Page:United States Statutes at Large Volume 112 Part 4.djvu/1033

 PUBLIC LAW 105-285—OCT. 27, 1998 112 STAT. 2765 (1) demonstrates the willingness and ability to select individuals described in section 408 who are predominantly from households in which a child (or children) is living with the child's biological or adoptive mother or father, or with the child's legal guardian; (2) provides a commitment of non-Federal funds with a proportionately greater amount of such funds committed from private sector sources; and (3) targets such individuals residing within one or more relatively well-defined neighborhoods or communities (including rural communities) that experience high rates of poverty or unemployment. (e) APPROVAL.—Not later than 9 months after the date of enact- Deadline, ment of this title, the Secretary shall, on a competitive basis, approve such applications to conduct demonstration projects under this title as the Secretary considers to be appropriate, taking into account the assessments reauired by subsections (c) and (d). The Secretary shall ensure, to the maximum extent practicable, that the applications that are approved involve a range of communities (both rural and urban) and diverse populations. (f) CONTRACTS WITH NONPROFIT ENTITIES.— The Secretary may contract with an entity described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from taxation under section 501(a) of such Code to carry out any responsibility of the Secretary under this section or section 412 if— (1) such entity demonstrates the ability to carry out such responsibility; and (2) the Secretary can demonstrate that such responsibility would not be carried out by the Secretary at a lower cost. (g) GRANDFATHERING OF EXISTING STATEWIDE PROGRAMS.— Any statewide individual asset-building program that is carried out in a manner consistent with the purposes of this title, that is established under State law as of the date of enactment of this Act, and that as of such date is operating with an annual State appropriation of not less than $1,000,000 in non-Federal funds, shall e deemed to meet the eligibility requirements of this subtitle, and the entity carrying out the program shall be deemed to be a qualified entity. The Secretary shall consider funding the statewide program as a demonstration project described in this subtitle. In considering the statewide program for funding, the Secretary shall review an application submitted by the entity carrying out such statewide program under this section, notwithstanding the preference requirements listed in subsection (d). Any program requirements under sections 407 through 411 that Eire inconsistent with State statutory requirements in effect on the date of enactment of this Act, governing such statewide program, shall not apply to the program. SEC. 406. DEMONSTRATION AUTHORITY; ANNUAL GRANTS. (a) DEMONSTRATION AUTHORITY.—I f the Secretary approves an Deadline, 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 59-194O-98 -34:QL3Part4

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