Sec. 406. DEMONSTRATION AUTHORITY; ANNUAL GRANTS

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## SEC. 406 DEMONSTRATION AUTHORITY; ANNUAL GRANTS ###

(a)Demonstration Authority If the Secretary approves an application to conduct a demonstration project under this title, the Secretary shall, not later than 10 months after the date of enactment of this title, authorize the applicant to conduct the project for 5 project years in accordance with the approved application and the requirements of this title. ###

(b)Grant Authority For each project year of a demonstration project conducted under this title, the Secretary may make a grant to the qualified entity authorized to conduct the project. In making such a grant, the Secretary shall make the grant on the first day of the project year in an amount not to exceed the lesser of— ####

(1)the aggregate amount of funds committed as matching contributions from non-Federal public or private sector sources; or ####

(2)$1,000,000.