,,ii #aaeth ,,congress #ast ,session ,s4 #agdc ,,in ,,the ,,senate ,,of ,,the ,,united ,,states ,august #c1 #bjag ,mr4 ,bennet introduced the following bill2 which was read twice and referred to the ,committee on ,finance ,a ,,bill ,to amend the ,internal ,revenue ,code of #aihf to create tax incentives for coal community zones1 to provide education and training opportunities for individuals living and working in coal communities1 and for other purposes4 #a4 ,short title2 table of contents 7a7 ,short title ,this ,act may be cited as the ,coal ,community ,empowerment ,act of #bjag4 7b7 ,table of contents ,the table of contents for this ,act is as follows3 ,sec4 #a4 ,short title2 table of contents4 ,,title ,i--,coal community zone tax incentives ,sec4 #aja4 ,coal community zones4 ,,title ,,ii--,education and training for coal communities ,sec4 #bja4 ,definitions4 ,sec4 #bjb4 ,individual support accounts4 ,sec4 #bjc4 ,priority for employment and training activities for qualifying individuals4 ,sec4 #bjd4 ,development grants4 ,sec4 #bje4 ,business training funds4 ,sec4 #bjf4 ,interagency agreement4 ,i ,coal community zone tax incentives #aja4 ,coal community zones 7a7 ,in general ,subchapter ,y of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new part3 ,,iv ,coal community zones ,sec4 #adjj,v-#a4 ,definition of coal community zone4,sec4 #adjj,v-#b4 ,application of empowerment zone incentives to coal community zones4,sec4 #adjj,v-#c4 ,commercial revitalization deduction4,sec4 #adjj,v-#d4 ,exclusion of capital gains4,sec4 #adjj,v-#e4 ,application of new markets tax credit to investments in community development entities serving coal community zones4 #adjj,v-#a4 ,definition of coal community zone 7a7 ,in general ,for purpose of this part1 the term coal community zone means any county in the ,united ,states in which-- 7#a7 7,a7 there were not less than #ej fewer individuals employed at coal mines in such county for calendar year #bjae as compared to calendar year #bjaa 7determined based on data collected by the ,federal ,mine ,safety and ,health ,administration71 and 7,b7 the quarterly average of the total number of employees employed in such county for the first calendar year in the applicable period 7as estimated by the ,bureau of ,labor ,statistics7 was not more than #bj1jjj1 or 7#b7 not less than an average of #e percent of the total employment within the county during the applicable period was at coal mines4 7b7 ,definitions ,for purposes of this section-- 7#a7 ,applicable period ,the term applicable period means the period beginning after ,december #ca1 #bjaj1 and ending before ,january #a1 #bjaf4 7#b7 ,coal mine ,the term coal mine has the meaning given such term under section #c7;h77#b7 of the ,federal ,mine ,safety and ,health ,act of #aigg4 #adjj,v-#b4 ,application of empowerment zone incentives to coal community zones 7a7 ,in general ,for purposes of this title1 except as otherwise provided in this section1 a coal community zone shall be treated as an empowerment zone designated under subchapter ,u4 7b7 ,period of designation ,a designation as an empowerment zone under subsection 7a7 shall remain in effect during the period beginning on ,january #a1 #bjah1 and ending on ,december #ca1 #bjbb4 7c7 ,special rules for bonds 7#a7 ,in general ,in the case of a coal community zone bond-- 7,a7 such bond shall not be treated as a private activity bond for purposes of section #adf1 and 7,b7 section #acid7;c7 shall not apply4 7#b7 ,limitation on amount of bonds 7,a7 ,in general ,there is a national coal community zone bond limitation for all coal community zone bonds4 ,such limitation is #a1jjj1jjj1jjj4 7,b7 ,allocation of limitation ,the ,secretary shall allocate the limitation under subparagraph 7,a7 to ,states in which there are located coal community zones4 ,such allocation shall be in proportion to the population of residents in coal community zones in such ,states relative to the total population of residents in all coal community zones4 ,the limitation allocated to a ,state under the preceding sentence shall be allocated to issuers of coal community zone bonds in such ,state4 7,c7 ,designation subject to limitation amount ,the maximum face amount of bonds issued which may be designated under paragraph 7#c77;,a7 shall not exceed the limitation amount allocated to such issuer under subparagraph 7,b74 7#c7 ,coal community bond ,for purposes of this subsection1 the term coal community bond means any bond which would be described in section #acid7;a7 if-- 7,a7 such bond was designated for purposes of this subsection by the bond issuer1 and 7,b7 only coal community zones were taken into account under sections #acig;,c and #acig;,d4 7d7 ,special rules for employment credit ,in applying section #acif to a coal community zone1 the term qualified zone employee shall not include any individual who begins work for the employer before ,january #a1 #bjah4 ,rules similar to section #ea7;i77#b7 shall apply for purposes of the preceding sentence4 7e7 ,special rules for increased section #agi expensing 7#a7 ,in general ,in applying section #acig;,a to a coal community zone-- 7,a7 #ejj1jjj shall be substituted for #ce1jjj in subsection 7a77#a77;,a71 and 7,b7 in lieu of applying subsection 7a77#b71 the dollar amount in effect under section #agi7;b77#b7 shall be increased by the lesser of-- 7i7 #ejj1jjj1 or 7ii7 the cost of section #agi property which is qualified zone property 7as defined in section #agi;,d7 placed in service during the taxable year4 7#b7 ,inflation adjustment 7,a7 ,in general ,in the case of any taxable year beginning in a calendar year after #bjah1 the #ejj1jjj amounts in subparagraphs 7,a7 and 7,b77i7 of paragraph 7#a7 shall each be increased by an amount equal to-- 7i7 such dollar amount1 multiplied by 7ii7 the cost-of-living adjustment determined under section #a7;f77#c7 for the calendar year in which the taxable year begins1 determined by substituting calendar year #bjag for calendar year #aiib in subparagraph 7,b7 thereof4 7,b7 ,rounding ,any increase determined under subparagraph 7,a7 shall be rounded to the nearest multiple of #aj1jjj4 7f7 ,special rules for nonrecognition of gain on rollover of empowerment zone investments ,in applying section #acig;,b to a coal community zone-- 7#a7 ,december #ca1 #bjag shall be substituted for the date of the enactment of this paragraph in subsection 7b77#a77;,a77iii71 and 7#b7 ,january #a1 #bjbc shall be substituted for the day after the date set forth in section #acia7;d77#a77;,a77i7 in subsection 7b77#a77;,a77iv74 #adjj,v-#c4 ,commercial revitalization deduction ,for purposes of section #adjj;,i-- 7#a7 a coal community zone shall be treated as a renewal community1 and 7#b7 in applying such section to a coal community zone-- 7,a7 subsection 7d77#b77;,a7 shall be applied by substituting each calendar year after #bjag and before #bjbc is #af1jjj1jjj for each coal community zone 7as defined in section #adjj,v-#a7 in the ,state for each calendar year after #bjja and before #bjaj is #ab1jjj1jjj for each renewal community in the ,state1 and 7,b7 subsection 7g7 shall be applied by substituting ,december #ca1 #bjbb for ,december #ca1 #bjji4 #adjj,v-#d4 ,exclusion of capital gains 7a7 ,in general ,gross income does not include any qualified capital gain from the sale or exchange of a qualified coal community zone asset held for more than #e years4 7b7 ,qualified coal community zone asset ,for purposes of this section-- 7#a7 ,in general ,the term qualified coal community zone asset means-- 7,a7 any qualified coal community zone stock1 7,b7 any qualified coal community zone partnership interest1 and 7,c7 any qualified coal community zone business property4 7#b7 ,qualified coal community zone stock 7,a7 ,in general ,except as provided in subparagraph 7,b71 the term qualified coal community zone stock means any stock in a domestic corporation if-- 7i7 such stock is acquired by the taxpayer after ,december #ca1 #bjag1 and before ,january #a1 #bjbc1 at its original issue 7directly or through an underwriter7 from the corporation solely in exchange for cash1 7ii7 as of the time such stock was issued1 such corporation was a coal community zone business 7or1 in the case of a new corporation1 such corporation was being organized for purposes of being a coal community zone business71 and 7iii7 during substantially all of the taxpayer's holding period for such stock1 such corporation qualified as a coal community zone business4 7,b7 ,redemptions ,a rule similar to the rule of section #abjb7;c77#c7 shall apply for purposes of this paragraph4 7#c7 ,qualified coal community zone partnership interest ,the term qualified coal community zone partnership interest means any capital or profits interest in a domestic partnership if-- 7,a7 such interest is acquired by the taxpayer after ,december #ca1 #bjag1 and before ,january #a1 #bjbc1 from the partnership solely in exchange for cash1 7,b7 as of the time such interest was acquired1 such partnership was a coal community zone business 7or1 in the case of a new partnership1 such partnership was being organized for purposes of being a coal community zone business71 and 7,c7 during substantially all of the taxpayer's holding period for such interest1 such partnership qualified as a coal community zone business4 ,a rule similar to the rule of paragraph 7#b77;,b7 shall apply for purposes of this paragraph 7#d7 ,qualified coal community zone business property 7,a7 ,in general ,the term qualified coal community zone business property means tangible property if-- 7i7 such property was acquired by the taxpayer by purchase 7as defined in section #agi7;d77#b77 after ,december #ca1 #bjag1 and before ,january #a1 #bjbc1 7ii7 the original use of such property in the coal community zone commences with the taxpayer1 and 7iii7 during substantially all of the taxpayer's holding period for such property1 substantially all of the use of such property was in a coal community zone business of the taxpayer4 7,b7 ,special rule for substantial improvements ,the requirements of clauses 7i7 and 7ii7 of subparagraph 7,a7 shall be treated as satisfied with respect to-- 7i7 property which is substantially improved by the taxpayer before ,january #a1 #bjbc1 and 7ii7 any land on which such property is located4 ,the determination of whether a property is substantially improved shall be made under clause 7ii7 of section #adjj;,b7b77#d77;,b71 except that ,december #ca1 #bjag shall be substituted for ,december #ca1 #aiig in such clause4 7#e7 ,coal community zone business ,for purposes of this section1 the term coal community zone business means any entity or proprietorship which would be a qualified business entity or qualified proprietorship under section #acig;,c if references to coal community zones were substituted for references to empowerment zones4 7c7 ,qualified ,capital ,gain ,for purposes of this section-- 7#a7 ,in general ,except as otherwise provided in this subsection1 the term qualified capital gain means any gain recognized on the sale or exchange of-- 7,a7 a capital asset1 or 7,b7 property used in the trade or business 7as defined in section #abca7;b774 7#b7 ,gain before #bjah or after #bjbb not qualified ,the term qualified capital gain shall not include any gain attributable to periods before ,january #a1 #bjah1 or after ,december #ca1 #bjbb4 7#c7 ,certain rules to apply ,rules similar to the rules of paragraphs 7#c71 7#d71 and 7#e7 of section #adjj;,b7e7 shall apply for purposes of this subsection4 7d7 ,certain ,rules ,to ,apply ,for purposes of this section1 rules similar to the rules of paragraphs 7#e71 7#f71 and 7#g7 of subsection 7b71 and subsections 7f7 and 7g71 of section #adjj;,b shall apply2 except that for such purposes section #adjj;,b7g77#b7 shall be applied by substituting ,january #a1 #bjah for ,january #a1 #aiih and ,december #ca1 #bjbb for ,december #ca1 #bjad4 7e7 ,regulations ,the ,secretary shall prescribe such regulations as may be appropriate to carry out the purposes of this section1 including regulations to prevent the abuse of the purposes of this section4 #adjj,v-#e4 ,application of new markets tax credit to investments in community development entities serving coal community zones ,for purposes of section #de;,d-- 7#a7 a qualified community development entity shall be eligible for an allocation under subsection 7f77#b7 thereof of the increase in the new markets tax credit limitation described in paragraph 7#b7 only if a significant mission of such entity is the recovery and redevelopment of population census tracts within coal community zones1 7#b7 the new markets tax credit limitation otherwise determined under subsection 7f77#a7 thereof shall be increased by an amount equal to #cjj1jjj1jjj for each of calendar years #bjag1 #bjah1 #bjai1 and #bjbj1 to be allocated among qualified community development entities to make qualified low-income community investments within coal community zones1 and 7#c7 subsection 7f77#c7 thereof shall be applied separately with respect to the amount of the increase under paragraph 7#b74 4 7b7 ,conforming amendments 7#a7 ,section #acid7;f77#c77;,b7 of the ,internal ,revenue ,code of #aihf is amended by inserting or any coal community zone after ,district of ,columbia ,enterprise ,zone4 7#b7 ,the table of parts for subchapter ,y of chapter #a of the ,internal ,revenue ,code of #aihf is amended by adding at the end the following new item3 ,part ,,iv--,coal community zones 4 ,,ii ,education and training for coal communities #bja4 ,definitions ,in this title3 7#a7 ,coal community individual ,the term coal community individual means an individual-- 7,a7 with a principal residence in a coal community zone2 or 7,b7 who works in a coal community zone4 7#b7 ,coal community student ,the term coal community student means a coal community individual attending an educational program4 7#c7 ,coal community zone ,the term coal community zone has the meaning given the term in section #adjj,v-#a of the ,internal ,revenue ,code of #aihf1 as added by section #aja4 7#d7 ,coal-fired generator ,the term coal-fired generator means an electric utility steam generating unit that burns coal for #ej percent or more of the average annual heat input4 7#e7 ,coal-related employee ,the term coal-related employee means1 with respect to any county1 any individual who-- 7,a7 is employed at a coal mine 7as defined in section #c7;h77#b7 of the ,federal ,mine ,safety and ,health ,act of #aigg7cj ,u4,s4,c4 #hjb77 in such county1 or 7,b7 is employed at a coal-fired generator located in such county by the owner of such coal-fired generator4 7#f7 ,eligible entity ,the term eligible entity means a partnership between-- 7,a7 7i7 an institution of higher education 7as defined in section #ajb of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajjb772 7ii7 a nonprofit educational organization2 or 7iii7 a provider identified under section #abb of the ,workforce ,innovation and ,opportunity ,act 7#bi ,u4,s4,c4 #caeb72 and 7,b7 not less than #a business or industry that intends to expand or hire additional or new workers who are coal community individuals or who previously worked in the coal community zone4 7#g7 ,in-demand industry sector or occupations ,the term in-demand industry sector or occupation has the meaning given the term in section #c of the ,workforce ,innovation and ,opportunity ,act 7#bi ,u4,s4,c4 #cajb74 7#h7 ,local administrator ,the term local administrator means an entity that-- 7,a7 is-- 7i7 a local governmental agency2 7ii7 a partnership consisting of a local governmental agency and an institution of higher education or a nonprofit organization2 7iii7 a local board 7as defined in section #c of the ,workforce ,innovation and ,opportunity ,act 7#bi ,u4,s4,c4 #cajb772 7iv7 a ,state governmental agency2 or 7v7 a nonprofit organization2 and 7,b7 has been selected by the local government of a coal community zone to administer the individual support account program under section #bjb and the business training fund program under section #bje1 to the extent the local government elects to apply for grants under either such section4 7#i7 ,qualifying individual ,the term qualifying individual means an individual-- 7,a7 whose principal residence is within a coal community zone2 and 7,b7 whom the local administrator of the coal community zone determines is in need of additional education and training in order to obtain long-term employment at a high wage4 7#aj7 ,recognized postsecondary credential ,the term recognized postsecondary credential has the meaning given the term in section #c of the ,workforce ,innovation and ,opportunity ,act 7#bi ,u4,s4,c4 #cajb74 7#aa7 ,secretaries ,the term ,secretaries means the ,secretary of ,education and the ,secretary of ,labor4 #bjb4 ,individual support accounts 7a7 ,program authorized 7#a7 ,in general ,for each fiscal year for which funds are available under subsection 7f71 the ,secretaries1 in accordance with the interagency agreement described in section #bjf1 shall carry out a program awarding grants to local administrators of coal community zones1 to enable the local administrators to use such funds to manage individual support accounts for qualifying individuals4 7#b7 ,duration 7,a7 ,in general ,grants awarded under paragraph 7#a7 shall be expended for approved education and training by the last day of the #c-year period beginning on the award date4 7,b7 ,renewal ,the ,secretaries may renew a grant under paragraph 7#a7 once for an additional #b-year period1 if the local administrator demonstrates that the program under the grant has had a record of success and high-quality outcomes4 7b7 ,application ,a local administrator of a coal community zone desiring funds under this section shall submit an application to the ,secretaries at such time1 in such manner1 and containing such information1 as the ,secretaries may require4 ,such application shall include-- 7#a7 the number of qualifying individuals in the community2 7#b7 a plan for allocating funds to qualifying individuals2 7#c7 a description of the providers of education and training in the community and their outcomes-based track record of success1 including1 for such programs-- 7,a7 the student completion rates of the programs of education and training2 7,b7 the employment rates for students completing the programs of education and training as of #a year1 #c years1 and #e years after the completion of the program2 and 7,c7 the annual salary of students completing the programs of education and training as of #a year1 #c years1 and #e years after completion of the program2 and 7#d7 if new eligible education and training providers are expected to open or expand to the coal community zone or the local administrator plans to recruit or encourage new such providers-- 7,a7 a description of such providers2 and 7,b7 evidence to demonstrate such providers will be high-quality and result in the employment of a significant percentage of individuals in high-wage1 in demand industries4 7c7 ,distribution of funds ,the ,secretaries shall award funds under this section to local administrators that submit an application under subsection 7b7 based on-- 7#a7 the number of people affected by the decline in employment opportunities for coal-related employees during the applicable period2 7#b7 the quality of the providers of education and training in the community2 and 7#c7 the likelihood that funding will result in employment in a high-demand1 high-wage industry for coal-related employees or others in the community in need of additional education and training4 7d7 ,use of funds 7#a7 ,in general ,a local administrator receiving funds under this section for a coal community zone shall use such funds to establish individual support accounts described in paragraph 7#b7 for qualifying individuals4 7#b7 ,individual support accounts 7,a7 ,in general ,amounts made available through an individual support account established for a qualifying individual shall be used to pay for education and training costs described in paragraph 7#c7 that will prepare the qualifying individual for long-term1 high-wage employment4 7,b7 ,amount ,for any fiscal year1 the amount provided under this section for an individual support account of a qualifying individual for a fiscal year shall not exceed the maximum amount of a ,federal ,pell ,grant for the most recent award year4 7,c7 ,limited funds ,if1 for any fiscal year1 the amount of funds provided under this section to a local administrator for a coal community zone are not enough to fund individual support accounts for all qualifying individuals in the coal community zone requesting such accounts1 the local administrator shall give a priority to qualifying individuals requesting to use the account funds for education and training programs that-- 7i7 prepare individuals for in-demand industry sectors or occupations2 and 7ii7 have strong outcomes based on the criteria described in subsection 7e77#a77;,b74 7#c7 ,eligible education and training programs 7,a7 ,in general ,amounts provided in an individual support account for a qualifying individual may be used for costs related to a program of education and training approved by the local administrator under subparagraph 7,b71 which may include-- 7i7 a program offered by an institution of higher education 7as defined in section #ajb of the ,higher ,education ,act of #aife 7#bj ,u4,s4,c4 #ajjb772 7ii7 a program of training1 including a program leading to a recognized postsecondary credential1 offered by an eligible provider of training services identified under section #abb of the ,workforce ,innovation and ,opportunity ,act 7#bi ,u4,s4,c4 #caeb72 and 7iii7 costs 7including associated education1 curriculum1 and mentorship costs71 related to an apprenticeship1 internship1 or externship-- 7,i7 in an in-demand industry sector or occupation2 or 7,,ii7 for a position where there is a reasonable expectation of long-term employment4 7,b7 ,additional education and training programs ,a local administrator shall provide a process through which the administrator may approve the use of funds in an individual support account for education or training expenses4 ,through such process1 the administrator shall-- 7i7 allow a qualified individual to request the approval of a particular provider or program of education and training1 or a particular education and training expense1 on an individual basis2 7ii7 before approving a provider1 program of education or training1 or other education and training expense1 consider-- 7,i7 the local industry demands2 7,,ii7 the likelihood that an individual will be employed following the completion of the program of education or training2 and 7,,iii7 the quality and effectiveness of the program of education or training offered by the provider1 based on the outcomes-based record of success of the provider1 including-- 7aa7 the student completion rates of the programs of education and training offered by the provider2 7bb7 the employment rates for students completing the programs of education and training as of #a year1 #c years1 and #e years after the completion of the program2 and 7cc7 the annual salary of students completing the programs of education and training as of #a year1 #c years1 and #e years after completion of the program2 and 7iii7 make a determination that such provider is in the best interest of the coal community zone and the qualifying individuals4 7e7 ,reports 7#a7 ,local administrator reports ,each local administrator receiving funds under this section for a fiscal year shall1 for each such year1 prepare and submit a report to the ,secretaries that includes-- 7,a7 a description of the achievements of the program supported under this section1 including the program's levels of performance achieved with respect to the primary indicators of performance described in section #aaf7;b77#b77;,a77i7 of the ,workforce ,innovation and ,opportunity ,act 7#bi ,u4,s4,c4 #cada7;b77#b77;,a77i772 7,b7 a description of the outcomes-based results for the programs of training and education for which funds were used under this section1 in the aggregate and individually1 including-- 7i7 the student completion rates of the program of education and training2 7ii7 the employment rates for students completing the program of education and training as of #a year1 #c years1 and #e years after the completion of the program2 and 7iii7 the annual salary of students completing the program of education and training as of #a year1 #c years1 and #e years after completion of the program2 7,c7 the return on investment of funds provided to individual support accounts under this section2 and 7,d7 any other information that the ,secretaries may require4 7#b7 ,report to ,congress ,the ,secretaries shall prepare and submit an annual report to ,congress regarding the program supported under this section4 7#c7 ,institute of education sciences evaluation ,the ,director of the ,institute of ,education ,sciences shall evaluate the effectiveness1 quality1 and return in investment of funds under this section4 7f7 ,authorization of appropriations ,there are authorized to be appropriated to the ,secretary of ,labor to carry out this section such sums as may be necessary for each of fiscal years #bjah through #bjbc4 #bjc4 ,priority for employment and training activities for qualifying individuals 7a7 ,required local employment and training activities ,section #acd7;c7 of the ,workforce ,innovation and ,opportunity ,act 7#bi ,u4,s4,c4 #cagd7;c77 is amended by adding at the end the following3 7#d7 ,priority individuals 7,a7 ,in general ,with respect to funds allocated to a local area for adult employment and training activities under paragraph 7#b77;,a7 or 7#c7 of section #acc7;b7 or for dislocated worker employment and training activities under section #acc7;b77#b77;,b71 priority shall be given to priority individuals for receipt of career services described in paragraph 7#b7 and training services4 ,the appropriate local board and the ,governor shall direct the one-stop operators in the local area with regard to making determinations related to such priority4 7,b7 ,definition ,in this paragraph1 the term priority individual means a qualifying individual1 as defined in section #bja of the ,coal ,community ,empowerment ,act of #bjag1 who is eligible to receive the service involved under this subsection4 4 7b7 ,allowable local employment and training activities ,section #acd7;d7 of the ,workforce ,innovation and ,opportunity ,act 7#bi ,u4,s4,c4 #cagd7;d77 is amended by adding at the end the following3 7#f7 ,priority individuals 7,a7 ,in general ,with respect to funds allocated to a local area for adult employment and training activities under paragraph 7#b77;,a7 or 7#c7 of section #acc7;b7 or for dislocated worker employment and training activities under section #acc7;b77#b77;,b71 priority shall be given to priority individuals for receipt of services described in paragraphs 7#a7 through 7#e7 of this subsection4 ,the appropriate local board and the ,governor shall direct the one-stop operators in the local area with regard to making determinations related to such priority4 7,b7 ,definition ,in this paragraph1 the term priority individual means a qualifying individual1 as defined in section #bja of the ,coal ,community ,empowerment ,act of #bjag1 who is eligible to receive the service involved under this subsection4 4 #bjd4 ,development grants 7a7 ,program authorized 7#a7 ,in general ,from amounts made available to carry out this section1 the ,secretaries1 in accordance with the interagency agreement described in section #bjf1 shall award grants1 on a competitive basis1 to eligible entities1 to support the eligible entities in the development1 revamping1 improvement1 or expansion of programs of education and training for coal community zones in in-demand industry sectors or occupations or in industries in local demand4 7#b7 ,duration 7,a7 ,in general ,a grant awarded under this section shall be for a period of #c years4 7,b7 ,renewal ,the ,secretaries may renew a grant awarded under section for a single #b-year period1 if-- 7i7 the eligible entity demonstrates that the program under the grant has a record of success and high-quality outcomes2 and 7ii7 the local government or local administrator that submitted the demonstration of application approval under the initial application under subsection 7b77#a77;,e7 approves of the renewal4 7b7 ,application 7#a7 ,in general ,an eligible entity desiring a grant under this section shall submit an application to the ,secretaries at such time1 in such manner1 and containing such information as the ,secretaries may require1 including-- 7,a7 the number of coal community students in the coal community zone to be served2 7,b7 a plan for allocating funds to coal community students2 7,c7 a description of the eligible entity's track record of success with the programs of education and training to be supported under the grant1 including-- 7i7 the student completion rates of the programs of education and training2 7ii7 the employment rates for students completing the programs of education and training as of #a year1 #c years1 and #e years after the completion of the program2 7,d7 a demonstration that the eligible entity is of high quality and will be a benefit to the coal community students and the coal community zone2 7,e7 a demonstration of application approval from the local government of the coal community zone or1 in the case of a coal community zone receiving a grant under section #bjb1 the local administrator for such grant1 including a statement that the application and funds requested under the application is in the best interest of the coal community zone and coal community students2 and 7,f7 an assurance that if the program supported under the grant does not enroll the required percentage of coal community students under subsection 7c77#a71 the eligible entity shall reimburse the ,secretaries1 in the amount and manner described in subsection 7d74 7c7 ,use of funds ,an eligible entity receiving a grant under this program shall use such funds for the development1 revamping1 improvement1 or expansion of a high-quality training and education program that-- 7#a7 predominantly serves coal community students by ensuring that not less than #ge percent of the students enrolled in the program are coal community students2 7#b7 provides training in high-wage1 high-demand industries or in industries in local demand2 7#c7 is free or offered at a very low cost to coal community students2 and 7#d7 enters into an agreement with each coal community student that enrolls in the program to ensure that the eligible entity can obtain the information necessary for the report under subsection 7e77#a74 7d7 ,reimbursement 7#a7 ,in general ,an eligible entity that does not enroll the required percentage described in subsection 7c77#a7 shall reimburse the ,secretaries in the amount equal to the product of-- 7,a7 the average per-student cost of the program2 and 7,b7 the number of additional coal community students that would have been needed in order for the program to meet the #ge percent coal community student enrollment requirement under subsection 7c77#a74 7#b7 ,use of reimbursed funds ,any funds reimbursed to the ,secretaries under this subsection may be used by the ,secretaries to award additional grants under this section4 7e7 ,reports 7#a7 ,eligible entity report ,each eligible entity receiving a grant under this section shall prepare and submit to the ,secretaries an annual report regarding the outcomes of the grant1 including-- 7,a7 the number of students1 and the number of coal community students1 enrolled in the program supported under the grant2 7,b7 the number of students1 and the number of coal community students1 completing such program2 7,c7 the number of students1 and the number of coal community students1 who have completed such program and who are employed after completion of such program as of-- 7i7 #f months after the date of completion2 7ii7 #a year after the date of completion2 7iii7 #c years after the date of completion2 and 7iv7 #e years after the date of completion2 7,d7 the average wage of students1 and the average wage of coal community students1 who have completed such program as of-- 7i7 #f months after the date of completion2 7ii7 #a year after the date of completion2 and 7iii7 #c years after the date of completion2 and 7,e7 the satisfaction rate of all students1 and the satisfaction rate of coal community students1 including students who completed the program and students who did not complete-- 7i7 #f months after the date of completion or leaving the program2 7ii7 #a year after the date of completion or leaving the program2 and 7iii7 #c years after the date of completion or leaving the program4 7#b7 ,report to ,congress ,the ,secretaries shall prepare and submit an annual report to ,congress regarding the grants awarded under this section4 7#c7 ,institute of education sciences evaluation ,the ,director of the ,institute of ,education ,sciences shall evaluate the effectiveness1 quality1 and return in investment of grant funds provided under this section4 7f7 ,authorization of appropriations ,there are authorized to be appropriated to the ,secretary of ,education to carry out this section such sums as may be necessary for fiscal years #bjah through #bjbc4 #bje4 ,business training funds 7a7 ,program authorized 7#a7 ,in general ,from amounts made available under subsection 7e71 the ,secretaries1 in accordance with the interagency agreement under section #bjf1 shall award grants1 on a competitive basis1 to local administrators to enable the local administrators to award subgrants under subsection 7c7 to businesses to provide in-house training1 and future employment1 to coal community individuals4 7#b7 ,duration 7,a7 ,in general ,a grant awarded under this section shall be for a #c-year period4 7,b7 ,limitation ,a local administrator may not receive more than #a grant under this section4 7b7 ,applications ,a local administrator desiring a grant under this section shall submit to the ,secretaries an application at such time1 in such manner1 and containing such information as the ,secretaries may require1 including-- 7#a7 the number of coal community individuals in the coal community zone to be served2 7#b7 the number of coal community individuals that will benefit from the program2 7#c7 a description of the eligible businesses described in subsection 7c77#b7 that will participate in the program proposed under the grant1 including the in-demand industry sectors or occupations represented by the businesses2 7#d7 the target employment numbers of participating individuals for the eligible businesses participating2 7#e7 a plan for allocating grant funds to businesses2 and 7#f7 a description of the process through which the coal community agency will evaluate any requests to waive the employment requirement under subsection 7c77#c77;,b74 7c7 ,subgrants 7#a7 ,in general ,each local administrator receiving a grant under this section shall use grant funds to award subgrants1 to eligible businesses described in paragraph 7#b71 to enable the eligible businesses to provide in-house training to coal community individuals in preparation for employment with or advancement within the eligible businesses4 7#b7 ,eligibility ,in order to be eligible for a subgrant under this subsection1 a business shall-- 7,a7 be a business located in a coal community zone2 and 7,b7 provide an assurance that the business will hire1 for a minimum of one year1 each coal community individual who completes the in-house training provided under the subgrant or will reimburse the local administrator in accordance with paragraph 7#c74 7#c7 ,reimbursement of training for employees not hired 7,a7 ,in general ,a business that does not hire or retain1 for a period of not less than #a year1 all coal community individuals who complete the in-house training provided under a subgrant under this subsection shall reimburse the local administrator in the amount equal to the cost of the training provided to such employee1 subject to subparagraph 7,b74 7,b7 ,waiver ,upon request by a business receiving a subgrant under this subsection1 the local administrator may waive the reimbursement requirement of subparagraph 7,a7 for a business if the local administrator determines that-- 7i7 the business made substantial effort to comply with the employment requirement under subparagraph 7,a72 7ii7 hired a significant percentage of individuals relative to the amount of funds provided under the grant2 or 7iii7 the decision made by the business to not hire or retain an individual was for cause4 7,c7 ,use of reimbursed funds ,by not later than #cj days after receiving a reimbursement under paragraph 7#c77;,a71 a local administrator-- 7i7 shall report the receipt of such funds to the ,secretaries2 and 7ii7 may apply to the ,secretaries for permission to reallocate the funds received under this paragraph during the grant period4 7d7 ,reports 7#a7 ,reports by businesses ,each business receiving a subgrant under subsection 7c7 shall prepare and submit an annual report to the local administrator regarding the subgrant1 including-- 7,a7 the numbers of coal community individuals-- 7i7 beginning the training provided under this section2 7ii7 completing such training2 7iii7 hired by the business within #c months of completion2 and 7iv7 still employed by the business1 as of #f months1 #a year1 #b years1 and #d years after the completion of the training2 and 7,b7 the average salary of the coal community individuals hired after completing the training4 7#b7 ,reports by coal community agencies ,each local administrator receiving a grant under this section shall prepare and submit an annual report to the ,secretaries regarding the grant under this section4 7#c7 ,report by ,secretaries ,the ,secretaries shall prepare and submit an annual report to ,congress regarding the grant program under this section that includes the information provided by the coal community agencies under paragraph 7#b74 7#d7 ,institute of education sciences evaluation ,the ,director of the ,institute of ,education ,sciences shall evaluate the effectiveness1 quality1 and return in investment of grant funds provided under this section4 7e7 ,authorization of appropriations ,there are authorized to be appropriated to the ,secretary of ,labor to carry out this section such sums as may be necessary for each of fiscal years #bjah through #bjbc4 #bjf4 ,interagency agreement ,the ,secretary of ,education and the ,secretary of ,labor shall jointly administer the programs under sections #bjc1 #bjd1 and #bje in accordance with such terms as the ,secretaries set forth in an interagency agreement4 ,such interagency agreement shall include1 at a minimum and for each such program-- 7#a7 a description of the respective roles and responsibilities of the ,secretaries 7both jointly and separately72 and 7#b7 provisions establishing that1 for each of the programs under such sections1 the ,secretary to whom funds are authorized to be appropriated under section #bjb7;f71 #bjd7;f71 or #bje7;e7 shall have fiscal authority over the program carried out under such section and will be responsible for the obligation and disbursement of such funds4