Sec. 363. Availability of funds
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Of the amounts available under section 362(b), the Secretary of Labor shall— allot $2,000,000,000 in accordance with section 364 to provide subsidized employment to unemployed, low-income adults; allot $1,500,000,000 in accordance with section 365 to provide summer and year-round employment opportunities to low-income youth; and award $1,500,000,000 in competitive grants in accordance with section 366 to local entities to carry out work-based training and other work-related and educational strategies and activities of demonstrated effectiveness to unemployed, low-income adults and low-income youth to provide the skills and assistance needed to obtain employment.
The Secretary of Labor may reserve not more than 1 percent of amounts available under each of paragraphs
(1)through
(3)of subsection
(a)for the costs of technical assistance, evaluations and Federal administration of this Act. The amounts appropriated under this Act shall be available for obligation by the Secretary of Labor until December 31, 2014, and shall be available for expenditure by grantees and subgrantees until September 30, 2015.