Page:United States Statutes at Large Volume 112 Part 4.djvu/1035

 PUBLIC LAW 105-285—OCT. 27, 1998 112 STAT. 2767 not less than 2 percent of the amounts shall be used by the qualified entity for the purposes described in paragraph (1)(D). If two or more qualified entities are jointly administering a project, no qualified entity shall use more than its proportional share for the purposes described in subparagraphs (A), (C), and (D) of paragraph (1). (d) UNUSED FEDERAL GRANT FUNDS TRANSFERRED TO THE SEC- RETARY WHEN PROJECT TERMINATES.— Notwithstanding subsection (c), upon the termination of any demonstration project authorized under this section, the qualified entity conducting the project shall transfer to the Secretary an amount equal to— (1) the amounts in its Reserve Fund at the time of the termination; multiplied by (2) a percentage equal to— (A) the aggregate amount of grants made to the qualified entity under section 406(b); divided by (B) the aggregate amount of all funds provided to the qualified entity from all sources to conduct the project. SEC. 408. ELIGIBILITY FOR PARTICIPATION. (a) IN GENERAL. — Any individual who is a member of a household that is eligible for assistance under the State temporary assistance for needy families program established under part A of title IV of the Social Security Act (42 U.S.C. 601 et seq.), or that meets each of the following requirements shall be eligible to participate in a demonstration project conducted under this title: (1) INCOME TEST.— The adjusted gross income of the household does not exceed the earned income amount described in section 32 of the Internal Revenue Code of 1986 (taking into account the size of the household). (2) NET WORTH TEST.— (A) IN GENERAL.— The net worth of the household, as of the end of the calendar year preceding the determination of eligibility, does not exceed $10,000. (B) DETERMINATION OF NET WORTH. —For purposes of subparagraph (A), the net worth of a household is the amount equal to— (i) the aggregate market value of all assets that are owned in whole or in part by any member of the household; minus (ii) the obligations or debts of any member of the household. (C) EXCLUSIONS.—For purposes of determining the net worth of a household, a household's assets shall not be considered to include the primary dwelling unit and one motor vehicle owned by a member of the household. (b) INDIVIDUALS UNABLE TO COMPLETE THE PROJECT. —The Sec- Regulations, retary shall establish such regulations as are necessary to ensure compliance with this title if an individual participating in the demonstration project moves from the community in which the project is conducted or is otherwise unable to continue participating in that project, including regulations prohibiting future eligibility to participate in any other demonstration project conducted under this title.

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