Sec. 705. Project and program reserves
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To ensure that the establishment, maintenance, and allotment of project and program reserves contribute to prudent management, not later than 180 days after the date of enactment of this Act, the Administrator shall transmit to the Committee on Science, Space, and Technology of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate a report describing the Administration’s criteria for establishing the amount of reserves at the project and program levels and how such criteria complement the Administration’s policy of budgeting at a 70-percent confidence level.