Sec. 10607. Reserve Fund
137 words·~1 min read·
/bill/116/hr/8352/ih/section-10607·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 407(c) is amended— in paragraph (1)(D), by inserting or organizations after organization ; and by amending paragraph
(3)to read as follows: Of the amount provided to a qualified entity under section 406(b)— not more than 5.5 percent shall be used for the purpose described in subparagraph
(A)of paragraph (1); not less than 80 percent shall be used for the purpose described in subparagraph
(B)of such paragraph; and not more than 14.5 percent shall be used for the purposes described in subparagraphs
(C)and
(D)of such paragraph. If two or more qualified entities are jointly administering a demonstration project, no one such entity shall use more than its proportional share of the percentage indicated in subparagraph
(A)of this paragraph for the purposes described in subparagraphs
(A)through
(D)of paragraph (1). .