Sec. 162. ### (a) Short Title

442 words·~2 min read·/statute-compilations/comps-12226/sec-162

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## Sec. 162 ###

(a)Short Title This section may be cited as the “SOAR Funding Availability Act”. ###

(b)Requiring Use of Funds Remaining Unobligated From Previous Fiscal Years Section 3007 of the Scholarships for Opportunity and Results Act (sec. 38–1853.07, D.C. Official Code) is amended by adding at the end the following: > > ### “(e) Requiring Use of Funds Remaining Unobligated From Previous Fiscal Years > > > #### “(1) In general > > To the extent that any funds appropriated for the opportunity scholarship program under this division for any fiscal year remain available for subsequent fiscal years under section 3014(c), the Secretary shall make such funds available to eligible entities receiving grants under section 3004(a) for the uses described in paragraph (2)— > > > ##### “(A) > > in the case of any remaining funds that were appropriated before the date of enactment of the SOAR Funding Availability Act, beginning on the date of enactment of such Act; and > > > ##### “(B) > > in the case of any remaining funds appropriated on or after the date of enactment of such Act, by the first day of the first subsequent fiscal year. > > > #### “(2) Use of funds > > If an eligible entity to which the Secretary provided additional funds under paragraph

(1)elects to use such funds during a fiscal year, the eligible entity shall use— > > > ##### “(A) > > not less than 95 percent of such additional funds to provide additional scholarships for eligible students under subsection (a), or to increase the amount of the scholarships, during such year; and > > > ##### “(B) > > not more than a total of 5 percent of such additional funds for administrative expenses, parental assistance, or tutoring, as described in subsections (b), (c), and (d), during such year. > > > #### “(3) Special rule > > Any amounts made available for administrative expenses, parental assistance, or tutoring under paragraph (2)(B) shall be in addition to any other amounts made available for such purposes in accordance with subsections (b), (c), and (d).” > . ###

(c)Availability of Funds Section 3014 of such Act (sec. 38–1853.14, D.C. Official Code) is amended by adding at the end the following: > > ### “(c) Availability > > Amounts appropriated under subsection (a)(1), including amounts appropriated and available under such subsection before the date of enactment of the SOAR Funding Availability Act, shall remain available until expended.” > . ###

(d)Effective Date The amendments made by this section shall take effect on the date of enactment of this section.