! provision ( activities to su* claimants1 ! program may include ! provision ( activities to individuals :o are unemploy$ & h exhau/$ _! rights to em]g5cy unemploym5t comp5sation "u title ,,iv ( ! ,supplem5tal ,appropriations ,act1 #bjjh1 7,public ,law #aaj-beb2 #bf ,u4,s4,c4 #ccjd note74 7b7 ,conditions ,! innovative activities approv$ 9 accordance ) subsection 7a7-- 7#a7 %all directly b5efit ,,euc claimants &1 if applicable1 individuals describ$ 9 subsection 7a71 ei!r z a b5efit paid to su* claimant or individual or z a s]vice provid$ to su* claimant or individual2 7#b7 %all n result 9 a r$uction 9 ! duration or am\nt (1 em]g5cy unemploym5t comp5sation = :i* ,,euc claimants w\ld o!rwise be eligible2 7#c7 %all n include a r$uction 9 ! duration1 am\nt ( or eligibility = regul> comp5sation or ext5d$ b5efits2 7#d7 %all n be us$ to displace 7includ+ a p>tial displacem5t1 su* z a r$uction 9 ! h\rs ( non-ov]time "w1 wages1 or employm5t b5efits7 any curr5tly employ$ employee 7z ( ! date ( ! p>ticipation7 or all[ a program p>ticipant to p]=m "w activities relat$ to any job = :i*-- 7,a7 any o!r individual is on lay(f f ! same or any sub/antially equival5t job2 7,b7 ! employ] has t]m9at$ ! employm5t ( any regul> employee or o!rwise r$uc$ ! work=ce ( ! employ] ) ! int5tion ( fill+ or p>tially fill+ ! vacancy s creat$ ) ! "w activities to be p]=m$ by a program p>ticipant2 7,c7 !re is a /rike or lock out at ! worksite t is ! p>ticipant's place ( employm5t2 or 7,d7 ! job is creat$ 9 a mann] t w infr+e 9 any way ^u ! promotional opportunities ( curr5tly employ$ individuals 7z ( ! date ( ! p>ticipation72 & 7#e7 %all n be 9 violation ( any ,f$]al1 ,/ate1 or local law4 #cbi4 ,guidance & additional requirem5ts ,! ,secret>y ( ,labor may e/abli% ?r\gh guidance1 )\t reg>d to ! requirem5ts ( section #eec ( title #e1 ,unit$ ,/ates ,code1 su* additional requirem5ts1 includ+ requirem5ts reg>d+ ! allotm5t1 recapture1 & reallotm5t ( funds1 & report+ requirem5ts1 z ! ,secret>y det]m9es to be necess>y to ensure fiscal integrity1 effective monitor+1 & appropriate & prompt implem5tation ( ! activities "u ?is ,act4 #ccj4 ,report ( in=mation & evaluations to ,congress & ! public ,! ,secret>y ( ,labor %all provide to ! appropriate ,committees ( ! ,congress & make available to ! public ! in=mation report$ pursuant to section #cbi & ! evaluations ( activities c>ri$ out pursuant to ! funds res]v$ "u section #cbb7;a77#a74 #cca4 ,/ate ,= purposes ( ?is "p1 ! t]m ,/ate has ! mean+ giv5 t t]m 9 section #bje ( ! ,f$]al-,/ate ,ext5d$ ,unemploym5t ,comp5sation ,act ( #aigj 7#bf ,u4,s4,c4 #ccjd note74 ,,iii ,%ort-,"t comp5sation program #cda4 ,tempor>y f9anc+ ( %ort-"t comp5sation paym5ts 9 /ates ) programs 9 law 7a7 ,paym5ts to /ates 7#a7 ,9 g5]al ,subject to p>agraph 7#c71 !re %all be paid to a ,/ate an am\nt equal to #ajj p]c5t ( ! am\nt ( %ort-"t comp5sation paid "u a %ort-"t comp5sation program 7z def9$ 9 section #ccjf7v7 ( ! ,int]nal ,rev5ue ,code ( #aihf7 "u ! provisions ( ! ,/ate law4 7#b7 ,t]ms ( paym5ts ,paym5ts made to a ,/ate "u p>agraph 7#a7 %all be payable by way ( reimbursem5t 9 su* am\nts z ! ,secret>y e/imates ! ,/ate w be entitl$ to receive "u ?is section = ea* cal5d> mon?1 r$uc$ or increas$1 z ! case may be1 by any am\nt by :i* ! ,secret>y f9ds t ! ,secret>y's e/imates = any prior cal5d> mon? 7 great] or less ?an ! am\nts :i* %\ld h be5 paid to ! ,/ate4 ,su* e/imates may be made on ! basis ( su* /ati/ical1 sampl+1 or o!r me?od z may be agre$ ^u by ! ,secret>y & ! ,/ate ag5cy ( ! ,/ate involv$4 7#c7 ,limitations on paym5ts 7,a7 ,g5]al paym5t limitations ,no paym5ts %all be made to a ,/ate "u ?is section = %ort-"t comp5sation paid to an individual by ! ,/ate dur+ a b5efit ye> 9 excess ( #bf times ! am\nt ( regul> comp5sation 7includ+ dep5d5ts' all[ances7 "u ! ,/ate law payable to su* individual = a week ( total unemploym5t4 7,b7 ,employ] limitations ,no paym5ts %all be made to a ,/ate "u ?is section = b5efits paid to an individual by ! ,/ate "u a %ort-"t comp5sation program if su* individual is employ$ by ! p>ticipat+ employ] on a seasonal1 tempor>y1 or int]mitt5t basis4 7b7 ,applicability 7#a7 ,9 g5]al ,paym5ts to a ,/ate "u subsection 7a7 %all be available = weeks ( unemploym5t-- 7,a7 beg9n+ on or aft] ! date ( ! enactm5t ( ?is ,act2 & 7,b7 end+ on or be=e ! date t is #c ye>s & #f mon?s aft] ! date ( ! enactm5t ( ?is ,act4 7#b7 ,?ree-ye> fund+ limitation = comb9$ paym5ts "u ?is section & section #cdc ,/ates may receive paym5ts "u ?is section & section #cdc ) respect to a total ( n m ?an #aef weeks4 7c7 ,two-,ye> transition p]iod = exi/+ programs ,dur+ any p]iod t ! transition provision "u section #cda7;a77#c7 is applicable to a ,/ate ) respect to a %ort-"t comp5sation program1 su* ,/ate %all be eligible = paym5ts "u ?is section4 ,subject to p>agraphs 7#a77;,b7 & 7#b7 ( subsection 7b71 if at any po9t aft] ! date ( ! enactm5t ( ?is ,act ! ,/ate enacts a ,/ate law provid+ = ! paym5t ( %ort-"t comp5sation "u a %ort-"t comp5sation program t meets ! def9ition ( su* a program "u section #ccjf7v7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 ! ,/ate %all be eligible = paym5ts "u ?is section aft] ! effective date ( su* enactm5t4 7d7 ,fund+ & c]tifications 7#a7 ,fund+ ,!re are appropriat$1 out ( moneys 9 ! ,treasury n o!rwise appropriat$1 su* sums z may be necess>y = purposes ( c>ry+ out ?is section4 7#b7 ,c]tifications ,! ,secret>y %all f "t to "t c]tify to ! ,secret>y ( ! ,treasury = paym5t to ea* ,/ate ! sums payable to su* ,/ate "u ?is section4 7e7 ,def9itions ,9 ?is section3 7#a7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,labor4 7#b7 ,/ate2 /ate ag5cy2 /ate law ,! t]ms ,/ate1 ,/ate ag5cy1 & ,/ate law h ! mean+s giv5 ^? t]ms 9 section #bje ( ! ,f$]al-,/ate ,ext5d$ ,unemploym5t ,comp5sation ,act ( #aigj 7#bf ,u4,s4,c4 #ccjd note74 #cdb4 ,tempor>y f9anc+ ( %ort-"t comp5sation agreem5ts 7a7 ,f$]al-,/ate agreem5ts 7#a7 ,9 g5]al ,any ,/ate :i* desires to d s may ent] into1 & p>ticipate 91 an agreem5t "u ?is section ) ! ,secret>y provid$ t su* ,/ate's law does n provide = ! paym5t ( %ort-"t comp5sation "u a %ort-"t comp5sation program 7z def9$ 9 section #ccjf7v7 ( ! ,int]nal ,rev5ue ,code ( #aihf74 7#b7 ,ability to t]m9ate ,any ,/ate :i* is a p>ty to an agreem5t "u ?is section may1 ^u provid+ #cj days' writt5 notice to ! ,secret>y1 t]m9ate su* agreem5t4 7b7 ,provisions ( ,f$]al-,/ate agreem5t 7#a7 ,9 g5]al ,any agreem5t "u ?is section %all provide t ! ,/ate ag5cy ( ! ,/ate w make paym5ts ( %ort-"t comp5sation "u a plan approv$ by ! ,/ate4 ,su* plan %all provide t paym5ts are made 9 accordance ) ! requirem5ts "u section #ccjf7v7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#b7 ,limitations on plans 7,a7 ,g5]al paym5t limitations ,a %ort-"t comp5sation plan approv$ by a ,/ate %all n p]mit ! paym5t ( %ort-"t comp5sation to an individual by ! ,/ate dur+ a b5efit ye> 9 excess ( #bf times ! am\nt ( regul> comp5sation 7includ+ dep5d5ts' all[ances7 "u ! ,/ate law payable to su* individual = a week ( total unemploym5t4 7,b7 ,employ] limitations ,a %ort-"t comp5sation plan approv$ by a ,/ate %all n provide paym5ts to an individual if su* individual is employ$ by ! p>ticipat+ employ] on a seasonal1 tempor>y1 or int]mitt5t basis4 7#c7 ,employ] paym5t ( co/s ,any %ort-"t comp5sation plan ent]$ into by an employ] mu/ provide t ! employ] w pay ! ,/ate an am\nt equal to "o-half ( ! am\nt ( %ort-"t comp5sation paid "u su* plan4 ,su* am\nt %all be deposit$ 9 ! ,/ate's unemploym5t fund & %all n be us$ = purposes ( calculat+ an employ]'s contribution rate "u section #ccjc7;a77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7c7 ,paym5ts to ,/ates 7#a7 ,9 g5]al ,!re %all be paid to ea* ,/ate ) an agreem5t "u ?is section an am\nt equal to-- 7,a7 "o-half ( ! am\nt ( %ort-"t comp5sation paid to individuals by ! ,/ate pursuant to su* agreem5t2 & 7,b7 any additional adm9i/rative exp5ses incurr$ by ! ,/ate by reason ( su* agreem5t 7z det]m9$ by ! ,secret>y74 7#b7 ,t]ms ( paym5ts ,paym5ts made to a ,/ate "u p>agraph 7#a7 %all be payable by way ( reimbursem5t 9 su* am\nts z ! ,secret>y e/imates ! ,/ate w be entitl$ to receive "u ?is section = ea* cal5d> mon?1 r$uc$ or increas$1 z ! case may be1 by any am\nt by :i* ! ,secret>y f9ds t ! ,secret>y's e/imates = any prior cal5d> mon? 7 great] or less ?an ! am\nts :i* %\ld h be5 paid to ! ,/ate4 ,su* e/imates may be made on ! basis ( su* /ati/ical1 sampl+1 or o!r me?od z may be agre$ ^u by ! ,secret>y & ! ,/ate ag5cy ( ! ,/ate involv$4 7#c7 ,fund+ ,!re are appropriat$1 out ( moneys 9 ! ,treasury n o!rwise appropriat$1 su* sums z may be necess>y = purposes ( c>ry+ out ?is section4 7#d7 ,c]tifications ,! ,secret>y %all f "t to "t c]tify to ! ,secret>y ( ! ,treasury = paym5t to ea* ,/ate ! sums payable to su* ,/ate "u ?is section4 7d7 ,applicability 7#a7 ,9 g5]al ,an agreem5t ent]$ into "u ?is section %all apply to weeks ( unemploym5t-- 7,a7 beg9n+ on or aft] ! date on :i* su* agreem5t is ent]$ into2 & 7,b7 end+ on or be=e ! date t is #b ye>s & #ac weeks aft] ! date ( ! enactm5t ( ?is ,act4 7#b7 ,two-ye> fund+ limitation ,/ates may receive paym5ts "u ?is section ) respect to a total ( n m ?an #ajd weeks4 7e7 ,special rule ,if a ,/ate has ent]$ into an agreem5t "u ?is section & subsequ5tly enacts a ,/ate law provid+ = ! paym5t ( %ort-"t comp5sation "u a %ort-"t comp5sation program t meets ! def9ition ( su* a program "u section #ccjf7v7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 ! ,/ate-- 7#a7 %all n be eligible = paym5ts "u ?is section = weeks ( unemploym5t beg9n+ aft] ! effective date ( su* ,/ate law2 & 7#b7 subject to p>agraphs 7#a77;,b7 & 7#b7 ( section #cdb7;b71 %all be eligible to receive paym5ts "u section #cdb aft] ! effective date ( su* ,/ate law4 7f7 ,def9itions ,9 ?is section3 7#a7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,labor4 7#b7 ,/ate2 /ate ag5cy2 /ate law ,! t]ms ,/ate1 ,/ate ag5cy1 & ,/ate law h ! mean+s giv5 ^? t]ms 9 section #bje ( ! ,f$]al-,/ate ,ext5d$ ,unemploym5t ,comp5sation ,act ( #aigj 7#bf ,u4,s4,c4 #ccjd note74 #cdc4 ,grants = %ort-"t comp5sation programs 7a7 ,grants 7#a7 ,= implem5tation or improv$ adm9i/ration ,! ,secret>y %all aw>d grants to ,/ates t enact %ort-"t comp5sation programs 7z def9$ 9 subsection 7i77#b77 = ! purpose ( implem5tation or improv$ adm9i/ration ( su* programs4 7#b7 ,= promotion & enrollm5t ,! ,secret>y %all aw>d grants to ,/ates t are eligible & submit plans = a grant "u p>agraph 7#a7 = su* ,/ates to promote & enroll employ]s 9 %ort-"t comp5sation programs 7z s def9$74 7#c7 ,eligibility 7,a7 ,9 g5]al ,! ,secret>y %all det]m9e eligibility crit]ia = ! grants "u p>agraph 7#a7 & 7#b74 7,b7 ,cl>ification ,a ,/ate adm9i/]+ a %ort-"t comp5sation program1 includ+ a program be+ adm9i/]$ by a ,/ate t is p>ticipat+ 9 ! transition "u ! provisions ( sections #cda7;a77#c7 & #cdb7;c71 t does n meet ! def9ition ( a %ort-"t comp5sation program "u section #ccjf7v7 ( ! ,int]nal ,rev5ue ,code ( #aihf1 & a ,/ate ) an agreem5t "u section #cdc1 %all n be eligible to receive a grant "u ?is section until su* "t z ! ,/ate law ( ! ,/ate provides = paym5ts "u a %ort-"t comp5sation program t meets su* def9ition & su* law4 7b7 ,am\nt ( grants 7#a7 ,9 g5]al ,! maximum am\nt available = mak+ grants to a ,/ate "u p>agraphs 7#a7 & 7#b7 %all be equal to ! am\nt obta9$ by multiply+ #gjj1jjj1jjj 7less ! am\nt us$ by ! ,secret>y "u subsection 7e77 by ! same ratio z w\ld apply "u subsection 7a77#b77;,b7 ( section #ijc ( ! ,social ,security ,act 7#db ,u4,s4,c4 #aajc7 = purposes ( det]m9+ su* ,/ate's %>e ( any excess am\nt 7z describ$ 9 subsection 7a77#a7 ( su* section7 t w\ld h be5 subject to transf] to ,/ate acc\nts1 z ( ,octob] #a1 #bjac1 "u ! provisions ( subsection 7a7 ( su* section4 7#b7 ,am\nt available = diff]5t grants ,( ! maximum inc5tive paym5t det]m9$ "u p>agraph 7#a7 ) respect to a ,/ate-- 7,a7 "o-?ird %all be available = a grant "u subsection 7a77#a72 & 7,b7 two-?irds %all be available = a grant "u subsection 7a77#b74 7c7 ,grant application & disbursal 7#a7 ,application ,any ,/ate seek+ a grant "u p>agraph 7#a7 or 7#b7 ( subsection 7a7 %all submit an application to ! ,secret>y at su* "t1 9 su* mann]1 & complete ) su* in=mation z ! ,secret>y may require4 ,9 no case may ! ,secret>y aw>d a grant "u ?is section ) respect to an application t is submitt$ aft] ,decemb] #ca1 #bjad4 7#b7 ,notice ,! ,secret>y %all1 )9 #cj days aft] receiv+ a complete application1 notify ! ,/ate ag5cy ( ! ,/ate ( ! ,secret>y's f9d+s ) respect to ! requirem5ts = a grant "u p>agraph 7#a7 or 7#b7 7or bo?7 ( subsection 7a74 7#c7 ,c]tification ,if ! ,secret>y f9ds t ! ,/ate law provisions meet ! requirem5ts = a grant "u subsection 7a71 ! ,secret>y %all !reupon make a c]tification to t effect to ! ,secret>y ( ! ,treasury1 toge!r ) a c]tification z to ! am\nt ( ! grant paym5t to be transf]r$ to ! ,/ate acc\nt 9 ! ,unemploym5t ,tru/ ,fund 7z e/abli%$ 9 section #ijd7;a7 ( ! ,social ,security ,act 7#db ,u4,s4,c4 #aajd7;a777 pursuant to t f9d+4 ,! ,secret>y ( ! ,treasury %all make ! appropriate transf] to ! ,/ate acc\nt )9 #g days aft] receiv+ su* c]tification4 7#d7 ,requirem5t ,no c]tification ( compliance ) ! requirem5ts = a grant "u p>agraph 7#a7 or 7#b7 ( subsection 7a7 may be made ) respect to any ,/ate ^:-- 7,a7 ,/ate law is n o!rwise eligible = c]tification "u section #cjc ( ! ,social ,security ,act 7#db ,u4,s4,c4 #ejc7 or approvable "u section #ccjd ( ! ,int]nal ,rev5ue ,code ( #aihf2 or 7,b7 %ort-"t comp5sation program is subject to discont9uation or is n s*$ul$ to take effect )9 #ab mon?s ( ! c]tification4 7d7 ,use ( funds ,! am\nt ( any grant aw>d$ "u ?is section %all be us$ = ! implem5tation ( %ort-"t comp5sation programs & ! ov]all adm9i/ration ( su* programs & ! promotion & enrollm5t ef=ts associat$ ) su* programs1 su* z ?r\gh-- 7#a7 ! creation or support ( rapid response teams to advise employ]s ab\t alt]natives to lay(fs2 7#b7 ! provision ( education or assi/ance to employ]s to enable !m to assess ! feasibility ( p>ticipat+ 9 %ort-"t comp5sation programs2 & 7#c7 ! developm5t or enhancem5t ( sy/ems to automate-- 7,a7 ! submission & approval ( plans2 & 7,b7 ! fil+ & approval ( new & ongo+ %ort-"t comp5sation claims4 7e7 ,adm9i/ration ,! ,secret>y is au?oriz$ to use #j4be p]c5t ( ! funds available "u subsection 7g7 to provide = outrea* & to %>e be/ practices ) respect to ?is section & %ort-"t comp5sation programs4 7f7 ,rec\pm5t ,! ,secret>y %all e/abli% a process "u :i* ! ,secret>y %all rec\p ! am\nt ( any grant aw>d$ "u p>agraph 7#a7 or 7#b7 ( subsection 7a7 if ! ,secret>y det]m9es t1 dur+ ! #e-ye> p]iod beg9n+ on ! fir/ date t any su* grant is aw>d$ to ! ,/ate1 ! ,/ate-- 7#a7 t]m9at$ ! ,/ate's %ort-"t comp5sation program2 or 7#b7 fail$ to meet appropriate requirem5ts ) respect to su* program 7z e/abli%$ by ! ,secret>y74 7g7 ,fund+ ,!re are appropriat$1 out ( moneys 9 ! ,treasury n o!rwise appropriat$1 to ! ,secret>y1 #gjj1jjj1jjj to c>ry out ?is section1 to rema9 available )\t fiscal ye> limitation4 7h7 ,report+ ,! ,secret>y may e/abli% report+ requirem5ts = ,/ates receiv+ a grant "u ?is section 9 ord] to provide ov]sight ( grant funds4 7i7 ,def9itions ,9 ?is section3 7#a7 ,secret>y ,! t]m ,secret>y means ! ,secret>y ( ,labor4 7#b7 ,%ort-"t comp5sation program ,! t]m %ort-"t comp5sation program has ! mean+ giv5 su* t]m 9 section #ccjf7v7 ( ! ,int]nal ,rev5ue ,code ( #aihf4 7#c7 ,/ate2 ,/ate ag5cy2 ,/ate law ,! t]ms ,/ate1 ,/ate ag5cy1 & ,/ate law h ! mean+s giv5 ^? t]ms 9 section #bje ( ! ,f$]al-,/ate ,ext5d$ ,unemploym5t ,comp5sation ,act ( #aigj 7#bf ,u4,s4,c4 #ccjd note74 #cdd4 ,assi/ance & guidance 9 implem5t+ programs 7a7 ,9 g5]al ,9 ord] to assi/ ,/ates 9 e/abli%+1 qualify+1 & implem5t+ %ort-"t comp5sation programs 7z def9$ 9 section #ccjf7v7 ( ! ,int]nal ,rev5ue ,code ( #aihf71 ! ,secret>y ( ,labor 79 ?is section ref]r$ to z ! ,secret>y7 %all-- 7#a7 develop model legislative language :i* may be us$ by ,/ates 9 develop+ & enact+ su* programs & p]iodically review & revise su* model legislative language2 7#b7 provide te*nical assi/ance & guidance 9 develop+1 enact+1 & implem5t+ su* programs2 7#c7 e/abli% report+ requirem5ts = ,/ates1 includ+ report+ on-- 7,a7 ! numb] ( e/imat$ av]t$ lay(fs2 7,b7 ! numb] ( p>ticipat+ employ]s & work]s2 & 7,c7 su* o!r items z ! ,secret>y ( ,labor det]m9es are appropriate4 7b7 ,model language & guidance ,! model language & guidance develop$ "u subsection 7a7 %all all[ suffici5t flexibility by ,/ates & p>ticipat+ employ]s :ile ensur+ acc\ntability & program integrity4 7c7 ,consultation ,9 develop+ ! model legislative language & guidance "u subsection 7a71 & 9 ord] to meet ! requirem5ts ( subsection 7b71 ! ,secret>y %all consult ) employ]s1 labor organizations1 ,/ate work=ce ag5cies1 & o!r program exp]ts4 #cde4 ,reports 7a7 ,reports 7#a7 ,9 g5]al ,n lat] ?an #d ye>s aft] ! date ( ! enactm5t ( ?is ,act1 ! ,secret>y ( ,labor %all submit to ,congress & to ! ,presid5t a report or reports on ! implem5tation ( ! provisions ( ?is ,act4 7#b7 ,requirem5ts ,any report "u p>agraph 7#a7 %all at a m9imum include ! foll[+3 7,a7 ,a description ( be/ practices by ,/ates & employ]s 9 ! adm9i/ration1 promotion1 & use ( %ort-"t comp5sation programs 7z def9$ 9 section #ccjf7v7 ( ! ,int]nal ,rev5ue ,code ( #aihf74 7,b7 ,an analysis ( ! significant *all5ges to ,/ate enactm5t & implem5tation ( %ort-"t comp5sation programs4 7,c7 ,a survey ( employ]s 9 ,/ates t h n enact$ a %ort-"t comp5sation program or ent]$ into an agreem5t ) ! ,secret>y on a %ort-"t comp5sation plan to det]m9e ! level ( int]e/ among su* employ]s 9 p>ticipat+ 9 %ort-"t comp5sation programs4 7b7 ,fund+ ,!re are appropriat$1 out ( any moneys 9 ! ,treasury n o!rwise appropriat$1 to ! ,secret>y ( ,labor1 #a1ejj1jjj to c>ry out ?is section1 to rema9 available )\t fiscal ye> limitation4 ,b ,long-,t]m unemploy$ hir+ pref]5ces #cea4 ,long-t]m unemploy$ work]s "w opportunity tax cr$its 7a7 ,9 g5]al ,p>agraph 7#c7 ( section #ea7;b7 ( ! ,int]nal ,rev5ue ,code is am5d$ by ins]t+ #aj1jjj p] ye> 9 ! case ( any individual :o is a qualifi$ long-t]m unemploy$ individual by reason ( subsection 7d77#aa71 & be=e #ab1jjj p] ye>4 7b7 ,long-,t]m unemploy$ individuals tax cr$its ,subsection 7d7 ( section #ea ( ! ,int]nal ,rev5ue ,code is am5d$-- 7#a7 9 p>agraph 7#a71 by /rik+ or at ! end ( subp>agraph 7,h71 by /rik+ ! p]iod at ! end ( subp>agraph 7,i7 & ins]t+ 1 or1 & by ins]t+ aft] subp>agraph 7,i7 ! foll[+3 7,j7 a qualifi$ long-t]m unemploy$ individual4 1 & 7#b7 by r$esignat+ p>agraphs 7#aa7 ?r\gh 7#ad7 z p>agraphs 7#ab7 ?r\gh 7#ae71 respectively1 & by ins]t+ aft] p>agraph 7#aj7 ! foll[+ new p>agraph3 7#aa7 ,qualifi$ long-t]m unemploy$ individual 7,a7 ,9 g5]al ,! t]m qualifi$ long-t]m unemploy$ individual means any individual :o 0 n a /ud5t = at lea/ #f mon?s dur+ ! #a-ye> p]iod end+ on ! hir+ date & is c]tifi$ by ! designat$ local ag5cy z hav+ aggregate p]iods ( unemploym5t dur+ ! #a-ye> p]iod end+ on ! hir+ date :i* equal or exce$ #f mon?s4 7,b7 ,/ud5t ,= purposes ( ?is subsection1 a /ud5t is an individual enroll$ at lea/ half-"t 9 a program t leads to a degree1 c]tificate1 or o!r recogniz$ educational cr$5tial = at lea/ #f mon?s :e!r or n consecutive dur+ ! #a-ye> p]iod end+ on ! hir+ date4 4 7c7 ,simplifi$ c]tification ,section #ea7;d7 ( ! ,int]nal ,rev5ue ,code1 z am5d$ by subsection 7b71 is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#af7 ,cr$it all[$ = qualifi$ long-t]m unemploy$ individuals 7,a7 ,9 g5]al ,any qualifi$ long-t]m unemploy$ individual "u p>agraph 7#aa7 w be treat$ z c]tifi$ by ! designat$ local ag5cy z hav+ aggregate p]iods ( unemploym5t if ! individual is c]tifi$ by ! designat$ local ag5cy z be+ 9 receipt ( unemploym5t comp5sation "u ,/ate or ,f$]al law = n less ?an #f mon?s dur+ ! #a-ye> p]iod end+ on ! hir+ date4 7,b7 ,regulatory au?ority ,! ,secret>y 9 8 discretion may provide alt]native me?ods = c]tification4 4 7d7 ,cr$it made available to tax-,exempt employ]s 9 c]ta9 circum/ances ,section #caaa7;e7 ( ! ,int]nal ,rev5ue ,code is am5d$-- 7#a7 9 ! head+ = ! subsection is am5d$ by ins]t+ & qualifi$ long-,t]m unemploy$ individuals aft] qualifi$ vet]ans1 7#b7 9 p>agraph 7#a7 by ins]t+ or qualifi$ long-t]m unemploy$ individual aft] qualifi$ vet]an1 7#c7 9 p>agraph 7#b7 by ins]t+ & qualifi$ long-t]m unemploy$ individuals aft] qualifi$ vet]ans1 7#d7 9 p>agraph 7#c77;,c7 by ins]t+ & qualifi$ long-t]m unemploy$ individual1 z ! case may be1 aft] qualifi$ vet]an1 7#e7 9 p>agraph 7#d7 by ins]t+ or qualifi$ long-t]m unemploy$ individual aft] qualifi$ vet]an bo? places x appe>s1 & 7#f7 9 p>agraph 7#e7 by /rik+ & at ! end ( subp>agraph 7,a71 by /rik+ ! p]iod at ! end ( subp>agraph 7,b7 & ins]t+ 1 &1 & by add+ at ! end ! foll[+3 7,c7 ! t]m qualifi$ long-t]m unemploy$ individual has mean+ giv5 su* t]m by section #ea7;d77#aa74 4 7e7 ,effective date ,! am5dm5ts made by ?is section %all apply to individuals :o beg9 "w = ! employ] aft] ! date ( ! enactm5t ( ?is ,act4 ,c ,pa?ways ,back to ,"w #cfa4 ,%ort title ,?is subtitle may be cit$ z ! ,pa?ways ,back to ,"w ,act ( #bjac4 #cfb4 ,au?orization ( appropriations ,!re is au?oriz$ to be appropriat$ to ! ,secret>y ( ,labor #e1jjj1jjj1jjj to c>ry out ?is subtitle4 #cfc4 ,availability ( funds 7a7 ,9 g5]al ,( ! am\nts available "u section #cfb7;b71 ! ,secret>y ( ,labor %all-- 7#a7 allot #b1jjj1jjj1jjj 9 accordance ) section #cfd to provide subsidiz$ employm5t to unemploy$1 l[-income adults2 7#b7 allot #a1ejj1jjj1jjj 9 accordance ) section #cfe to provide summ] & ye>-r\nd employm5t opportunities to l[-income y\?2 & 7#c7 aw>d #a1ejj1jjj1jjj 9 competitive grants 9 accordance ) section #cff to local entities to c>ry out "w-bas$ tra9+ & o!r "w-relat$ & educational /rategies & activities ( demon/rat$ effectiv5ess to unemploy$1 l[-income adults & l[-income y\? to provide ! skills & assi/ance ne$$ to obta9 employm5t4 7b7 ,res]vation ,! ,secret>y ( ,labor may res]ve n m ?an #a p]c5t ( am\nts available "u ea* ( p>agraphs 7#a7 ?r\gh 7#c7 ( subsection 7a7 = ! co/s ( te*nical assi/ance1 evaluations & ,f$]al adm9i/ration ( ?is ,act4 7c7 ,p]iod ( availability ,! am\nts appropriat$ "u ?is ,act %all be available = obligation by ! ,secret>y ( ,labor until ,decemb] #ca1 #bjad1 & %all be available = exp5diture by grantees & subgrantees until ,septemb] #cj1 #bjae4 #cfd4 ,subsidiz$ employm5t = unemploy$1 l[-income adults 7a7 ,9 g5]al 7#a7 ,allotm5ts ,f ! funds available "u section #cfc7;a77#a71 ! ,secret>y ( ,labor %all make an allotm5t "u subsection 7b7 to ea* ,/ate t has a ,/ate plan approv$ "u subsection 7c7 & to ea* outly+ area & ,native ,am]ican grantee "u section #aff ( ! ,work=ce ,inve/m5t ,act ( #aiih t meets ! requirem5ts ( ?is section1 = ! purpose ( provid+ subsidiz$ employm5t opportunities to unemploy$1 l[-income adults4 7#b7 ,guidance ,n lat] ?an #cj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,labor1 9 coord9ation ) ! ,secret>y ( ,heal? & ,human ,s]vices1 %all issue guidance reg>d+ ! implem5tation ( ?is section4 ,su* guidance %all1 consi/5t ) ?is section1 include proc$ures = ! submission & approval ( ,/ate & local plans & ! allotm5t & allocation ( funds1 includ+ reallotm5t & reallocation ( su* funds1 t promote ! exp$iti\s & effective implem5tation ( ! activities au?oriz$ "u ?is section4 7b7 ,/ate allotm5ts 7#a7 ,res]vations = outly+ areas & tribes ,( ! funds describ$ subsection 7a77#a71 ! ,secret>y %all res]ve-- 7,a7 n m ?an "o-qu>t] ( "o p]c5t to provide assi/ance to outly+ areas to provide subsidiz$ employm5t to l[-income adults :o are unemploy$2 & 7,b7 #a4e p]c5t to provide assi/ance to grantees ( ! ,native ,am]ican programs "u section #aff ( ! ,work=ce ,inve/m5t ,act ( #aiih to provide subsidiz$ employm5t to l[-income adults :o are unemploy$4 7#b7 ,/ates ,aft] det]m9+ ! am\nts to be res]v$ "u p>agraph 7#a71 ! ,secret>y ( ,labor %all allot ! rema9d] ( ! am\nts describ$ 9 subsection 7a77#a7 among ! ,/ates z foll[s-- 7,a7 "o-?ird %all be allott$ on ! basis ( ! relative numb] ( unemploy$ individuals 9 areas ( sub/antial unemploym5t 9 ea* ,/ate1 comp>$ to ! total numb] ( unemploy$ individuals 9 areas ( sub/antial unemploym5t 9 all ,/ates2 7,b7 "o-?ird %all be allott$ on ! basis ( ! relative excess numb] ( unemploy$ individuals 9 ea* ,/ate1 comp>$ to ! total excess numb] ( unemploy$ individuals 9 all ,/ates2 & 7,c7 "o-?ird %all be allott$ on ! basis ( ! relative numb] ( disadvantag$ adults & y\? 9 ea* ,/ate1 comp>$ to ! total numb] ( disadvantag$ adults & y\? 9 all ,/ates4 7#c7 ,def9itions ,= purposes ( ! =mula describ$ 9 p>agraph 7#b7-- 7,a7 ,area ( sub/antial unemploym5t ,! t]m area ( sub/antial unemploym5t means any contigu\s area ) a population ( at lea/ #aj1jjj & t has an av]age rate ( unemploym5t ( at lea/ #f4e p]c5t = ! mo/ rec5t #ab mon?s1 z det]m9$ by ! ,secret>y4 7,b7 ,disadvantag$ adults & y\? ,! t]m disadvantag$ adults & y\? means an individual :o is age #af & old] 7subject to section #acb7;b77#a77;,b77v77,i7 ( ! ,work=ce ,inve/m5t ,act ( #aiih7 :o receiv$ an income1 or is a memb] ( a family t receiv$ a total family income1 t1 9 relation to family size1 does n exce$ ! high] (-- 7i7 ! pov]ty l9e2 or 7ii7 #gj p]c5t ( ! l[] liv+ /&>d income level4 7,c7 ,excess numb] ,! t]m excess numb] means1 us$ ) respect to ! excess numb] ( unemploy$ individuals )9 a ,/ate1 ! high] (-- 7i7 ! numb] t repres5ts ! numb] ( unemploy$ individuals 9 excess ( #d4e p]c5t ( ! civilian labor =ce 9 ! ,/ate2 or 7ii7 ! numb] t repres5ts ! numb] ( unemploy$ individuals 9 excess ( #d4e p]c5t ( ! civilian labor =ce 9 areas ( sub/antial unemploym5t 9 su* ,/ate4 7#d7 ,reallotm5t ,if ! ,gov]nor ( a ,/ate does n submit a ,/ate plan by ! "t specifi$ 9 subsection 7c71 or a ,/ate does n receive approval ( a ,/ate plan1 ! am\nt ! ,/ate w\ld h be5 eligible to receive pursuant to ! =mula "u p>agraph 7#b7 %all be add$ to ! am\nts available = ! competitive grants "u section #cfc7;a77#c74 7c7 ,/ate plan 7#a7 ,9 g5]al ,= a ,/ate to be eligible to receive an allotm5t ( ! funds "u subsection 7b71 ! ,gov]nor ( ! ,/ate %all submit to ! ,secret>y ( ,labor a ,/ate plan 9 su* =m & conta9+ su* in=mation z ! ,secret>y may require4 ,at a m9imum1 su* plan %all include-- 7,a7 a description ( ! /rategies & activities to be c>ri$ out by ! ,/ate1 9 coord9ation ) employ]s 9 ! ,/ate1 to provide subsidiz$ employm5t opportunities to unemploy$1 l[-income adults1 includ+ /rategies relat+ to ! level & duration ( subsidies consi/5t ) subsection 7e77#b72 7,b7 a description ( ! requirem5ts ! ,/ate w apply relat+ to ! eligibility ( unemploy$1 l[-income adults1 consi/5t ) section #cfh7f71 = subsidiz$ employm5t opportunities1 :i* may include crit]ia to t>get assi/ance to p>ticul> categories ( su* adults1 su* z individuals ) disabilities or individuals :o h exhau/$ all rights to unemploym5t comp5sation2 7,c7 a description ( h[ ! funds allott$ to provide subsidiz$ employm5t opportunities w be adm9i/]$ 9 ! ,/ate & local areas1 9 accordance ) subsection 7d72 7,d7 a description ( ! p]=mance outcomes to be a*iev$ by ! ,/ate ?r\gh ! activities c>ri$ out "u ?is section & ! processes ! ,/ate w use to track p]=mance1 consi/5t ) guidance provid$ by ! ,secret>y ( ,labor reg>d+ su* outcomes & processes & ) section #cfg7;b72 7,e7 a description ( ! coord9ation ( activities to be c>ri$ out ) ! funds provid$ "u ?is section ) activities "u title ,i ( ! ,work=ce ,inve/m5t ,act ( #aiih1 ! ,,tanf program "u "p ,a ( title ,,iv ( ! ,social ,security ,act1 & o!r appropriate ,f$]al & ,/ate programs t may assi/ unemploy$1 l[-income adults 9 obta9+ & reta9+ employm5t2 7,f7 a description ( ! timel9es = implem5tation ( ! activities describ$ 9 subp>agraph 7,a71 & ! numb] ( unemploy$1 l[-income adults expect$ to be plac$ 9 subsidiz$ employm5t by qu>t]2 7,g7 assurances t ! ,/ate w report su* in=mation z ! ,secret>y ( ,labor may require relat+ to fiscal1 p]=mance & o!r matt]s t ! ,secret>y det]m9es is necess>y to effectively monitor ! activities c>ri$ out "u ?is section2 & 7,h7 assurances t ! ,/ate w ensure compliance ) ! labor /&>ds & protections describ$ 9 section #cfg7;a7 ( ?is ,act4 7#b7 ,submission & approval ( /ate plan 7,a7 ,submission ) o!r plans ,! ,/ate plan describ$ 9 ?is subsection may be submitt$ 9 conjunction ) ! ,/ate plan modification or reque/ = funds requir$ "u section #cfe1 & may be submitt$ z a modification to a ,/ate plan t has be5 approv$ "u section #aab ( ! ,work=ce ,inve/m5t ,act ( #aiih4 7,b7 ,submission & approval 7i7 ,submission ,! ,gov]nor %all submit a plan to ! ,secret>y ( ,labor n lat] ?an #ge days aft] ! enactm5t ( ?is ,act & ! ,secret>y ( ,labor %all make a det]m9ation reg>d+ ! approval or disapproval ( su* plans n lat] ?an #de days aft] ! submission ( su* plan4 ,if ! plan is disapprov$1 ! ,secret>y ( ,labor may provide a reasonable p]iod ( "t 9 :i* a disapprov$ plan may be am5d$ & resubmitt$ = approval4 7ii7 ,approval ,! ,secret>y ( ,labor %all approve a ,/ate plan t ! ,secret>y det]m9es is consi/5t ) requirem5ts ( ?is section & reasonably appropriate & adequate to c>ry out ! purposes ( ?is section4 ,if ! plan is approv$1 ! ,secret>y %all allot funds to ,/ates )9 #cj days aft] su* approval4 7#c7 ,modifications to /ate plan ,! ,gov]nor may submit a modification to a ,/ate plan "u ?is subsection consi/5t ) ! requirem5ts ( ?is section4 7d7 ,adm9i/ration )9 ! /ate 7#a7 ,option ,! ,/ate may adm9i/] ! funds = activities "u ?is section ?r\gh-- 7,a7 ! ,/ate & local entities responsible = ! adm9i/ration ( ! adult =mula program "u title ,i-,b ( ! ,work=ce ,inve/m5t ,act ( #aiih2 7,b7 ! entities responsible = ! adm9i/ration ( ! ,,tanf program "u "p ,a ( title ,,iv ( ! ,social ,security ,act2 or 7,c7 a comb9ation ( ! entities describ$ 9 subp>agraphs 7,a7 & 7,b74 7#b7 ,)9-/ate allocations 7,a7 ,allocation ( funds ,! ,gov]nor may res]ve up to #e p]c5t ( ! allotm5t "u subsection 7b77#b7 = adm9i/ration & te*nical assi/ance1 & %all allocate ! rema9d]1 9 accordance ) ! option elect$ "u p>agraph 7#a7-- 7i7 among local work=ce inve/m5t areas )9 ! ,/ate 9 accordance ) ! factors id5tifi$ 9 subsection 7b77#b71 except t = purposes ( su* allocation ref]5ces to a ,/ate 9 su* p>agraph %all be deem$ to be ref]5ces to a local work=ce inve/m5t area & ref]5ces to all ,/ates %all be deem$ to be ref]5ces to all local areas 9 ! ,/ate involv$1 ( :i* n m ?an #aj p]c5t ( ! funds allocat$ to a local work=ce inve/m5t area may be us$ = ! co/s ( adm9i/ration ( ?is section2 or 7ii7 ?r\gh entities responsible = ! adm9i/ration ( ! ,,tanf program "u "p ,a ( title ,,iv ( ! ,social ,security ,act 9 local areas 9 su* mann] z ! ,/ate may det]m9e appropriate4 7,b7 ,local plans 7i7 ,9 g5]al ,9 ! case :]e ! responsibility = ! adm9i/ration ( activities is to be c>ri$ out by ! entities describ$ "u p>agraph 7#a77;,a71 9 ord] to receive an allocation "u subp>agraph 7,a77i71 a local work=ce inve/m5t bo>d1 9 p>tn]%ip ) ! *ief elect$ (ficial ( ! local work=ce inve/m5t area involv$1 %all submit to ! ,gov]nor a local plan = ! use ( su* funds "u ?is section n lat] ?an #cj days aft] ! submission ( ! ,/ate plan4 ,su* local plan may be submitt$ z a modification to a local plan approv$ "u section #aah ( ! ,work=ce ,inve/m5t ,act ( #aiih4 7ii7 ,cont5ts ,! local plan describ$ 9 clause 7i7 %all conta9 ! elem5ts describ$ 9 subp>agraphs 7,a7-7,h7 ( subsection 7c77#a71 z appli$ to ! local work=ce inve/m5t area4 7iii7 ,approval ,! ,gov]nor %all approve or disapprove ! local plan submitt$ "u clause 7i7 )9 #cj days aft] submission1 or if lat]1 #cj days aft] ! approval ( ! ,/ate plan4 ,! ,gov]nor %all approve ! plan unless ! ,gov]nor det]m9es t ! plan is inconsi/5t ) requirem5ts ( ?is section or is n reasonably appropriate & adequate to c>ry out ! purposes ( ?is section4 ,if ! ,gov]nor has n made a det]m9ation )9 ! p]iod specifi$ "u ! fir/ s5t5ce ( ?is clause1 ! plan %all be consid]$ approv$4 ,if ! plan is disapprov$1 ! ,gov]nor may provide a reasonable p]iod ( "t 9 :i* a disapprov$ plan may be am5d$ & resubmitt$ = approval4 ,! ,gov]nor %all allocate funds to local work=ce inve/m5t areas ) approv$ plans )9 #cj days aft] su* approval4 7,c7 ,reallocation ( funds to local areas ,if a local work=ce inve/m5t bo>d does n submit a local plan by ! "t specifi$ 9 subp>agraph 7,b7 or ! ,gov]nor does n approve a local plan1 ! am\nt ! local work=ce inve/m5t area w\ld h be5 eligible to receive pursuant to ! =mula "u subp>agraph 7,a77i7 %all be allocat$ to local work=ce inve/m5t areas t receive approval ( ! local plan "u subp>agraph 7,b74 ,su* reallocations %all be made 9 accordance ) ! relative %>e ( ! allocations to su* local work=ce inve/m5t areas apply+ ! =mula factors describ$ "u subp>agraph 7,a77i74 7e7 ,use ( funds 7#a7 ,9 g5]al ,! funds "u ?is section %all be us$ to provide subsidiz$ employm5t = unemploy$1 l[-income adults4 ,! ,/ate & local entities describ$ 9 subsection 7d77#a7 may use a v>iety ( /rategies 9 recruit+ employ]s & id5tify+ appropriate employm5t opportunities1 ) a priority to be provid$ to employm5t opportunities likely to lead to unsubsidiz$ employm5t 9 em]g+ or 9-dem& occupations 9 ! local area4 ,funds "u ?is section may be us$ to provide support s]vices1 su* z transportation & *ild c>e1 t are necess>y to enable ! p>ticipation ( individuals 9 subsidiz$ employm5t opportunities4 7#b7 ,level ( subsidy & duration ,! ,/ates or local entities describ$ 9 subsection 7d77#a7 may det]m9e ! p]c5tage ( ! wages & co/s ( employ+ a p>ticipant = :i* an employ] may receive a subsidy ) ! funds provid$ "u ?is section1 & ! duration ( su* subsidy1 9 accordance ) guidance issu$ by ! ,secret>y4 ,! ,/ate or local entities may e/abli% crit]ia = det]m9+ su* p]c5tage or duration us+ appropriate factors su* z ! size ( ! employ] & types ( employm5t4 7f7 ,coord9ation ( ,f$]al adm9i/ration ,! ,secret>y ( ,labor %all adm9i/] ?is section 9 coord9ation ) ! ,secret>y ( ,heal? & ,human ,s]vices to ensure ! effective implem5tation ( ?is section4 #cfe4 ,summ] employm5t & ye>-r\nd employm5t opportunities = l[-income y\? 7a7 ,9 g5]al ,f ! funds available "u section #cfc7;a77#b71 ! ,secret>y ( ,labor %all make an allotm5t "u subsection 7c7 to ea* ,/ate t has a ,/ate plan modification 7or o!r =m ( reque/ = funds specifi$ 9 guidance "u subsection 7b77 approv$ "u subsection 7d7 & to ea* outly+ area & ,native ,am]ican grantee "u section #aff ( ! ,work=ce ,inve/m5t ,act ( #aiih t meets ! requirem5ts ( ?is section1 = ! purpose ( provid+ summ] employm5t & ye>-r\nd employm5t opportunities to l[-income y\?4 7b7 ,guidance & application ( requirem5ts 7#a7 ,guidance ,n lat] ?an #bj days aft] ! date ( enactm5t ( ?is ,act1 ! ,secret>y ( ,labor %all issue guidance reg>d+ ! implem5tation ( ?is section4 ,su* guidance %all1 consi/5t ) ?is section1 include proc$ures = ! submission & approval ( ,/ate plan modifications1 or = =ms ( reque/s = funds by ! ,/ate z may be id5tifi$ 9 su* guidance1 local plan modifications1 or o!r =ms ( reque/s = funds f local work=ce inve/m5t areas z may be id5tifi$ 9 su* guidance1 & ! allotm5t & allocation ( funds1 includ+ reallotm5t & reallocation ( su* funds1 t promote ! exp$iti\s & effective implem5tation ( ! activities au?oriz$ "u ?is section4 7#b7 ,requirem5ts ,except z o!rwise provid$ 9 ! guidance describ$ 9 p>agraph 7#a7 & 9 ?is section & o!r provisions ( ?is ,act1 ! funds provid$ = activities "u ?is section %all be adm9i/]$ 9 accordance ) subtitles ,b & ,e ( title ,i ( ! ,work=ce ,inve/m5t ,act ( #aiih relat+ to y\? activities4 7c7 ,/ate allotm5ts 7#a7 ,res]vations = outly+ areas & tribes ,( ! funds describ$ subsection 7a71 ! ,secret>y %all res]ve-- 7,a7 n m ?an "o-qu>t] ( "o p]c5t to provide assi/ance to outly+ areas to provide summ] & ye>-r\nd employm5t opportunities to l[-income y\?2 & 7,b7 #a4e p]c5t to provide assi/ance to grantees ( ! ,native ,am]ican programs "u section #aff ( ! ,work=ce ,inve/m5t ,act ( #aiih to provide summ] & ye>-r\nd employm5t opportunities to l[-income y\?4 7#b7 ,/ates ,aft] det]m9+ ! am\nts to be res]v$ "u p>agraph 7#a71 ! ,secret>y ( ,labor %all allot ! rema9d] ( ! am\nts describ$ 9 subsection 7a7 among ! ,/ates 9 accordance ) ! factors describ$ 9 section #cfd7;b77#b7 ( ?is ,act4 7#c7 ,reallotm5t ,if ! ,gov]nor ( a ,/ate does n submit a ,/ate plan modification or o!r reque/ = funds specifi$ 9 guidance "u subsection 7b7 by ! "t specifi$ 9 subsection 7d77#b77;,b71 or a ,/ate does n receive approval ( su* ,/ate plan modification or reque/1 ! am\nt ! ,/ate w\ld h be5 eligible to receive pursuant to ! =mula "u p>agraph 7#b7 %all be add$ to ! am\nts available = ! competitive grants "u section #cfc7;a77#c74 7d7 ,/ate plan modification 7#a7 ,9 g5]al ,= a ,/ate to be eligible to receive an allotm5t ( ! funds "u subsection 7c71 ! ,gov]nor ( ! ,/ate %all submit to ! ,secret>y ( ,labor a modification to a ,/ate plan approv$ "u section #aab ( ! ,work=ce ,inve/m5t ,act ( #aiih1 or o!r reque/ = funds describ$ 9 guidance 9 subsection 7b71 9 su* =m & conta9+ su* in=mation z ! ,secret>y may require4 ,at a m9imum1 su* plan modification or reque/ %all include-- 7,a7 a description ( ! /rategies & activities to be c>ri$ out to provide summ] employm5t opportunities & ye>-r\nd employm5t opportunities1 includ+ ! l9kages to educational activities1 consi/5t ) subsection 7f72 7,b7 a description ( ! requirem5ts ! ,/ates w apply relat+ to ! eligibility ( l[-income y\?1 consi/5t ) section #cfh7d71 = summ] employm5t opportunities & ye>-r\nd employm5t opportunities1 :i* may include crit]ia to t>get assi/ance to p>ticul> categories ( su* l[-income y\?1 su* z y\? ) disabilities1 consi/5t ) subsection 7f72 7,c7 a description ( ! p]=mance outcomes to be a*iev$ by ! ,/ate ?r\gh ! activities c>ri$ out "u ?is section & ! processes ! ,/ate w use to track p]=mance1 consi/5t ) guidance provid$ by ! ,secret>y ( ,labor reg>d+ su* outcomes & processes & ) section #cfg7;b72 7,d7 a description ( ! timel9es = implem5tation ( ! activities describ$ 9 subp>agraph 7,a71 & ! numb] ( l[-income y\? expect$ to be plac$ 9 summ] employm5t opportunities1 & ye>-r\nd employm5t opportunities1 respectively1 by qu>t]2 7,e7 assurances t ! ,/ate w report su* in=mation z ! ,secret>y may require relat+ to fiscal1 p]=mance & o!r matt]s t ! ,secret>y det]m9es is necess>y to effectively monitor ! activities c>ri$ out "u ?is section2 & 7,f7 assurances t ! ,/ate w ensure compliance ) ! labor /&>ds protections describ$ 9 section #cfg7;a74 7#b7 ,submission & approval ( /ate plan modification or reque/ 7,a7 ,submission ,! ,gov]nor %all submit a modification ( ! ,/ate plan or o!r reque/ = funds describ$ 9 guidance 9 subsection 7b7 to ! ,secret>y ( ,labor n lat] ?an #cj days aft] ! issuance ( su* guidance4 ,! ,/ate plan modification or reque/ = funds requir$ "u ?is subsection may be submitt$ 9 conjunction ) ! ,/ate plan requir$ "u section #cfd4 7,b7 ,approval ,! ,secret>y ( ,labor %all approve ! plan or reque/ submitt$ "u subp>agraph 7,a7 )9 #cj days aft] submission1 unless ! ,secret>y det]m9es t ! plan or reque/ is inconsi/5t ) ! requirem5ts ( ?is section4 ,if ! ,secret>y has n made a det]m9ation )9 #cj days1 ! plan or reque/ %all be consid]$ approv$4 ,if ! plan or reque/ is disapprov$1 ! ,secret>y may provide a reasonable p]iod ( "t 9 :i* a disapprov$ plan or reque/ may be am5d$ & resubmitt$ = approval4 ,if ! plan or reque/ is approv$1 ! ,secret>y %all allot funds to ,/ates )9 #cj days aft] su* approval4 7#c7 ,modifications to /ate plan or reque/ ,! ,gov]nor may submit fur!r modifications to a ,/ate plan or reque/ = funds id5tifi$ "u subsection 7b7 to c>ry out ?is section 9 accordance ) ! requirem5ts ( ?is section4 7e7 ,)9-,/ate allocation & adm9i/ration 7#a7 ,9 g5]al ,( ! funds allott$ to ! ,/ate "u subsection 7c71 ! ,gov]nor-- 7,a7 may res]ve up to #e p]c5t ( ! allotm5t = adm9i/ration & te*nical assi/ance2 & 7,b7 %all allocate ! rema9d] ( ! allotm5t among local work=ce inve/m5t areas )9 ! ,/ate 9 accordance ) ! factors id5tifi$ 9 section #cfd7;b77#b71 except t = purposes ( su* allocation ref]5ces to a ,/ate 9 su* p>agraph %all be deem$ to be ref]5ces to a local work=ce inve/m5t area & ref]5ces to all ,/ates %all be deem$ to be ref]5ces to all local areas 9 ! ,/ate involv$4 ,n m ?an #aj p]c5t ( ! funds allocat$ to a local work=ce inve/m5t area may be us$ = ! co/s ( adm9i/ration ( ?is section4 7#b7 ,local plan 7,a7 ,submission ,9 ord] to receive an allocation "u p>agraph 7#a77;,b71 ! local work=ce inve/m5t bo>d1 9 p>tn]%ip ) ! *ief elect$ (ficial = ! local work=ce inve/m5t area involv$1 %all submit to ! ,gov]nor a modification to a local plan approv$ "u section #aah ( ! ,work=ce ,inve/m5t ,act ( #aiih1 or o!r =m ( reque/ = funds z may be id5tifi$ 9 ! guidance issu$ "u subsection 7b71 n lat] ?an #cj days aft] ! submission by ! ,/ate ( ! modification to ! ,/ate plan or o!r reque/ = funds id5tifi$ 9 subsection 7b71 describ+ ! /rategies & activities to be c>ri$ out "u ?is section4 7,b7 ,approval ,! ,gov]nor %all approve ! local plan submitt$ "u subp>agraph 7,a7 )9 #cj days aft] submission1 unless ! ,gov]nor det]m9es t ! plan is inconsi/5t ) requirem5ts ( ?is section4 ,if ! ,gov]nor has n made a det]m9ation )9 #cj days1 ! plan %all be consid]$ approv$4 ,if ! plan is disapprov$1 ! ,gov]nor may provide a reasonable p]iod ( "t 9 :i* a disapprov$ plan may be am5d$ & resubmitt$ = approval4 ,! ,gov]nor %all allocate funds to local work=ce inve/m5t areas ) approv$ plans )9 #cj days aft] approval4 7#c7 ,reallocation ,if a local work=ce inve/m5t bo>d does n submit a local plan modification 7or o!r reque/ = funds id5tifi$ 9 guidance "u subsection 7b77 by ! "t specifi$ 9 p>agraph 7#b71 or does n receive approval ( a local plan1 ! am\nt ! local work=ce inve/m5t area w\ld h be5 eligible to receive pursuant to ! =mula "u p>agraph 7#a77;,b7 %all be allocat$ to local work=ce inve/m5t areas t receive approval ( ! local plan modification or reque/ = funds "u p>agraph 7#b74 ,su* reallocations %all be made 9 accordance ) ! relative %>e ( ! allocations to su* local work=ce inve/m5t areas apply+ ! =mula factors describ$ "u p>agraph 7#a77;,b74 7f7 ,use ( funds 7#a7 ,9 g5]al ,! funds provid$ "u ?is section %all be us$-- 7,a7 to provide summ] employm5t opportunities = l[-income y\?1 ages #af ?r\gh #bd1 ) direct l9kages to academic & occupational le>n+1 & may include ! provision ( supportive s]vices1 su* z transportation or *ild c>e1 necess>y to enable su* y\? to p>ticipate2 & 7,b7 to provide ye> r\nd employm5t opportunities1 :i* may be comb9$ ) o!r activities au?oriz$ "u section #abi ( ! ,work=ce ,inve/m5t ,act ( #aiih1to l[-income y\?1 ages #af ?r\gh #bd1 ) a priority to out-( s*ool y\? :o are-- 7i7 high s*ool drop\ts2 or 7ii7 recipi5ts ( a second>y s*ool diploma or its equival5t b :o are basic skills defici5t unemploy$ or und]employ$4 7#b7 ,program priorities ,9 adm9i/]+ ! funds "u ?is section1 ! local bo>d & local *ief elect$ (ficials %all give a priority to-- 7,a7 id5tify+ employm5t opportunities t are-- 7i7 9 em]g+ or 9-dem& occupations 9 ! local work=ce inve/m5t area2 or 7ii7 9 ! public or nonpr(it sector t meet community ne$s2 & 7,b7 l9k+ ye>-r\nd program p>ticipants to tra9+ & educational activities t w provide su* p>ticipants an indu/ry-recogniz$ c]tificate or cr$5tial4 7#c7 ,p]=mance acc\ntability ,= activities fund$ "u ?is section1 9 lieu ( ! requirem5ts describ$ 9 section #acf ( ! ,work=ce ,inve/m5t ,act ( #aiih1 ,/ate & local work=ce inve/m5t areas %all provide su* reports z ! ,secret>y ( ,labor may require reg>d+ ! p]=mance outcomes describ$ 9 section #cfg7;a77#e74 #cff4 ,"w-bas$ employm5t /rategies ( demon/rat$ effectiv5ess 7a7 ,9 g5]al ,f ! funds available "u section #cfc7;a77#c71 ! ,secret>y ( ,labor %all aw>d grants on a competitive basis to eligible entities to c>ry out "w-bas$ /rategies ( demon/rat$ effectiv5ess4 7b7 ,use ( funds ,! grants aw>d$ "u ?is section %all be us$ to support /rategies & activities ( demon/rat$ effectiv5ess t are design$ to provide unemploy$1 l[-income adults or l[-income y\? ) ! skills t w lead to employm5t z "p ( or ^u completion ( p>ticipation 9 su* activities4 ,su* /rategies & activities may include-- 7#a7 on-!-job tra9+1 regi/]$ appr5tice%ip programs1 or o!r programs t comb9e "w ) skills developm5t2 7#b7 sector-bas$ tra9+ programs t h be5 design$ to meet ! specific requirem5ts ( an employ] or gr\p ( employ]s 9 t sector & :]e employ]s are committ$ to hir+ individuals ^u successful completion ( ! tra9+2 7#c7 tra9+ t supports an indu/ry sector or an employ]-bas$ or labor-managem5t committee indu/ry p>tn]%ip :i* includes a significant "w-exp]i5ce compon5t2 7#d7 acquisition ( indu/ry-recogniz$ cr$5tials 9 a field id5tifi$ by ! ,/ate or local work=ce inve/m5t area z a gr[? sector or dem& indu/ry 9 :i* !re are likely to be significant job opportunities 9 ! %ort t]m2 7#e7 connections to imm$iate "w opportunities1 includ+ subsidiz$ employm5t opportunities1 or summ] employm5t opportunities = y\?1 t includes concurr5t skills tra9+ & o!r supports2 7#f7 c>e] academies t provide /ud5ts ) ! academic prep>ation & tra9+1 includ+ paid int]n%ips & concurr5t enrollm5t 9 community colleges or o!r po/second>y in/itutions1 ne$$ to pursue a c>e] pa?way t leads to po/second>y cr$5tials & high-dem& jobs2 & 7#g7 adult basic education & integrat$ basic education & tra9+ models = l[-skill$ adults1 ho/$ at community colleges or at o!r sites1 to prep>e individuals = jobs t are 9 dem& 9 a local area4 7c7 ,eligible entity ,an eligible entity %all include a local *ief elect$ (ficial1 9 collaboration ) ! local work=ce inve/m5t bo>d = ! local work=ce inve/m5t area involv$ 7:i* may include a p>tn]%ip ) ( su* (ficials & bo>ds 9 ! region & 9 ! ,/ate71 or an entity eligible to apply = an ,indian & ,native ,am]ican grant "u section #aff ( ! ,work=ce ,inve/m5t ,act ( #aiih1 & may include1 9 p>tn]%ip ) su* (ficials1 bo>ds1 & entities1 ! foll[+-- 7#a7 employ]s or employ] associations2 7#b7 adult education provid]s & po/second>y educational in/itutions1 includ+ community colleges2 7#c7 community-bas$ organizations2 7#d7 jo9t labor-managem5t committees2 7#e7 "w-relat$ int]m$i>ies2 or 7#f7 o!r appropriate organizations4 7d7 ,application ,an eligible entity seek+ to receive a grant "u ?is section %all submit to ! ,secret>y ( ,labor an application at su* "t1 9 su* mann]1 & conta9+ su* in=mation z ! ,secret>y may require4 ,at a m9imum1 ! application %all-- 7#a7 describe ! /rategies & activities ( demon/rat$ effectiv5ess t ! eligible entities w c>ry out to provide unemploy$1 l[-income adults & l[-income y\? ) ! skills t w lead to employm5t ^u completion ( p>ticipation 9 su* activities2 7#b7 describe ! requirem5ts t w apply relat+ to ! eligibility ( unemploy$1 l[-income adults or l[-income y\?1 consi/5t ) p>agraphs 7#d7 & 7#f7 ( section #cfh1 = activities c>ri$ out "u ?is section1 :i* may include crit]ia to t>get assi/ance to p>ticul> categories ( su* adults & y\?1 su* z individuals ) disabilities or individuals :o h exhau/$ all rights to unemploym5t comp5sation2 7#c7 describe h[ ! /rategies & activities address ! ne$s ( ! t>get populations id5tifi$ 9 p>agraph 7#b7 & ! ne$s ( employ]s 9 ! local area2 7#d7 describe ! expect$ outcomes to be a*iev$ by implem5t+ ! /rategies & activities2 7#e7 provide evid5ce t ! funds provid$ may be exp5d$ exp$iti\sly & effici5tly to implem5t ! /rategies & activities2 7#f7 describe h[ ! /rategies & activities w be coord9at$ ) o!r ,f$]al1 ,/ate & local programs provid+ employm5t1 education & supportive activities2 7#g7 provide evid5ce ( employ] commitm5t to p>ticipate 9 ! activities fund$ "u ?is section1 includ+ id5tification ( anticipat$ occupational & skill ne$s2 7#h7 provide assurances t ! grant recipi5t w report su* in=mation z ! ,secret>y may require relat+ to fiscal1 p]=mance & o!r matt]s t ! ,secret>y det]m9es is necess>y to effectively monitor ! activities c>ri$ out "u ?is section2 & 7#i7 provide assurances t ! use ( ! funds provid$ "u ?is section w comply ) ! labor /&>ds & protections describ$ section #cfg7;a74 7e7 ,priority 9 aw>ds ,9 aw>d+ grants "u ?is section1 ! ,secret>y ( ,labor %all give a priority to applications submitt$ by eligible entities f areas ( high pov]ty & high unemploym5t1 z def9$ by ! ,secret>y1 su* z ,public ,use ,microdata ,areas 7,p,u,m,as7 z designat$ by ! ,c5sus ,bureau4 7f7 ,coord9ation ( ,f$]al adm9i/ration ,! ,secret>y ( ,labor %all adm9i/] ?is section 9 coord9ation ) ! ,secret>y ( ,education1 ,secret>y ( ,heal? & ,human ,s]vices1 & o!r appropriate ag5cy heads1 to ensure ! effective implem5tation ( ?is section4 #cfg4 ,g5]al requirem5ts 7a7 ,labor /&>ds & protections ,activities provid$ ) funds "u ?is ,act %all be subject to ! requirem5ts & re/rictions1 includ+ ! labor /&>ds1 describ$ 9 section #aha ( ! ,work=ce ,inve/m5t ,act ( #aiih & ! nondiscrim9ation provisions ( section #ahh ( su* ,act1 9 addition to o!r applicable ,f$]al laws4 7b7 ,report+ ,! ,secret>y may require ! report+ ( in=mation relat+ to fiscal1 p]=mance & o!r matt]s t ! ,secret>y det]m9es is necess>y to effectively monitor ! activities c>ri$ out ) funds provid$ "u ?is ,act4 ,at a m9imum1 grantees & subgrantees %all provide in=mation relat+ to-- 7#a7 ! numb] individuals p>ticipat+ 9 activities ) funds provid$ "u ?is ,act & ! numb] ( su* individuals :o h complet$ su* p>ticipation2 7#b7 ! exp5ditures ( funds provid$ "u ! ,act2 7#c7 ! numb] ( jobs creat$ pursuant to ! activities c>ri$ out "u ?is ,act2 7#d7 ! demographic *>act]i/ics ( individuals p>ticipat+ 9 activities "u ?is ,act2 & 7#e7 ! p]=mance outcomes ( individuals p>ticipat+ 9 activities "u ?is ,act1 includ+-- 7,a7 = adults p>ticipat+ 9 activities fund$ "u section #cfd ( ?is ,act-- 7i7 entry 9 unsubsidiz$ employm5t1 7ii7 ret5tion 9 unsubsidiz$ employm5t1 & 7iii7 e>n+s 9 unsubsidiz$ employm5t2 7,b7 = l[-income y\? p>ticipat+ 9 summ] employm5t activities "u sections #cfe & #cff-- 7i7 "w read9ess skill atta9m5t us+ an employ] validat$ *eckli/2 & 7ii7 placem5t 9 or return to second>y or po/second>y education or tra9+1 or entry into unsubsidiz$ employm5t2 7,c7 = l[-income y\? p>ticipat+ 9 ye>-r\nd employm5t activities "u section #cfe or 9 activities "u section #cff-- 7i7 placem5t 9 or return to po/-second>y education2 7ii7 atta9m5t ( high s*ool diploma or its equival5t2 7iii7 atta9m5t ( an indu/ry-recogniz$ cr$5tial2 & 7iv7 entry into unsubsidiz$ employm5t1 ret5tion1 & e>n+s z describ$ 9 subp>agraph 7,a72 & 7,d7 = unemploy$1 l[-income adults p>ticipat+ 9 activities "u section #cff-- 7i7 entry into unsubsidiz$ employm5t1 ret5tion1 & e>n+s z describ$ 9 subp>agraph 7,a72 & 7ii7 ! atta9m5t ( indu/ry-recogniz$ cr$5tials4 7c7 ,activities requir$ ,to be additional ,funds provid$ "u ?is ,act %all only be us$ = activities t are 9 addition to activities t w\ld o!rwise be available 9 ! ,/ate or local area 9 ! abs5ce ( su* funds4 7d7 ,additional requirem5ts ,! ,secret>y ( ,labor may e/abli% su* additional requirem5ts z ! ,secret>y det]m9es may be necess>y to ensure fiscal integrity1 effective monitor+1 & ! appropriate & prompt implem5tation ( ! activities "u ?is ,act4 7e7 ,report ( in=mation & evaluations to congress & ! public ,! ,secret>y ( ,labor %all provide to ! appropriate ,committees ( ! ,congress & make available to ! public ! in=mation report$ pursuant to subsection 7b7 & ! evaluations ( activities c>ri$ out pursuant to ! funds res]v$ "u section #cfc7;b74 #cfh4 ,def9itions ,9 ?is ,act3 7#a7 ,local *ief elect$ (ficial ,! t]m local *ief elect$ (ficial means ! *ief elect$ executive (fic] ( a unit ( local gov]nm5t 9 a local work=ce inve/m5t area or 9 ! case :]e m ?an "o unit ( g5]al gov]nm5t1 ! individuals designat$ "u an agreem5t describ$ 9 section #aag7;c77#a77;,b7 ( ! ,work=ce ,inve/m5t ,act ( #aiih4 7#b7 ,local work=ce inve/m5t area ,! t]m local work=ce inve/m5t area means su* area designat$ "u section #aaf ( ! ,work=ce ,inve/m5t ,act ( #aiih4 7#c7 ,local work=ce inve/m5t bo>d ,! t]m local work=ce inve/m5t bo>d means su* bo>d e/abli%$ "u section #aag ( ! ,work=ce ,inve/m5t ,act ( #aiih4 7#d7 ,l[-income y\? ,! t]m l[-income y\? means an individual :o-- 7,a7 is ag$ #af ?r\gh #bd2 7,b7 meets ! def9ition ( a l[-income individual provid$ 9 section #aja7be7 ( ! ,work=ce ,inve/m5t ,act ( #aiih1 except t ,/ates1 local work=ce inve/m5t areas "u section #cfe & eligible entities "u section #cff7;c71 subject to approval 9 ! applicable ,/ate plans1 local plans1 & applications = funds1 may increase ! income level specifi$ 9 subp>agraph 7,b77i7 ( su* section to an am\nt n 9 excess ( #bjj p]c5t ( ! pov]ty l9e = purposes ( det]m9+ eligibility = p>ticipation 9 activities "u sections #cfe & #cff ( ?is ,act2 & 7,c7 is 9 "o or m ( ! categories specifi$ 9 section #aja7ac77;,c7 ( ! ,work=ce ,inve/m5t ,act ( #aiih4 7#e7 ,outly+ area ,! t]m outly+ area means ! ,unit$ ,/ates ,virg9 ,isl&s1 ,guam1 ,am]ican ,samoa1 ! ,commonweal? ( ! ,nor!rn ,m>iana ,isl&s1 & ! ,republic ( ,palau4 7#f7 ,unemploy$1 l[-income adult ,! t]m unemploy$1 l[-income adult means an individual :o-- 7,a7 is age #ah or old]2 7,b7 is )\t employm5t & is seek+ assi/ance "u ?is ,act to obta9 employm5t2 & 7,c7 meets ! def9ition ( a l[-income individual "u section #aja7be7 ( ! ,work=ce ,inve/m5t ,act ( #aiih1 except t = t ,/ates1 local entities describ$ 9 section #cfd7;d77#a7 & eligible entities "u section #cff7;c71 subject to approval 9 ! applicable ,/ate plans1 local plans1 & applications = funds1 may increase ! income level specifi$ 9 subp>agraph 7,b77i7 ( su* section to an am\nt n 9 excess ( #bjj p]c5t ( ! pov]ty l9e = purposes ( det]m9+ eligibility = p>ticipation 9 activities "u sections #cfd & #cff ( ?is ,act4 7#g7 ,/ate ,! t]m ,/ate means ea* ( ! sev]al ,/ates ( ! ,unit$ ,/ates1 ! ,di/rict ( ,columbia1 & ,pu]to ,rico4 ,d ,prohibition ( discrim9ation 9 employm5t on ! basis ( an individual's /atus z unemploy$ #cga4 ,%ort title ,?is subtitle may be cit$ z ! ,fair ,employm5t ,opportunity ,act ( #bjac4 #cgb4 ,f9d+s & purpose 7a7 ,f9d+s ,congress f9ds t d5ial ( employm5t opportunities to individuals because ( _! /atus z unemploy$ is discrim9atory & burd5s comm]ce by-- 7#a7 r$uc+ p]sonal consumption & und]m9+ economic /ability & gr[?2 7#b7 squ&]+ human capital ess5tial to ! ,nation's economic vibrancy & gr[?2 7#c7 increas+ dem&s = ,f$]al & ,/ate unemploym5t insurance b5efits1 r$uc+ tru/ fund assets1 & lead+ to high] payroll taxes = employ]s1 cuts 9 b5efits = jobless work]s1 or bo?2 7#d7 impos+ additional burd5s on publicly fund$ heal? & welf>e programs2 & 7#e7 depress+ income1 prop]ty1 & o!r tax rev5ues t ! ,f$]al ,gov]nm5t1 ,/ates1 & localities rely on to support op]ations & in/itutions ess5tial to comm]ce4 7b7 ,purposes ,! purposes ( ?is subtitle are-- 7#a7 to prohibit employ]s & employm5t ag5cies f disqualify+ an individual f employm5t opportunities because ( t individual's /atus z unemploy$2 7#b7 to prohibit employ]s & employm5t ag5cies f publi%+ or po/+ any adv]tisem5t or ann\ncem5t = an employm5t opportunity t indicates t an individual's /atus z unemploy$ disqualifies t individual = ! opportunity2 & 7#c7 to elim9ate ! burd5s impos$ on comm]ce due to ! exclusion ( su* individuals f employm5t4 #cgc4 ,def9itions ,z us$ 9 ?is subtitle-- 7#a7 ! t]m affect$ individual means any p]son :o 0 subject to an unlawful employm5t practice solely because ( t individual's /atus z unemploy$2 7#b7 ! t]m ,commission means ! ,equal ,employm5t ,opportunity ,commission2 7#c7 ! t]m employee means-- 7,a7 an employee z def9$ 9 section #gja7;f7 ( ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;e7f772 7,b7 a ,/ate employee to :i* section #cjb7;a77#a7 ( ! ,gov]nm5t ,employee ,rights ,act ( #aiia 7#db ,u4,s4,c4 #bjjj;e-#af;b7a77#a77 applies2 7,c7 a cov]$ employee1 z def9$ 9 section #aja ( ! ,congressional ,acc\ntability ,act ( #aiie 7#b ,u4,s4,c4 #acja7 or section #daa7;c7 ( title #c1 ,unit$ ,/ates ,code2 or 7,d7 an employee or applicant to :i* section #gag7;a7 ( ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;e-#af7;a77 applies2 7#d7 ! t]m employ] means-- 7,a7 a p]son engag$ 9 an indu/ry affect+ comm]ce 7z def9$ 9 section #gja7;h7 ( ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;e7h77 :o has #ae or m employees = ea* work+ day 9 ea* ( #bj or m cal5d> weeks 9 ! curr5t or prec$+ cal5d> ye>1 & any ag5t ( su* a p]son1 b does n include a bona fide private memb]%ip club t is exempt f taxation "u section #eja7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf2 7,b7 an employ+ au?ority to :i* section #cjb7;a77#a7 ( ! ,gov]nm5t ,employee ,rights ,act ( #aiia applies2 7,c7 an employ+ (fice1 z def9$ 9 section #aja ( ! ,congressional ,acc\ntability ,act ( #aiie or section #daa7;c7 ( title #c1 ,unit$ ,/ates ,code2 or 7,d7 an entity to :i* section #gag7;a7 ( ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;e-#af7;a77 applies2 7#e7 ! t]m employm5t ag5cy means any p]son regul>ly und]tak+ ) or )\t comp5sation to procure employees = an employ] or to procure = individuals opportunities to "w z employees = an employ] & includes an ag5t ( su* a p]son1 & any p]son :o ma9ta9s an ,int]net website or pr9t m$ium t publi%es adv]tisem5ts or ann\ncem5ts ( op5+s 9 jobs = employees2 7#f7 ! t]m p]son has ! mean+ giv5 ! t]m 9 section #gja7;a7 ( ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;e7a772 & 7#g7 ! t]m /atus z unemploy$1 us$ ) respect to an individual1 means t ! individual1 at ! "t ( application = employm5t or at ! "t ( action alleg$ to violate ?is subtitle1 does n h a job1 is available = "w & is se>*+ = "w4 #cgd4 ,prohibit$ acts 7a7 ,employ]s ,x %all be an unlawful employm5t practice = an employ] to-- 7#a7 publi% 9 pr9t1 on ! ,int]net1 or 9 any o!r m$ium1 an adv]tisem5t or ann\ncem5t = an employee = any job t includes-- 7,a7 any provision /at+ or indicat+ t an individual's /atus z unemploy$ disqualifies ! individual = any employm5t opportunity2 or 7,b7 any provision /at+ or indicat+ t an employ] w n consid] or hire an individual = any employm5t opportunity bas$ on t individual's /atus z unemploy$2 7#b7 fail or refuse to consid] = employm5t1 or fail or refuse to hire1 an individual z an employee because ( ! individual's /atus z unemploy$2 or 7#c7 direct or reque/ t an employm5t ag5cy take an individual's /atus z unemploy$ into acc\nt to disqualify an applicant = consid]ation1 scre5+1 or ref]ral = employm5t z an employee4 7b7 ,employm5t ag5cies ,x %all be an unlawful employm5t practice = an employm5t ag5cy to-- 7#a7 publi%1 9 pr9t or on ! ,int]net or 9 any o!r m$ium1 an adv]tisem5t or ann\ncem5t = any vacancy 9 a job1 z an employee1 t includes-- 7,a7 any provision /at+ or indicat+ t an individual's /atus z unemploy$ disqualifies ! individual = any employm5t opportunity2 or 7,b7 any provision /at+ or indicat+ t ! employm5t ag5cy or an employ] w n consid] or hire an individual = any employm5t opportunity bas$ on t individual's /atus z unemploy$2 7#b7 scre51 fail or refuse to consid]1 or fail or refuse to ref] an individual = employm5t z an employee because ( ! individual's /atus z unemploy$2 or 7#c7 limit1 segregate1 or classify any individual 9 any mann] t w\ld limit or t5d to limit ! individual's access to in=mation ab\t jobs1 or consid]ation1 scre5+1 or ref]ral = jobs1 z employees1 solely because ( an individual's /atus z unemploy$4 7c7 ,int]f]5ce ) rights1 proce$+s or inquiries ,x %all be unlawful = any employ] or employm5t ag5cy to-- 7#a7 int]f]e )1 re/ra91 or d5y ! ex]cise ( or ! attempt to ex]cise1 any "r provid$ "u ?is subtitle2 or 7#b7 fail or refuse to hire1 to dis*>ge1 or 9 any o!r mann] to discrim9ate aga9/ any individual1 z an employee1 because su* individual-- 7,a7 oppos$ any practice made unlawful by ?is subtitle2 7,b7 has ass]t$ any "r1 fil$ any *>ge1 or has in/itut$ or caus$ to be in/itut$ any proce$+1 "u or relat$ to ?is subtitle2 7,c7 has giv51 or is ab\t to give1 any in=mation 9 connection ) any inquiry or proce$+ relat+ to any "r provid$ "u ?is subtitle2 or 7,d7 has te/ifi$1 or is ab\t to te/ify1 9 any inquiry or proce$+ relat+ to any "r provid$ "u ?is subtitle4 7d7 ,con/ruction ,no?+ 9 ?is subtitle is int5d$ to preclude an employ] or employm5t ag5cy f consid]+ an individual's employm5t hi/ory1 or f exam9+ ! reasons und]ly+ an individual's /atus z unemploy$1 9 assess+ an individual's ability to p]=m a job or 9 o!rwise mak+ employm5t decisions ab\t t individual4 ,su* consid]ation or exam9ation may include an assessm5t ( :e!r an individual's employm5t 9 a simil> or relat$ job = a p]iod ( "t reasonably proximate to ! consid]ation ( su* individual = employm5t is job-relat$ or consi/5t ) bus9ess necessity4 #cge4 ,en=cem5t 7a7 ,en=cem5t p[]s ,) respect to ! adm9i/ration & en=cem5t ( ?is subtitle-- 7#a7 ! ,commission %all h ! same p[]s z ! ,commission has to adm9i/] & en=ce-- 7,a7 title ,,vii ( ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;e et seq472 or 7,b7 sections #cjb & #cjd ( ! ,gov]nm5t ,employee ,rights ,act ( #aiia 7#db ,u4,s4,c4 #bjjj;e-#af;b & #bjjj;e-#af;c71 9 ! case ( an affect$ individual :o w\ld be cov]$ by su* title1 or by section #cjb7;a77#a7 ( ! ,gov]nm5t ,employee ,rights ,act ( #aiia 7#db ,u4,s4,c4 #bjjj;e-#af;b7a77#a771 respectively2 7#b7 ! ,libr>ian ( ,congress %all h ! same p[]s z ! ,libr>ian ( ,congress has to adm9i/] & en=ce title ,,vii ( ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;e et seq47 9 ! case ( an affect$ individual :o w\ld be cov]$ by su* title2 7#c7 ! ,bo>d 7z def9$ 9 section #aja ( ! ,congressional ,acc\ntability ,act ( #aiie 7#b ,u4,s4,c4 #acja77 %all h ! same p[]s z ! ,bo>d has to adm9i/] & en=ce ! ,congressional ,acc\ntability ,act ( #aiie 7#b ,u4,s4,c4 #acja et seq47 9 ! case ( an affect$ individual :o w\ld be cov]$ by section #bja7;a77#a7 ( su* ,act 7#b ,u4,s4,c4 #acaa7;a77#a772 7#d7 ! ,attorney ,g5]al %all h ! same p[]s z ! ,attorney ,g5]al has to adm9i/] & en=ce-- 7,a7 title ,,vii ( ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;e et seq472 or 7,b7 sections #cjb & #cjd ( ! ,gov]nm5t ,employee ,rights ,act ( #aiia 7#db ,u4,s4,c4 #bjjj;e-#af;b & #bjjj;e-#af;c72 9 ! case ( an affect$ individual :o w\ld be cov]$ by su* title1 or ( section #cjb7;a77#a7 ( ! ,gov]nm5t ,employee ,rights ,act ( #aiia 7#db ,u4,s4,c4 #bjjj;e-#af;b7a77#a771 respectively2 7#e7 ! ,presid5t1 ! ,commission1 & ! ,m]it ,sy/ems ,protection ,bo>d %all h ! same p[]s z ! ,presid5t1 ! ,commission1 & ! ,bo>d1 respectively1 h to adm9i/] & en=ce *apt] #e ( title #c1 ,unit$ ,/ates ,code1 9 ! case ( an affect$ individual :o w\ld be cov]$ by section #daa ( su* title2 & 7#f7 a c\rt ( ! ,unit$ ,/ates %all h ! same jurisdiction & p[]s z ! c\rt has to en=ce-- 7,a7 title ,,vii ( ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;e et seq47 9 ! case ( a claim alleg$ by su* individual = a violation ( su* title2 7,b7 sections #cjb & #cjd ( ! ,gov]nm5t ,employee ,rights ,act ( #aiia 7#db ,u4,s4,c4 #bjjj;e-#af;b & #bjjj;e-#af;c7 9 ! case ( a claim alleg$ by su* individual = a violation ( section #cjb7;a77#a7 ( su* ,act 7#db ,u4,s4,c4 #bjjj;e-#af;b7a77#a772 7,c7 ! ,congressional ,acc\ntability ,act ( #aiie 7#b ,u4,s4,c4 #acja et seq47 9 ! case ( a claim alleg$ by su* individual = a violation ( section #bja7;a77#a7 ( su* ,act 7#b ,u4,s4,c4 #acaa7;a77#a772 & 7,d7 *apt] #e ( title #c1 ,unit$ ,/ates ,code1 9 ! case ( a claim alleg$ by su* individual = a violation ( section #daa ( su* title4 7b7 ,proc$ures ,! proc$ures applicable to a claim alleg$ by an individual = a violation ( ?is subtitle are-- 7#a7 ! proc$ures applicable = a violation ( title ,,vii ( ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;e et seq47 9 ! case ( a claim alleg$ by su* individual = a violation ( su* title2 7#b7 ! proc$ures applicable = a violation ( section #cjb7;a77#a7 ( ! ,gov]nm5t ,employee ,rights ,act ( #aiia 7#db ,u4,s4,c4 #bjjj;e-#af;b7a77#a77 9 ! case ( a claim alleg$ by su* individual = a violation ( su* section2 7#c7 ! proc$ures applicable = a violation ( section #bja7;a77#a7 ( ! ,congressional ,acc\ntability ,act ( #aiie 7#b ,u4,s4,c4 #acaa7;a77#a77 9 ! case ( a claim alleg$ by su* individual = a violation ( su* section2 & 7#d7 ! proc$ures applicable = a violation ( section #daa ( title #c1 ,unit$ ,/ates ,code1 9 ! case ( a claim alleg$ by su* individual = a violation ( su* section4 7c7 ,rem$ies 7#a7 ,9 any claim alleg+ a violation ( section #cgd7;a77#a7 or #cgd7;b77#a7 ( ?is subtitle1 an individual1 or any p]son act+ on behalf ( ! individual z set =? 9 section #cge7;a7 ( ?is subtitle1 may be aw>d$1 z appropriate3 7,a7 ,an ord] enjo9+ ! respond5t f engag+ 9 ! unlawful employm5t practice4 7,b7 ,reimbursem5t ( co/s exp5d$ z a result ( ! unlawful employm5t practice4 7,c7 ,an am\nt 9 liquidat$ damages n to exce$ #a1jjj = ea* day ( ! violation4 7,d7 ,reasonable attorney's fees 7includ+ exp]t fees7 & co/s attributable to ! pursuit ( a claim "u ?is subtitle1 except t no p]son id5tifi$ 9 section #gcc7;a7 ( ?is subtitle %all be eligible to receive attorney's fees4 7#b7 ,9 any claim alleg+ a violation ( any o!r subsection ( ?is subtitle1 an individual1 or any p]son act+ on behalf ( ! individual z set =? 9 section #cge7;a7 ( ?is subtitle1 may be aw>d$1 z appropriate1 ! rem$ies available = a violation ( title ,,vii ( ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;e et seq471 section #cjb7;a77#a7 ( ! ,gov]nm5t ,employee ,rights ,act ( #aiia 7#db ,u4,s4,c4 #bjjj;e-#af;b7a77#a771 section #bja7;a77#a7 ( ! ,congressional ,acc\ntability ,act ( #aiie 7#b ,u4,s4,c4 #acaa7;a77#a771 & section #daa ( title #c1 ,unit$ ,/ates ,code1 except t 9 a case 9 :i* wages1 sal>y1 employm5t b5efits1 or o!r comp5sation h n be5 d5i$ or lo/ to ! individual1 damages may be aw>d$ 9 an am\nt n to exce$ #e1jjj4 #cgf4 ,f$]al & ,/ate immunity 7a7 ,abrogation ( ,/ate immunity ,a ,/ate %all n be immune "u ! #aa? ,am5dm5t to ! ,con/itution f a suit br\ght 9 a ,f$]al c\rt ( compet5t jurisdiction = a violation ( ?is subtitle4 7b7 ,waiv] ( ,/ate immunity 7#a7 ,9 g5]al 7,a7 ,waiv] ,a ,/ate's receipt or use ( ,f$]al f9ancial assi/ance = any program or activity ( a ,/ate %all con/itute a waiv] ( sov]eign immunity1 "u ! #aa? ,am5dm5t to ! ,con/itution or o!rwise1 to a suit br\ght by an employee or applicant = employm5t ( t program or activity "u ?is subtitle = a rem$y au?oriz$ "u section #cge7;c7 ( ?is subtitle4 7,b7 ,def9ition ,9 ?is p>agraph1 ! t]m program or activity has ! mean+ giv5 ! t]m 9 section #fjf ( ! ,civil ,rights ,act ( #aifd 7#db ,u4,s4,c4 #bjjj;d-#d;a74 7#b7 ,effective date ,) respect to a p>ticul> program or activity1 p>agraph 7#a7 applies to conduct occurr+ on or aft] ! day1 aft] ! date ( enactm5t ( ?is ,act1 on :i* a ,/ate fir/ receives or uses ,f$]al f9ancial assi/ance = t program or activity4 7c7 ,rem$ies aga9/ ,/ate (ficials ,an (ficial ( a ,/ate may be su$ 9 ! (ficial capacity ( ! (ficial by any employee or applicant = employm5t :o has compli$ ) ! applicable proc$ures ( ?is subtitle1 = relief t is au?oriz$ "u ?is subtitle4 7d7 ,rem$ies aga9/ ! unit$ /ates & ! /ates ,not)/&+ any o!r provision ( ?is subtitle1 9 an action or adm9i/rative proce$+ aga9/ ! ,unit$ ,/ates or a ,/ate = a violation ( ?is subtitle1 rem$ies 7includ+ rem$ies at law & 9 equity7 are available = ! violation to ! same ext5t z su* rem$ies w\ld be available aga9/ a non-gov]nm5tal entity4 #cgg4 ,relation%ip to o!r laws ,?is subtitle %all n invalidate or limit ! rights1 rem$ies1 or proc$ures available to an individual claim+ discrim9ation prohibit$ "u any o!r ,f$]al law or regulation or any law or regulation ( a ,/ate or political subdivision ( a ,/ate4 #cgh4 ,sev]ability ,if any provision ( ?is subtitle1 or ! application ( ! provision to any p]son or circum/ance1 is held to be invalid1 ! rema9d] ( ?is subtitle & ! application ( ! provision to any o!r p]son or circum/ances %all n be affect$ by ! invalidity4 #cgi4 ,effective date ,?is subtitle %all take effect on ! date ( enactm5t ( ?is ,act & %all n apply to conduct occurr+ be=e ! effective date4 ,,iv ,(fsets ,a #bh p]c5t limitation on c]ta9 d$uctions & exclusions #dja4 #bh p]c5t limitation on c]ta9 d$uctions & exclusions 7a7 ,9 g5]al ,"p ,i ( sub*apt] ,b ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new section3 #fi4 ,limitation on c]ta9 d$uctions & exclusions 7a7 ,9 g5]al ,9 ! case ( an individual = any taxable ye>1 if-- 7#a7 ! taxpay]'s adju/$ gross income is above-- 7,a7 #bej1jjj 9 ! case ( a jo9t return )9 ! mean+ ( section #fjac1 7,b7 #bbe1jjj 9 ! case ( a head ( h\sehold return1 7,c7 #abe1jjj 9 ! case ( a m>ri$ fil+ sep>ately return1 or 7,d7 #bjj1jjj 9 all o!r cases2 & 7#b7 ! taxpay]'s adju/$ taxable income = su* taxable ye> exce$s ! m9imum m>g9al rate am\nt1 !n ! tax impos$ "u section #a ) respect to su* taxpay] = su* taxable ye> %all be increas$ by ! am\nt det]m9$ "u subsection 7b74 ,if ! taxpay] is subject to tax "u section #ee1 !n 9 lieu ( an increase 9 tax "u section #a1 ! tax impos$ "u section #ee ) respect to su* taxpay] = su* taxable ye> %all be increas$ by ! am\nt det]m9$ "u subsection 7c74 7b7 ,additional am\nt ,! am\nt det]m9$ "u ?is subsection ) respect to any taxpay] = any taxable ye> is ! excess 7if any7 (-- 7#a7 ! tax :i* w\ld be impos$ "u section #a ) respect to su* taxpay] = su* taxable ye> if adju/$ taxable income 7 sub/itut$ = taxable income ea* place x appe>s !re91 ov] 7#b7 ! sum (-- 7,a7 ! tax :i* w\ld be impos$ "u su* section ) respect to su* taxpay] = su* taxable ye> on ! great] (-- 7i7 taxable income1 or 7ii7 ! m9imum m>g9al rate am\nt1 plus 7,b7 #bh p]c5t ( ! excess 7if any7 ( ! taxpay]'s adju/$ taxable income ov] ! great] (-- 7i7 ! taxpay]'s taxable income1 or 7ii7 ! m9imum m>g9al rate am\nt4 7c7 ,additional ,,amt am\nt 7#a7 ,! am\nt det]m9$ "u ?is subsection ) respect to any taxpay] = any taxable ye> is ! additional am\nt comput$ "u subsection 7b7 multipli$ by ! ratio t-- 7,a7 ! result (-- 7i7 all itemiz$ d$uctions 7be=e ! application ( section #fh71 plus 7ii7 ! specifi$ above-!-l9e d$uctions & specifi$ exclusions1 m9us 7iii7 ! am\nt ( d$uctions disall[$ "u section #ef7;b77#a77;,a7 & 7,b71 m9us 7iv7 ! non-pref]5ce disall[$ d$uctions1 be>s to-- 7,b7 ! sum (-- 7i7 ! total ( itemiz$ d$uctions 7aft] ! application ( section #fh71 plus 7ii7 ! specifi$ above-!-l9e d$uctions & specifi$ exclusions4 7#b7 ,if ! top ( ! ,,amt exemption phase-out range = ! taxpay] exce$s ! m9imum m>g9al rate am\nt = ! taxpay] & if ! taxpay]'s alt]native m9imum taxable income does n exce$ ! top ( ! ,,amt exemption phase-out range1 ! taxpay] mu/ increase its additional ,,amt am\nt by #g p]c5t ( ! excess (-- 7,a7 ! less] (-- 7i7 ! top ( ! ,,amt exemption phase-out range1 or 7ii7 ! taxpay]'s alt]native m9imum taxable income1 comput$-- 7,i7 )\t reg>d to any itemiz$ d$uction or any specifi$ above-!-l9e d$uction1 & 7,,ii7 by includ+ ! am\nt ( any specifi$ exclusion2 ov] 7,b7 ! great] (-- 7i7 ! taxpay]'s alt]native m9imum taxable income1 or 7ii7 ! m9imum m>g9al rate am\nt4 7d7 ,m9imum m>g9al rate am\nt ,= purposes ( ?is section1 ! t]m m9imum m>g9al rate am\nt means1 ) respect to any taxpay] = any taxable ye>1 ! highe/ am\nt ( ! taxpay]'s taxable income :i* w\ld be subject to a m>g9al rate ( tax "u section #a t is less ?an #cf p]c5t ) respect to su* taxable ye>4 7e7 ,adju/$ taxable income ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m adju/$ taxable income means taxable income comput$-- 7,a7 )\t reg>d to any itemiz$ d$uction or any specifi$ above-!-l9e d$uction1 & 7,b7 by includ+ 9 gross income any specifi$ exclusion4 7#b7 ,specifi$ above-!-l9e d$uction ,! t]m specifi$ above-!-l9e d$uction means-- 7,a7 ! d$uction provid$ "u section #afb7l7 7relat+ to special rules = heal? insurance co/s ( self-employ$ individuals71 7,b7 ! d$uction provid$ "u section #aii 7relat+ to income attributable to dome/ic production activities71 & 7,c7 ! d$uctions provid$ "u ! foll[+ p>agraphs ( section #fb7;a73 7i7 ,p>agraph 7#b7 7relat+ to c]ta9 trade & bus9ess d$uctions ( employees71 o!r ?an subp>agraph 7,a7 !re(4 7ii7 ,p>agraph 7#ae7 7relat+ to mov+ exp5ses74 7iii7 ,p>agraph 7#af7 7relat+ to ,ar*] ,m,s,as74 7iv7 ,p>agraph 7#ag7 7relat+ to int]e/ on education loans74 7v7 ,p>agraph 7#ah7 7relat+ to high] education exp5ses74 7vi7 ,p>agraph 7#ai7 7relat+ to heal? sav+s acc\nts74 7#c7 ,specifi$ exclusion ,! t]m specifi$ exclusion means-- 7,a7 any int]e/ exclud$ "u section #ajc1 7,b7 any exclusion ) respect to ! co/ describ$ 9 section #fjea7;a77#ad7 7)\t reg>d to subp>agraph 7,b7 !re(71 & 7,c7 any =eign e>n$ income exclud$ "u section #iaa4 7f7 ,non-,pref]5ce disall[$ d$uctions ,= purposes ( ?is section1 ! t]m ,,amt-all[$ d$uctions means all itemiz$ d$uctions disall[$ by section #fh multipli$ by ! ratio t-- 7#a7 a taxpay]'s itemiz$ d$uctions = ! taxable ye> t are subject to section #fh 7t is1 n includ+ ^? exclud$ "u section #fh7;c77 & t are n limit$ "u section #ef7;b77#a77;,a7 or 7,b71 be>s to 7#b7 ! taxpay]'s itemiz$ d$uctions = ! taxable ye> t are subject to section #fh 7t is1 n includ+ ^? exclud$ "u section #fh7;c774 7g7 ,regulations ,! ,secret>y %all prescribe su* regulations z may be appropriate to c>ry out ?is section1 includ+ regulations :i* provide appropriate adju/m5ts to ! additional ,,amt am\nt4 4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ on or aft] ,janu>y #a1 #bjac4 ,b ,tax c>ri$ int]e/ 9 inve/m5t p>tn]%ips z ord9>y income #daa4 ,p>tn]%ip int]e/s transf]r$ 9 connection ) p]=mance ( s]vices 7a7 ,modification to election ,to include p>tn]%ip int]e/ 9 gross income 9 ye> ( transf] ,subsection 7c7 ( section #hc ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by r$esignat+ p>agraph 7#d7 z p>agraph 7#e7 & by ins]t+ aft] p>agraph 7#c7 ! foll[+ new p>agraph3 7#d7 ,p>tn]%ip int]e/s ,except z provid$ by ! ,secret>y-- 7,a7 ,9 g5]al ,9 ! case ( any transf] ( an int]e/ 9 a p>tn]%ip 9 connection ) ! provision ( s]vices to 7or = ! b5efit (7 su* p>tn]%ip-- 7i7 ! fair m>ket value ( su* int]e/ %all be treat$ = purposes ( ?is section z be+ equal to ! am\nt ( ! di/ribution :i* ! p>tn] w\ld receive if ! p>tn]%ip sold 7at ! "t ( ! transf]7 all ( its assets at fair m>ket value & di/ribut$ ! proce$s ( su* sale 7r$uc$ by ! liabilities ( ! p>tn]%ip7 to its p>tn]s 9 liquidation ( ! p>tn]%ip1 & 7ii7 ! p]son receiv+ su* int]e/ %all be treat$ z hav+ made ! election "u subsection 7b77#a7 unless su* p]son makes an election "u ?is p>agraph to h su* subsection n apply4 7,b7 ,election ,! election "u subp>agraph 7,a77ii7 %all be made "u rules simil> to ! rules ( subsection 7b77#b74 4 7b7 ,effective date ,! am5dm5ts made by ?is section %all apply to int]e/s 9 p>tn]%ips transf]r$ aft] ,decemb] #ca1 #bjac4 #dab4 ,special rules = p>tn]s provid+ inve/m5t managem5t s]vices to p>tn]%ips 7a7 ,9 g5]al ,"p ,i ( sub*apt] ,k ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new section3 #gaj4 ,special rules = p>tn]s provid+ inve/m5t managem5t s]vices to p>tn]%ips 7a7 ,treatm5t ( di/ributive %>e ( p>tn]%ip items ,= purposes ( ?is title1 9 ! case ( an inve/m5t s]vices p>tn]%ip int]e/-- 7#a7 ,9 g5]al ,not)/&+ section #gjb7;b7-- 7,a7 an am\nt equal to ! net capital ga9 ) respect to su* int]e/ = any p>tn]%ip taxable ye> %all be treat$ z ord9>y income1 & 7,b7 subject to ! limitation ( p>agraph 7#b71 an am\nt equal to ! net capital loss ) respect to su* int]e/ = any p>tn]%ip taxable ye> %all be treat$ z an ord9>y loss4 7#b7 ,re*>act]ization ( losses limit$ to re*>act]iz$ ga9s ,! am\nt treat$ z ord9>y loss "u p>agraph 7#a77;,b7 = any taxable ye> %all n exce$ ! excess 7if any7 (-- 7,a7 ! aggregate am\nt treat$ z ord9>y income "u p>agraph 7#a77;,a7 ) respect to ! inve/m5t s]vices p>tn]%ip int]e/ = all prec$+ p>tn]%ip taxable ye>s to :i* ?is section applies1 ov] 7,b7 ! aggregate am\nt treat$ z ord9>y loss "u p>agraph 7#a77;,b7 ) respect to su* int]e/ = all prec$+ p>tn]%ip taxable ye>s to :i* ?is section applies4 7#c7 ,allocation to items ( ga9 & loss 7,a7 ,net capital ga9 ,! am\nt treat$ z ord9>y income "u p>agraph 7#a77;,a7 %all be allocat$ ratably among ! items ( long-t]m capital ga9 tak5 into acc\nt 9 det]m9+ su* net capital ga94 7,b7 ,net capital loss ,! am\nt treat$ z ord9>y loss "u p>agraph 7#a77;,b7 %all be allocat$ ratably among ! items ( long-t]m capital loss & %ort-t]m capital loss tak5 into acc\nt 9 det]m9+ su* net capital loss4 7#d7 ,t]ms relat+ to capital ga9s & losses ,= purposes ( ?is section-- 7,a7 ,9 g5]al ,net capital ga91 long-t]m capital ga91 & long-t]m capital loss1 ) respect to any inve/m5t s]vices p>tn]%ip int]e/ = any taxable ye>1 %all be det]m9$ "u section #abbb1 except t su* section %all be appli$-- 7i7 )\t reg>d to ! re*>act]ization ( any item z ord9>y income or ord9>y loss "u ?is section1 7ii7 by only tak+ into acc\nt items ( ga9 & loss tak5 into acc\nt by ! hold] ( su* int]e/ "u section #gjb ) respect to su* int]e/ = su* taxable ye>1 7iii7 by treat+ prop]ty :i* is tak5 into acc\nt 9 det]m9+ ga9s & losses to :i* section #abca applies z capital assets held = m ?an #a ye>1 & 7iv7 )\t reg>d to section #abjb4 7,b7 ,net capital loss ,! t]m net capital loss means ! excess ( ! losses f sales or ex*anges ( capital assets ov] ! ga9s f su* sales or ex*anges4 ,rules simil> to ! rules ( clauses 7i7 ?r\gh 7iv7 ( subp>agraph 7,a7 %all apply = purposes ( ! prec$+ s5t5ce4 7#e7 ,special rules = divid5ds 7,a7 ,individuals ,any divid5d allocat$ to any inve/m5t s]vices p>tn]%ip int]e/ %all n be treat$ z qualifi$ divid5d income = purposes ( section #a7;h74 7,b7 ,corporations ,no d$uction %all be all[$ "u section #bdc or #bde ) respect to any divid5d allocat$ to any inve/m5t s]vices p>tn]%ip int]e/4 7b7 ,dispositions ( p>tn]%ip int]e/s 7#a7 ,ga9 7,a7 ,9 g5]al ,any ga9 on ! disposition ( an inve/m5t s]vices p>tn]%ip int]e/ %all be-- 7i7 treat$ z ord9>y income1 & 7ii7 recogniz$ not)/&+ any o!r provision ( ?is subtitle4 7,b7 ,exceptions2 ,c]ta9 transf]s to *>ities & relat$ p]sons ,subp>agraph 7,a7 %all n apply to-- 7i7 a disposition by gift1 7ii7 a transf] at dea?1 or 7iii7 o!r disposition id5tifi$ by ! ,secret>y z a disposition ) respect to :i* x w\ld be inconsi/5t ) ! purposes ( ?is section to apply subp>agraph 7,a71 if su* gift1 transf]1 or o!r disposition is to an organization describ$ 9 section #agj7;b77#a77;,a7 7o!r ?an any organization describ$ 9 section #eji7;a77#c7 or any fund or acc\nt describ$ 9 section #diff7;d77#b77 or a p]son ) respect to :om ! transf]r$ int]e/ is an inve/m5t s]vices p>tn]%ip int]e/4 7#b7 ,loss ,any loss on ! disposition ( an inve/m5t s]vices p>tn]%ip int]e/ %all be treat$ z an ord9>y loss to ! ext5t ( ! excess 7if any7 (-- 7,a7 ! aggregate am\nt treat$ z ord9>y income "u subsection 7a7 ) respect to su* int]e/ = all p>tn]%ip taxable ye>s to :i* ?is section applies1 ov] 7,b7 ! aggregate am\nt treat$ z ord9>y loss "u subsection 7a7 ) respect to su* int]e/ = all p>tn]%ip taxable ye>s to :i* ?is section applies4 7#c7 ,election ) respect to c]ta9 ex*anges ,p>agraph 7#a77;,a77ii7 %all n apply to ! contribution ( an inve/m5t s]vices p>tn]%ip int]e/ to a p>tn]%ip 9 ex*ange = an int]e/ 9 su* p>tn]%ip if-- 7,a7 ! taxpay] makes an irrevocable election to treat ! p>tn]%ip int]e/ receiv$ 9 ! ex*ange z an inve/m5t s]vices p>tn]%ip int]e/1 & 7,b7 ! taxpay] agrees to comply ) su* report+ & recordkeep+ requirem5ts z ! ,secret>y may prescribe4 7#d7 ,di/ributions ( p>tn]%ip prop]ty 7,a7 ,9 g5]al ,9 ! case ( any di/ribution ( prop]ty by a p>tn]%ip ) respect to any inve/m5t s]vices p>tn]%ip int]e/ held by a p>tn]1 ! p>tn] receiv+ su* prop]ty %all recognize ga9 equal to ! excess 7if any7 (-- 7i7 ! fair m>ket value ( su* prop]ty at ! "t ( su* di/ribution1 ov] 7ii7 ! adju/$ basis ( su* prop]ty 9 ! h&s ( su* p>tn] 7det]m9$ )\t reg>d to subp>agraph 7,c774 7,b7 ,treatm5t ( ga9 z ord9>y income ,any ga9 recogniz$ by su* p>tn] "u subp>agraph 7,a7 %all be treat$ z ord9>y income to ! same ext5t & 9 ! same mann] z ! increase 9 su* p>tn]'s di/ributive %>e ( ! taxable income ( ! p>tn]%ip w\ld be treat$ "u subsection 7a7 if1 imm$iately prior to ! di/ribution1 ! p>tn]%ip _h sold ! di/ribut$ prop]ty at fair m>ket value & all ( ! ga9 f su* disposition 7 allocat$ to su* p>tn]4 ,= purposes ( apply+ p>agraphs 7#b7 & 7#c7 ( subsection 7a71 any ga9 treat$ z ord9>y income "u ?is subp>agraph %all be treat$ z an am\nt treat$ z ord9>y income "u subsection 7a77#a77;,a74 7,c7 ,adju/m5t ( basis ,9 ! case a di/ribution to :i* subp>agraph 7,a7 applies1 ! basis ( ! di/ribut$ prop]ty 9 ! h&s ( ! di/ributee p>tn] %all be ! fair m>ket value ( su* prop]ty4 7,d7 ,special rules ) respect to m]g]s1 divisions1 & te*nical t]m9ations ,9 ! case ( a taxpay] :i* satisfies requirem5ts simil> to ! requirem5ts ( subp>agraphs 7,a7 & 7,b7 ( p>agraph 7#c71 ?is p>agraph & p>agraph 7#a77;,a77ii7 %all n apply to ! di/ribution ( a p>tn]%ip int]e/ if su* di/ribution is 9 connection ) a contribution 7or deem$ contribution7 ( any prop]ty ( ! p>tn]%ip to :i* section #gba applies pursuant to a transaction describ$ 9 p>agraph 7#a77;,b7 or 7#b7 ( section #gjh7;b74 7c7 ,inve/m5t s]vices p>tn]%ip int]e/ ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m inve/m5t s]vices p>tn]%ip int]e/ means any int]e/ 9 an inve/m5t p>tn]%ip acquir$ or held by any p]son 9 connection ) ! conduct ( a trade or bus9ess describ$ 9 p>agraph 7#b7 by su* p]son 7or any p]son relat$ to su* p]son74 ,an int]e/ 9 an inve/m5t p>tn]%ip held by any p]son-- 7,a7 %all n be treat$ z an inve/m5t s]vices p>tn]%ip int]e/ = any p]iod be=e ! fir/ date on :i* x is s held 9 connection ) su* a trade or bus9ess1 7,b7 %all n cease to be an inve/m5t s]vices p>tn]%ip int]e/ m]ely because su* p]son holds su* int]e/ o!r ?an 9 connection ) su* a trade or bus9ess1 & 7,c7 %all be treat$ z an inve/m5t s]vices p>tn]%ip int]e/ if acquir$ f a relat$ p]son 9 ^: h&s su* int]e/ 0 an inve/m5t s]vices p>tn]%ip int]e/4 7#b7 ,bus9esses to :i* ?is section applies ,a trade or bus9ess is describ$ 9 ?is p>agraph if su* trade or bus9ess prim>ily involves ! p]=mance ( any ( ! foll[+ s]vices ) respect to assets held 7directly or indirectly7 by ! inve/m5t p>tn]%ip ref]r$ to 9 p>agraph 7#a73 7,a7 ,advis+ z to ! advisability ( inve/+ 91 pur*as+1 or sell+ any specifi$ asset4 7,b7 ,manag+1 acquir+1 or dispos+ ( any specifi$ asset4 7,c7 ,arrang+ f9anc+ ) respect to acquir+ specifi$ assets4 7,d7 ,any activity 9 support ( any s]vice describ$ 9 subp>agraphs 7,a7 ?r\gh 7,c74 7#c7 ,inve/m5t p>tn]%ip 7,a7 ,9 g5]al ,! t]m inve/m5t p>tn]%ip means any p>tn]%ip if1 at ! end ( any cal5d> qu>t] end+ aft] ,decemb] #ca1 #bjab-- 7i7 sub/antially all ( ! assets ( ! p>tn]%ip are specifi$ assets 7det]m9$ )\t reg>d to any section #aig intangible )9 ! mean+ ( section #aig7;d771 & 7ii7 m ?an half ( ! contribut$ capital ( ! p>tn]%ip is attributable to contributions ( prop]ty by "o or m p]sons 9 ex*ange = int]e/s 9 ! p>tn]%ip :i* 79 ! h&s ( su* p]sons7 con/itute prop]ty held = ! production ( income4 7,b7 ,special rules = det]m9+ if prop]ty held = ! production ( income ,except z o!rwise provid$ by ! ,secret>y1 = purposes ( det]m9+ :e!r any int]e/ 9 a p>tn]%ip con/itutes prop]ty held = ! production ( income "u subp>agraph 7,a77ii7-- 7i7 any election "u subsection 7e7 or 7f7 ( section #dge %all be disreg>d$1 & 7ii7 p>agraph 7#e77;,b7 %all n apply4 7,c7 ,antiabuse rules ,! ,secret>y may issue regulations or o!r guidance :i* prev5t ! avoidance ( ! purposes ( subp>agraph 7,a71 includ+ regulations or o!r guidance :i* treat conv]tible & cont+5t debt 7& o!r debt hav+ ! attributes ( equity7 z a capital int]e/ 9 ! p>tn]%ip4 7,d7 ,controll$ gr\ps ( entities 7i7 ,9 g5]al ,9 ! case ( a controll$ gr\p ( entities1 if an int]e/ 9 ! p>tn]%ip receiv$ 9 ex*ange = a contribution to ! capital ( ! p>tn]%ip by any memb] ( su* controll$ gr\p w\ld 79 ! h&s ( su* memb]7 con/itute prop]ty n held = ! production ( income1 !n any int]e/ 9 su* p>tn]%ip held by any memb] ( su* gr\p %all be treat$ = purposes ( subp>agraph 7,a7 z con/itut+ 79 ! h&s ( su* memb]7 prop]ty n held = ! production ( income4 7ii7 ,controll$ gr\p ( entities ,= purposes ( clause 7i71 ! t]m controll$ gr\p ( entities means a controll$ gr\p ( corporations z def9$ 9 section #aefc7;a77#a71 appli$ )\t reg>d to subsections 7a77#d7 & 7b77#b7 ( section #aefc4 ,a p>tn]%ip or any o!r entity 7o!r ?an a corporation7 %all be treat$ z a memb] ( a controll$ gr\p ( entities if su* entity is controll$ 7)9 ! mean+ ( section #ied7;d77#c77 by memb]s ( su* gr\p 7includ+ any entity treat$ z a memb] ( su* gr\p by reason ( ?is s5t5ce74 7#d7 ,specifi$ asset ,! t]m specifi$ asset means securities 7z def9$ 9 section #dge7;c77#b7 )\t reg>d to ! la/ s5t5ce !re(71 real e/ate held = r5tal or inve/m5t1 int]e/s 9 p>tn]%ips1 commodities 7z def9$ 9 section #dge7;e77#b771 ca% or ca% equival5ts1 or options or d]ivative contracts ) respect to any ( ! =ego+4 7#e7 ,relat$ p]sons 7,a7 ,9 g5]al ,a p]son %all be treat$ z relat$ to ano!r p]son if ! relation%ip betwe5 su* p]sons is describ$ 9 section #bfg7;b7 or #gjg7;b74 7,b7 ,attribution ( p>tn] s]vices ,any s]vice describ$ 9 p>agraph 7#b7 :i* is provid$ by a p>tn] ( a p>tn]%ip %all be treat$ z also provid$ by su* p>tn]%ip4 7d7 ,exception = c]ta9 capital int]e/s 7#a7 ,9 g5]al ,9 ! case ( any portion ( an inve/m5t s]vices p>tn]%ip int]e/ :i* is a qualifi$ capital int]e/1 all items ( ga9 & loss 7& any divid5ds7 :i* are allocat$ to su* qualifi$ capital int]e/ %all n be tak5 into acc\nt "u subsection 7a7 if-- 7,a7 allocations ( items are made by ! p>tn]%ip to su* qualifi$ capital int]e/ 9 ! same mann] z su* allocations are made to o!r qualifi$ capital int]e/s held by p>tn]s :o d n provide any s]vices describ$ 9 subsection 7c77#b7 & :o are n relat$ to ! p>tn] hold+ ! qualifi$ capital int]e/1 & 7,b7 ! allocations made to su* o!r int]e/s are significant comp>$ to ! allocations made to su* qualifi$ capital int]e/4 7#b7 ,au?ority to provide exceptions to allocation requirem5ts ,to ! ext5t provid$ by ! ,secret>y 9 regulations or o!r guidance-- 7,a7 ,allocations to portion ( qualifi$ capital int]e/ ,p>agraph 7#a7 may be appli$ sep>ately ) respect to a portion ( a qualifi$ capital int]e/4 7,b7 ,no or insignificant allocations to nons]vice provid]s ,9 any case 9 :i* ! requirem5ts ( p>agraph 7#a77;,b7 are n satisfi$1 items ( ga9 & loss 7& any divid5ds7 %all n be tak5 into acc\nt "u subsection 7a7 to ! ext5t t su* items are prop]ly allocable "u su* regulations or o!r guidance to qualifi$ capital int]e/s4 7,c7 ,allocations to s]vice provid]s' qualifi$ capital int]e/s :i* are less ?an o!r allocations ,allocations %all n be treat$ z fail+ to meet ! requirem5t ( p>agraph 7#a77;,a7 m]ely because ! allocations to ! qualifi$ capital int]e/ repres5t a l[] return ?an ! allocations made to ! o!r qualifi$ capital int]e/s ref]r$ to 9 su* p>agraph4 7#c7 ,special rule = *anges 9 s]vices & capital contributions ,9 ! case ( an int]e/ 9 a p>tn]%ip :i* 0 n an inve/m5t s]vices p>tn]%ip int]e/ & :i*1 by reason ( a *ange 9 ! s]vices ) respect to assets held 7directly or indirectly7 by ! p>tn]%ip or by reason ( a *ange 9 ! capital contributions to su* p>tn]%ip1 becomes an inve/m5t s]vices p>tn]%ip int]e/1 ! qualifi$ capital int]e/ ( ! hold] ( su* p>tn]%ip int]e/ imm$iately aft] su* *ange %all n1 = purposes ( ?is subsection1 be less ?an ! fair m>ket value ( su* int]e/ 7det]m9$ imm$iately be=e su* *ange74 7#d7 ,special rule = ti]$ p>tn]%ips ,except z o!rwise provid$ by ! ,secret>y1 9 ! case ( ti]$ p>tn]%ips1 all items :i* are allocat$ 9 a mann] :i* meets ! requirem5ts ( p>agraph 7#a7 to qualifi$ capital int]e/s 9 a l[]-ti] p>tn]%ip %all reta9 su* "* to ! ext5t allocat$ on ! basis ( qualifi$ capital int]e/s 9 any upp]-ti] p>tn]%ip4 7#e7 ,exception = no-self-*>g$ c>ry & managem5t fee provisions ,except z o!rwise provid$ by ! ,secret>y1 an int]e/ %all n fail to be treat$ z satisfy+ ! requirem5t ( p>agraph 7#a77;,a7 m]ely because ! allocations made by ! p>tn]%ip to su* int]e/ d n reflect ! co/ ( s]vices describ$ 9 subsection 7c77#b7 :i* are provid$ 7directly or indirectly7 to ! p>tn]%ip by ! hold] ( su* int]e/ 7or a relat$ p]son74 7#f7 ,special rule = dispositions ,9 ! case ( any inve/m5t s]vices p>tn]%ip int]e/ any portion ( :i* is a qualifi$ capital int]e/1 subsection 7b7 %all n apply to s mu* ( any ga9 or loss z be>s ! same proportion to ! entire am\nt ( su* ga9 or loss z-- 7,a7 ! di/ributive %>e ( ga9 or loss t w\ld h be5 allocat$ to ! qualifi$ capital int]e/ 7consi/5t ) ! requirem5ts ( p>agraph 7#a77 if ! p>tn]%ip _h sold all ( its assets at fair m>ket value imm$iately be=e ! disposition1 be>s to 7,b7 ! di/ributive %>e ( ga9 or loss t w\ld h be5 s allocat$ to ! inve/m5t s]vices p>tn]%ip int]e/ ( :i* su* qualifi$ capital int]e/ is a "p4 7#g7 ,qualifi$ capital int]e/ ,= purposes ( ?is subsection-- 7,a7 ,9 g5]al ,! t]m qualifi$ capital int]e/ means s mu* ( a p>tn]'s int]e/ 9 ! capital ( ! p>tn]%ip z is attributable to-- 7i7 ! fair m>ket value ( any money or o!r prop]ty contribut$ to ! p>tn]%ip 9 ex*ange = su* int]e/ 7det]m9$ )\t reg>d to section #geb7;a771 7ii7 any am\nts :i* h be5 includ$ 9 gross income "u section #hc ) respect to ! transf] ( su* int]e/1 & 7iii7 ! excess 7if any7 (-- 7,i7 any items ( income & ga9 tak5 into acc\nt "u section #gjb ) respect to su* int]e/1 ov] 7,,ii7 any items ( d$uction & loss s tak5 into acc\nt4 7,b7 ,adju/m5t to qualifi$ capital int]e/ 7i7 ,di/ributions & losses ,! qualifi$ capital int]e/ %all be r$uc$ by di/ributions f ! p>tn]%ip ) respect to su* int]e/ & by ! excess 7if any7 ( ! am\nt describ$ 9 subp>agraph 7,a77iii77,,ii7 ov] ! am\nt describ$ 9 subp>agraph 7,a77iii77,i74 7ii7 ,special rule = contributions ( prop]ty ,9 ! case ( any contribution ( prop]ty describ$ 9 subp>agraph 7,a77i7 ) respect to :i* ! fair m>ket value ( su* prop]ty is n equal to ! adju/$ basis ( su* prop]ty imm$iately be=e su* contribution1 prop] adju/m5ts %all be made to ! qualifi$ capital int]e/ to take into acc\nt su* diff]5ce consi/5t ) su* regulations or o!r guidance z ! ,secret>y may provide4 7,c7 ,te*nical t]m9ations1 etc41 disreg>d$ ,no increase or decrease 9 ! qualifi$ capital int]e/ ( any p>tn] %all result f a t]m9ation1 m]g]1 consolidation1 or division describ$ 9 section #gjh1 or any simil> transaction4 7#h7 ,treatm5t ( c]ta9 loans 7,a7 ,proce$s ( p>tn]%ip loans n treat$ z qualifi$ capital int]e/ ( s]vice provid+ p>tn]s ,= purposes ( ?is subsection1 an inve/m5t s]vices p>tn]%ip int]e/ %all n be treat$ z a qualifi$ capital int]e/ to ! ext5t t su* int]e/ is acquir$ 9 connection ) ! proce$s ( any loan or o!r advance made or gu>ante$1 directly or indirectly1 by any o!r p>tn] or ! p>tn]%ip 7or any p]son relat$ to any su* o!r p>tn] or ! p>tn]%ip74 ,! prec$+ s5t5ce %all n apply to ! ext5t ! loan or o!r advance is repaid be=e ,janu>y #a1 #bjac unless su* repaym5t is made ) ! proce$s ( a loan or o!r advance describ$ 9 ! prec$+ s5t5ce4 7,b7 ,r$uction 9 allocations to qualifi$ capital int]e/s = loans f nons]vice-provid+ p>tn]s to ! p>tn]%ip ,= purposes ( ?is subsection1 any loan or o!r advance to ! p>tn]%ip made or gu>ante$1 directly or indirectly1 by a p>tn] n provid+ s]vices describ$ 9 subsection 7c77#b7 to ! p>tn]%ip 7or any p]son relat$ to su* p>tn]7 %all be tak5 into acc\nt 9 det]m9+ ! qualifi$ capital int]e/s ( ! p>tn]s 9 ! p>tn]%ip4 7e7 ,o!r income & ga9 9 connection ) inve/m5t managem5t s]vices 7#a7 ,9 g5]al ,if-- 7,a7 a p]son p]=ms 7directly or indirectly7 inve/m5t managem5t s]vices = any inve/m5t entity1 7,b7 su* p]son holds 7directly or indirectly7 a disqualifi$ int]e/ ) respect to su* entity1 & 7,c7 ! value ( su* int]e/ 7or paym5ts !reund]7 is sub/antially relat$ to ! am\nt ( income or ga9 7:e!r or n realiz$7 f ! assets ) respect to :i* ! inve/m5t managem5t s]vices are p]=m$1 any income or ga9 ) respect to su* int]e/ %all be treat$ z ord9>y income4 ,rules simil> to ! rules ( subsections 7a77#e7 & 7d7 %all apply = purposes ( ?is subsection4 7#b7 ,def9itions ,= purposes ( ?is subsection-- 7,a7 ,disqualifi$ int]e/ 7i7 ,9 g5]al ,! t]m disqualifi$ int]e/ means1 ) respect to any inve/m5t entity-- 7,i7 any int]e/ 9 su* entity o!r ?an indebt$ness1 7,,ii7 conv]tible or cont+5t debt ( su* entity1 7,,iii7 any option or o!r "r to acquire prop]ty describ$ 9 subclause 7,i7 or 7,,ii71 & 7,,iv7 any d]ivative in/rum5t ent]$ into 7directly or indirectly7 ) su* entity or any inve/or 9 su* entity4 7ii7 ,exceptions ,su* t]m %all n include-- 7,i7 a p>tn]%ip int]e/1 7,,ii7 except z provid$ by ! ,secret>y1 any int]e/ 9 a taxable corporation1 & 7,,iii7 except z provid$ by ! ,secret>y1 /ock 9 an ,s corporation4 7,b7 ,taxable corporation ,! t]m taxable corporation means-- 7i7 a dome/ic ,c corporation1 or 7ii7 a =eign corporation sub/antially all ( ! income ( :i* is-- 7,i7 effectively connect$ ) ! conduct ( a trade or bus9ess 9 ! ,unit$ ,/ates1 or 7,,ii7 subject to a compreh5sive =eign income tax 7z def9$ 9 section #deg;,a7d77#b774 7,c7 ,inve/m5t managem5t s]vices ,! t]m inve/m5t managem5t s]vices means a sub/antial quantity ( any ( ! s]vices describ$ 9 subsection 7c77#b74 7,d7 ,inve/m5t entity ,! t]m inve/m5t entity means any entity :i*1 if x 7 a p>tn]%ip1 w\ld be an inve/m5t p>tn]%ip4 7f7 ,regulations ,! ,secret>y %all prescribe su* regulations or o!r guidance z is necess>y or appropriate to c>ry out ! purposes ( ?is section1 includ+ regulations or o!r guidance to-- 7#a7 provide modifications to ! application ( ?is section 7includ+ treat+ relat$ p]sons z n relat$ to "o ano!r7 to ! ext5t su* modification is consi/5t ) ! purposes ( ?is section1 & 7#b7 coord9ate ?is section ) ! o!r provisions ( ?is title4 7g7 ,cross ref]5ce ,= #dj p]c5t p5alty on c]ta9 und]paym5ts due to ! avoidance ( ?is section1 see section #fffb4 4 7b7 ,application ( section #gea to indirect dispositions ( inve/m5t s]vices p>tn]%ip int]e/s 7#a7 ,9 g5]al ,subsection 7a7 ( section #gea ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ or at ! end ( p>agraph 7#a71 by ins]t+ or at ! end ( p>agraph 7#b71 & by ins]t+ aft] p>agraph 7#b7 ! foll[+ new p>agraph3 7#c7 inve/m5t s]vices p>tn]%ip int]e/s held by ! p>tn]%ip1 4 7#b7 ,c]ta9 di/ributions treat$ z sales or ex*anges ,subp>agraph 7,a7 ( section #gea7;b77#a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ or at ! end ( clause 7i71 by ins]t+ or at ! end ( clause 7ii71 & by ins]t+ aft] clause 7ii7 ! foll[+ new clause3 7iii7 inve/m5t s]vices p>tn]%ip int]e/s held by ! p>tn]%ip1 4 7#c7 ,application ( special rules 9 ! case ( ti]$ p>tn]%ips ,subsection 7f7 ( section #gea ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ or at ! end ( p>agraph 7#a71 by ins]t+ or at ! end ( p>agraph 7#b71 & by ins]t+ aft] p>agraph 7#b7 ! foll[+ new p>agraph3 7#c7 inve/m5t s]vices p>tn]%ip int]e/s held by ! p>tn]%ip1 4 7#d7 ,inve/m5t s]vices p>tn]%ip int]e/s2 qualifi$ capital int]e/s ,section #gea ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new subsection3 7g7 ,inve/m5t s]vices p>tn]%ip int]e/s ,= purposes ( ?is section-- 7#a7 ,9 g5]al ,! t]m inve/m5t s]vices p>tn]%ip int]e/ has ! mean+ giv5 su* t]m by section #gaj7;c74 7#b7 ,adju/m5ts = qualifi$ capital int]e/s ,! am\nt to :i* subsection 7a7 applies by reason ( p>agraph 7#c7 !re( %all n include s mu* ( su* am\nt z is attributable to any portion ( ! inve/m5t s]vices p>tn]%ip int]e/ :i* is a qualifi$ capital int]e/ 7det]m9$ "u rules simil> to ! rules ( section #gaj7;d774 7#c7 ,recognition ( ga9s ,any ga9 ) respect to :i* subsection 7a7 applies by reason ( p>agraph 7#c7 !re( %all be recogniz$ not)/&+ any o!r provision ( ?is title4 7#d7 ,coord9ation ) inv5tory items ,an inve/m5t s]vices p>tn]%ip int]e/ held by ! p>tn]%ip %all n be treat$ z an inv5tory item ( ! p>tn]%ip4 7#e7 ,prev5tion ( d\ble c\nt+ ,"u regulations or o!r guidance prescrib$ by ! ,secret>y1 subsection 7a77#c7 %all n apply ) respect to any am\nt to :i* section #gaj applies4 4 7c7 ,treatm5t = purposes ( section #ggjd ,subsection 7d7 ( section #ggjd ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new p>agraph3 7#f7 ,income f c]ta9 c>ri$ int]e/s n qualifi$ 7,a7 ,9 g5]al ,specifi$ c>ri$ int]e/ income %all n be treat$ z qualify+ income4 7,b7 ,specifi$ c>ri$ int]e/ income ,= purposes ( ?is p>agraph-- 7i7 ,9 g5]al ,! t]m specifi$ c>ri$ int]e/ income means-- 7,i7 any item ( income or ga9 allocat$ to an inve/m5t s]vices p>tn]%ip int]e/ 7z def9$ 9 section #gaj7;c77 held by ! p>tn]%ip1 7,,ii7 any ga9 on ! disposition ( an inve/m5t s]vices p>tn]%ip int]e/ 7z s def9$7 or a p>tn]%ip int]e/ to :i* 79 ! h&s ( ! p>tn]%ip7 section #gea applies1 & 7,,iii7 any income or ga9 tak5 into acc\nt by ! p>tn]%ip "u subsection 7b77#d7 or 7e7 ( section #gaj4 7ii7 ,exception = qualifi$ capital int]e/s ,a rule simil> to ! rule ( section #gaj7;d7 %all apply = purposes ( clause 7i74 7,c7 ,coord9ation ) o!r provisions ,subp>agraph 7,a7 %all n apply to any item describ$ 9 p>agraph 7#a77;,e7 7or s mu* ( p>agraph 7#a77;,f7 z relates to p>agraph 7#a77;,e774 7,d7 ,special rules = c]ta9 p>tn]%ips 7i7 ,c]ta9 p>tn]%ips own$ by real e/ate inve/m5t tru/s ,subp>agraph 7,a7 %all n apply 9 ! case ( a p>tn]%ip :i* meets ea* ( ! foll[+ requirem5ts3 7,i7 ,su* p>tn]%ip is treat$ z publicly trad$ "u ?is section solely by reason ( int]e/s 9 su* p>tn]%ip be+ conv]tible into int]e/s 9 a real e/ate inve/m5t tru/ :i* is publicly trad$4 7,,ii7 #ej p]c5t or m ( ! capital & pr(its int]e/s ( su* p>tn]%ip are own$1 directly or indirectly1 at all times dur+ ! taxable ye> by su* real e/ate inve/m5t tru/ 7det]m9$ ) ! application ( section #bfg7;c774 7,,iii7 ,su* p>tn]%ip meets ! requirem5ts ( p>agraphs 7#b71 7#c71 & 7#d7 ( section #hef7;c74 7ii7 ,c]ta9 p>tn]%ips own+ o!r publicly trad$ p>tn]%ips ,subp>agraph 7,a7 %all n apply 9 ! case ( a p>tn]%ip :i* meets ea* ( ! foll[+ requirem5ts3 7,i7 ,sub/antially all ( ! assets ( su* p>tn]%ip consi/ ( int]e/s 9 "o or m publicly trad$ p>tn]%ips 7det]m9$ )\t reg>d to subsection 7b77#b774 7,,ii7 ,sub/antially all ( ! income ( su* p>tn]%ip is ord9>y income or section #abca ga9 7z def9$ 9 section #abca7;a77#c774 7,e7 ,transitional rule ,subp>agraph 7,a7 %all n apply to any taxable ye> ( ! p>tn]%ip beg9n+ be=e ! date :i* is #aj ye>s aft] ,janu>y #a1 #bjad4 4 7d7 ,imposition ( p5alty on und]paym5ts 7#a7 ,9 g5]al ,subsection 7b7 ( section #fffb ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] p>agraph 7#g7 ! foll[+ new p>agraph3 7#h7 ,! application ( section #gaj7;e7 or ! regulations or o!r guidance prescrib$ "u section #gaj7;h7 to prev5t ! avoidance ( ! purposes ( section #gaj4 4 7#b7 ,am\nt ( p5alty 7,a7 ,9 g5]al ,section #fffb ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new subsection3 7k7 ,increase 9 p5alty 9 case ( prop]ty transf]r$ = inve/m5t managem5t s]vices ,9 ! case ( any portion ( an und]paym5t to :i* ?is section applies by reason ( subsection 7b77#h71 subsection 7a7 %all be appli$ ) respect to su* portion by sub/itut+ #dj p]c5t = #bj p]c5t4 4 7,b7 ,con=m+ am5dm5t ,subp>agraph 7,b7 ( section #fffb;,a7e77#b7 is am5d$ by /rik+ or 7i7 & ins]t+ 1 7i71 or 7k74 7#c7 ,special rules = application ( reasonable cause exception ,subsection 7c7 ( section #fffd is am5d$-- 7,a7 by r$esignat+ p>agraphs 7#c7 & 7#d7 z p>agraphs 7#d7 & 7#e71 respectively2 7,b7 by /rik+ p>agraph 7#c7 9 p>agraph 7#e77;,a71 z s r$esignat$1 & ins]t+ p>agraph 7#d72 & 7,c7 by ins]t+ aft] p>agraph 7#b7 ! foll[+ new p>agraph3 7#c7 ,special rule = und]paym5ts attributable to inve/m5t managem5t s]vices 7,a7 ,9 g5]al ,p>agraph 7#a7 %all n apply to any portion ( an und]paym5t to :i* section #fffb applies by reason ( subsection 7b77#h7 unless-- 7i7 ! relevant facts affect+ ! tax treatm5t ( ! item are adequately disclos$1 7ii7 !re is or 0 sub/antial au?ority = su* treatm5t1 & 7iii7 ! taxpay] reasonably believ$ t su* treatm5t 0 m likely ?an n ! prop] treatm5t4 7,b7 ,rules relat+ to reasonable belief ,rules simil> to ! rules ( subsection 7d77#c7 %all apply = purposes ( subp>agraph 7,a77iii74 4 7e7 ,income & loss f inve/m5t s]vices p>tn]%ip int]e/s tak5 into acc\nt 9 det]m9+ net e>n+s f self-,employm5t 7#a7 ,int]nal rev5ue code 7,a7 ,9 g5]al ,section #adjb7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ & at ! end ( p>agraph 7#af71 by /rik+ ! p]iod at ! end ( p>agraph 7#ag7 & ins]t+ 2 &1 & by ins]t+ aft] p>agraph 7#ag7 ! foll[+ new p>agraph3 7#ah7 not)/&+ ! prec$+ provisions ( ?is subsection1 9 ! case ( any individual engag$ 9 ! trade or bus9ess ( provid+ s]vices describ$ 9 section #gaj7;c77#b7 ) respect to any entity1 inve/m5t s]vices p>tn]%ip income or loss 7z def9$ 9 subsection 7m77 ( su* individual ) respect to su* entity %all be tak5 into acc\nt 9 det]m9+ ! net e>n+s f self-employm5t ( su* individual4 4 7,b7 ,inve/m5t s]vices p>tn]%ip income or loss ,section #adjb ( ! ,int]nal ,rev5ue ,code is am5d$ by add+ at ! end ! foll[+ new subsection3 7m7 ,inve/m5t s]vices p>tn]%ip income or loss ,= purposes ( subsection 7a7-- 7#a7 ,9 g5]al ,! t]m inve/m5t s]vices p>tn]%ip income or loss means1 ) respect to any inve/m5t s]vices p>tn]%ip int]e/ 7z def9$ 9 section #gaj7;c771 ! net (-- 7,a7 ! am\nts treat$ z ord9>y income or ord9>y loss "u subsections 7b7 & 7e7 ( section #gaj ) respect to su* int]e/1 7,b7 all items ( income1 ga91 loss1 & d$uction allocat$ to su* int]e/1 & 7,c7 ! am\nts treat$ z realiz$ f ! sale or ex*ange ( prop]ty o!r ?an a capital asset "u section #gea ) respect to su* int]e/4 7#b7 ,exception = qualifi$ capital int]e/s ,a rule simil> to ! rule ( section #gaj7;d7 %all apply = purposes ( apply+ p>agraph 7#a77;,b77ii74 4 7#b7 ,social security ,act ,section #baa7;a7 ( ! ,social ,security ,act is am5d$ by /rik+ & at ! end ( p>agraph 7#ae71 by /rik+ ! p]iod at ! end ( p>agraph 7#af7 & ins]t+ 2 &1 & by ins]t+ aft] p>agraph 7#af7 ! foll[+ new p>agraph3 7#ag7 ,not)/&+ ! prec$+ provisions ( ?is subsection1 9 ! case ( any individual engag$ 9 ! trade or bus9ess ( provid+ s]vices describ$ 9 section #gaj7;c77#b7 ( ! ,int]nal ,rev5ue ,code ( #aihf ) respect to any entity1 inve/m5t s]vices p>tn]%ip income or loss 7z def9$ 9 section #adjb7m7 ( su* ,code7 %all be tak5 into acc\nt 9 det]m9+ ! net e>n+s f self-employm5t ( su* individual4 4 7f7 ,con=m+ am5dm5ts 7#a7 ,subsection 7d7 ( section #gca ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ section #gaj7;b77#d7 7relat+ to di/ributions ( p>tn]%ip prop]ty71 aft] to ! ext5t o!rwise provid$ by4 7#b7 ,section #gda ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ or section #gaj 7relat+ to special rules = p>tn]s provid+ inve/m5t managem5t s]vices to p>tn]%ips7 be=e ! p]iod at ! end4 7#c7 ,! table ( sections = "p ,i ( sub*apt] ,k ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by add+ at ! end ! foll[+ new item3 ,sec4 #gaj4 ,special rules = p>tn]s provid+ inve/m5t managem5t s]vices to p>tn]%ips4 4 7g7 ,effective date 7#a7 ,9 g5]al ,except z o!rwise provid$ 9 ?is subsection1 ! am5dm5ts made by ?is section %all apply to taxable ye>s end+ aft] ,decemb] #ca1 #bjac4 7#b7 ,p>tn]%ip taxable ye>s :i* include effective date ,9 apply+ section #gaj7;a7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7z add$ by ?is section7 9 ! case ( any p>tn]%ip taxable ye> :i* includes ,janu>y #a1 #bjad1 ! am\nt ( ! net income ref]r$ to 9 su* section %all be treat$ z be+ ! less] ( ! net income = ! entire p>tn]%ip taxable ye> or ! net income det]m9$ by only tak+ into acc\nt items attributable to ! portion ( ! p>tn]%ip taxable ye> :i* is aft] su* date4 7#c7 ,dispositions ( p>tn]%ip int]e/s 7,a7 ,9 g5]al ,section #gaj7;b7 ( su* ,code 7z add$ by ?is section7 %all apply to dispositions & di/ributions aft] ,decemb] #ca1 #bjac4 7,b7 ,indirect dispositions ,! am5dm5ts made by subsection 7b7 %all apply to transactions aft] ,decemb] #ca1 #bjac4 7#d7 ,o!r income & ga9 9 connection ) inve/m5t managem5t s]vices ,section #gaj7;e7 ( su* ,code 7z add$ by ?is section7 %all take effect on ,janu>y #a1 #bjad4 ,c ,close loophole = corporate jet depreciation #dba4 ,g5]al aviation aircraft treat$ z #g-ye> prop]ty 7a7 ,9 g5]al ,subp>agraph 7,c7 ( section #afh7;e77#c7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7relat+ to classification ( c]ta9 prop]ty7 is am5d$ by /rik+ & at ! end ( clause 7iv71 by r$esignat+ clause 7v7 z clause 7vi71 & by ins]t+ aft] clause 7iv7 ! foll[+ new clause3 7v7 any g5]al aviation aircraft1 & 4 7b7 ,class life ,p>agraph 7#c7 ( section #afh7;g7 ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] subp>agraph 7,e7 ! foll[+ new subp>agraph3 7,f7 ,g5]al aviation aircraft4 ,9 ! case ( any g5]al aviation aircraft1 ! recov]y p]iod us$ = purposes ( p>agraph 7#b7 %all be #ab ye>s4 4 7c7 ,g5]al aviation aircraft ,subsection 7i7 ( section #afh ,int]nal ,rev5ue ,code ( #aihf is am5d$ by ins]t+ aft] p>agraph 7#ai7 ! foll[+ new p>agraph3 7#bj7 ,g5]al aviation aircraft ,! t]m g5]al aviation aircraft means any airplane or helicopt] 7includ+ airframes & eng9es7 n us$ 9 comm]cial or contract c>ry+ ( pass5g]s or freight1 b :i* prim>ily engages 9 ! c>ry+ ( pass5g]s4 4 7d7 ,effective date ,?is section %all be effective = prop]ty plac$ 9 s]vice aft] ,decemb] #ca1 #bjac4 ,d ,repeal oil subsidies #dca4 ,repeal ( d$uction = intangible drill+ & developm5t co/s 9 ! case ( oil & gas wells 7a7 ,9 g5]al ,section #bfc7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7relat+ to intangible drill+ & developm5t co/s7 is am5d$ by add+ at ! end ! foll[+ new s5t5ce3 ,?is subsection %all n apply 9 ! case ( oil & gas wells ) respect to am\nts paid or incurr$ aft] ,decemb] #ca1 #bjac44 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to am\nts paid or incurr$ aft] ,decemb] #ca1 #bjac4 #dcb4 ,repeal ( d$uction = t]ti>y injectants 7a7 ,9 g5]al ,"p ,,vi ( sub*apt] ,b ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf 7relat+ to itemiz$ d$uctions = individuals & corporations7 is am5d$ by /rik+ section #aic 7relat+ to t]ti>y injectants74 7b7 ,cl]ical am5dm5t ,! table ( sections = "p ,,vi ( sub*apt] ,b ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ! item relat+ to section #aic4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to am\nts paid or incurr$ aft] ,decemb] #ca1 #bjac4 #dcc4 ,repeal ( p]c5tage depletion = oil & gas wells 7a7 ,9 g5]al ,section #fac;,a ( ! ,int]nal ,rev5ue ,code ( #aihf 7relat+ to limitation on p]c5tage depletion 9 ! case ( oil & gas wells7 is am5d$ to read z foll[s3 #fac;,a4 ,p]c5tage depletion n all[$ 9 case ( oil & gas wells ,! all[ance = depletion "u section #faa ) respect to any oil & gas well %all be comput$ )\t reg>d to section #fac4 4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjac4 #dcd4 ,section #aii d$uction n all[$ ) respect to oil1 natural gas1 or prim>y products !re( 7a7 ,9 g5]al ,subp>agraph 7,b7 ( section #aii7;c77#d7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7relat+ to income attributable to dome/ic production activities7 is am5d$-- 7#a7 by /rik+ or at ! end ( clause 7ii71 7#b7 by /rik+ ! p]iod at ! end ( clause 7iii7 & ins]t+ 9 lieu !re( 1 or1 & 7#c7 by add+ at ! end !re( ! foll[+ new clause3 7iv7 ! production1 ref9+1 process+1 transportation1 or di/ribution ( oil1 natural gas1 or any prim>y product 7)9 ! mean+ ( subsection 7d77#i77 !re(4 4 7b7 ,con=m+ am5dm5t ,p>agraph 7#i7 ( section #aii7;d7 is am5d$ to read z foll[s3 7#i7 ,prim>y product ,= purposes ( subsection 7c77#d77;,b77iv71 ! t]m prim>y product has ! same mean+ z :5 us$ 9 section #ibg7;a77#b77;,c7 z 9 effect be=e its repeal4 4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjac4 #dce4 ,repeal oil & gas work+ int]e/ exception to passive activity rules 7a7 ,9 g5]al ,p>agraph 7#c7 ( section #dfi7;c7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7relat+ to passive activity def9$7 is am5d$ by add+ at ! end !re( ! foll[+ new subp>agraph-- 7,c7 ,t]m9ation ,subp>agraph 7,a7 %all n apply = any taxable ye> beg9n+ aft] ,decemb] #ca #bjac4 4 7b7 ,effective date ,! am5dm5t made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjac4 #dcf4 ,repeal enhanc$ oil recov]y cr$it 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a( ! ,int]nal ,rev5ue ,code ( #aihf 7relat+ to bus9ess relat$ cr$its7 is am5d$ by /rik+ section #dc 7relat+ to enhanc$ oil recov]y cr$it74 7b7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ! item relat+ to section #dc4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjac4 #dcg4 ,uni=m sev5-ye> amortization = geological & geophysical exp5ditures 7a7 ,9 g5]al ,p>agraph 7#a7 ( section #afg7;h7 ( ! ,int]nal ,rev5ue ,code ( #aihf 7relat+ to amortization ( geological & geophysical exp5ditures7 is am5d$ by /rik+ #bd-mon? & ins]t+ 9 lieu !re( #g-ye>4 7b7 ,con=m+ am5dm5ts ,section #afg7;h7 is am5d$-- 7#a7 by /rik+ #bd-mon? 9 p>agraph 7#d7 & ins]t+ 9 lieu !re( #g-ye>1 & 7#b7 by /rik+ p>agraph 7#e74 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to am\nts paid or incurr$ aft] ,decemb] #ca1 #bjac4 #dch4 ,repeal m>g9al well production cr$it 7a7 ,9 g5]al ,subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a( ! ,int]nal ,rev5ue ,code ( #aihf 7relat+ to bus9ess relat$ cr$its7 is am5d$ by /rik+ section #de;,i 7relat+ to cr$it = produc+ oil & gas f m>g9al wells74 7b7 ,cl]ical am5dm5t ,! table ( sections = subp>t ,d ( "p ,,iv ( sub*apt] ,a ( *apt] #a ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ ! item relat+ to section #de;,i4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjac4 ,e ,dual capacity taxpay]s #dda4 ,modifications ( =eign tax cr$it rules applicable to dual capacity taxpay]s 7a7 ,9 g5]al ,section #ija ( ! ,int]nal ,rev5ue ,code ( #aihf 7relat+ to cr$it = taxes ( =eign c\ntries & ( possessions ( ! ,unit$ ,/ates7 is am5d$ by r$esignat+ subsection 7n7 z subsection 7o7 & by ins]t+ aft] subsection 7m7 ! foll[+ new subsection3 7n7 ,special rules relat+ to dual capacity taxpay]s 7#a7 ,g5]al rule ,not)/&+ any o!r provision ( ?is *apt]1 any am\nt paid or accru$ by a dual capacity taxpay] or any memb] ( ! worldwide affiliat$ gr\p ( :i* su* dual capacity taxpay] is also a memb] to any =eign c\ntry or to any possession ( ! ,unit$ ,/ates = any p]iod %all n be consid]$ a tax to ! ext5t su* am\nt exce$s ! am\nt 7det]m9$ 9 accordance ) regulations7 :i* w\ld h be5 requir$ to be paid if ! taxpay] 7 n a dual capacity taxpay]4 7#b7 ,dual capacity taxpay] ,= purposes ( ?is subsection1 ! t]m dual capacity taxpay] means1 ) respect to any =eign c\ntry or possession ( ! ,unit$ ,/ates1 a p]son :o-- 7,a7 is subject to a levy ( su* c\ntry or possession1 & 7,b7 receives 7or w receive7 directly or indirectly a specific economic b5efit 7z det]m9$ 9 accordance ) regulations7 f su* c\ntry or possession4 7#c7 ,regulations ,! ,secret>y may issue su* regulations or o!r guidance z is necess>y or appropriate to c>ry out ! purposes ( ?is subsection4 4 7b7 ,contr>y treaty obligations upheld ,! am5dm5ts made by ?is section %all n apply to ! ext5t contr>y to any treaty obligation ( ! ,unit$ ,/ates4 7c7 ,effective date ,! am5dm5ts made by ?is section %all apply to am\nts t1 if su* am\nts 7 an am\nt ( tax paid or accru$1 w\ld be consid]$ paid or accru$ 9 taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjac4 #ddb4 ,sep>ate basket treatm5t taxes paid on =eign oil & gas income 7a7 ,sep>ate basket = =eign tax cr$it ,p>agraph 7#a7 ( section #ijd7;d7 ( ! ,int]nal ,rev5ue ,code ( #aihf is am5d$ by /rik+ & at ! end ( subp>agraph 7,a71 by /rik+ ! p]iod at ! end ( subp>agraph 7,b7 & ins]t+ 1 &1 & by add+ at ! end ! foll[+3 7,c7 comb9$ =eign oil & gas income 7z def9$ 9 section #ijg7;b77#a774 4 7b7 ,coord9ation ,section #ijd7;d77#b7( su* ,code is am5d$ by r$esignat+ subp>agraphs 7,j7 & 7,k7 z subp>agraphs 7,k7 & 7,l7 & by ins]t+ aft] subp>agraph 7,i7 ! foll[+3 7,j7 ,coord9ation ) comb9$ =eign oil & gas income ,= purposes ( ?is section1 passive category income & g5]al category income %all n include comb9$ =eign oil & gas income 7z def9$ 9 section #ijg7;b77#a774 4 7c7 ,con=m+ am5dm5ts 7#a7 ,section #ijg7;a7 is h]eby repeal$4 7#b7 ,section #ijg7;c77#d7 is h]eby repeal$4 7#c7 ,section #ijg7;f7 is h]eby repeal$4 7d7 ,effective dates 7#a7 ,9 g5]al ,! am5dm5ts made by ?is section %all apply to taxable ye>s beg9n+ aft] ,decemb] #ca1 #bjac4 7#b7 ,transitional rules 7,a7 ,c>ryov]s ,any unus$ =eign oil & gas taxes :i* "u section #ijg7;f7 ( su* ,code 7z 9 effect be=e ! am5dm5t made by subsection 7c77#c77 w\ld h be5 all[able z a c>ryov] to ! taxpay]'s fir/ taxable ye> beg9n+ aft] ,decemb] #ca1 #bjac 7)\t reg>d to ! limitation ( p>agraph 7#b7 ( su* section #ijg7;f7 = fir/ taxable ye>7 %all be all[$ z c>ryov]s "u section #ijd7;c7 ( su* ,code 9 ! same mann] z if su* taxes 7 unus$ taxes "u su* section #ijd7;c7 ) respect to =eign oil & gas extraction income4 7,b7 ,losses ,! am5dm5t made by subsection 7c77#b7 %all n apply to =eign oil & gas extraction losses aris+ 9 taxable ye>s beg9n+ on or be=e ! date ( ! enactm5t ( ?is ,act4 ,f ,repeal ( seque/ration #dea4 ,repeal ( seque/ration ,section #bea;,a ( ! ,balanc$ ,budget & ,em]g5cy ,deficit ,control ,act ( #aihe is repeal$4