Page:United States Statutes at Large Volume 108 Part 1.djvu/120

 108 STAT. 94 PUBLIC LAW 103-218—MAR. 9, 1994 "(4) Funds comprised of the principal and interest from an account described in paragraph (3) shall be available to support an alternative financing mechanism assisted under section 301. Any interest or investment income that accrues on such funds after such funds have been placed under the control of the entity administering the mechanism, but before such funds are distributed for purposes of supporting the mechanism, shall be the property of the entity administering the mechanism and shall not be taken into account by any officer or employee of the Federal Government for any purpose. 29 USC 2285. "SEC. 305. AMOUNT OF GRANTS. "(a) AMOUNT.— "(1) IN GENERAL.— Except as provided in paragraph (2), a grant under section 301 shall he for an amount that is not more than $500,000. "(2) INCREASES.— Such a grant may be increased by any additional funds made available under subsection (b). "(b) EXCESS FUNDS. —If funds appropriated under section 308 for a fiscal year exceed the amount necessary to fund the activities described in acceptable applications submitted under section 302 for such year, the Secretary shall make such excess amount available, on a competitive basis, to States receiving grants under section 301 for such year. A State that desires to receive additional funds under this subsection shall amend and resubmit to the Secretary the application submitted under section 302. Such amended application shall contain an assurance that the State will provide an additional amount for the purpose of supporting the alternative financing mechanisms covered by the grant that is not less than the amount of any additional funds paid to the State by the Secretary under this subsection. "(c) INSUFFICIENT FUNDS.— If funds appropriated under section 308 for a fiscal year are not sufficient to fund each of the activities described in the acceptable applications for such year, a State whose application was approved as acceptable for such year but that did not receive a grant under section 301, may update such - application for the succeeding fiscal year. Priority shall be given in such succeeding fiscal year to such updated applications, if acceptable. 29 USC 2286. «SEC. 306. TECHNICAL ASSISTANCE. "(a) IN GENERAL. — The Secretary shall provide information and technical assistance to States under this title, and the information and technical assistance shall include— "(1) assisting States in the preparation of applications for grants under section 301; "(2) assisting States that receive such grants in developing and implementing alternative financing mechanisms; and "(3) providing any other information and technical assistance to assist States in accomplishing the objectives of this title. "(b) GRANTS, CONTRACTS, AND AGREEMENTS. — The Secretary shall provide the information and technical assistance described in subsection (a) through grants, contracts, or cooperative agreements with public or private agencies and organizations, including institutions of higher education, with documented experience, expertise, and capacity to assist States in the development and

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