Page:United States Statutes at Large Volume 119.djvu/3572

 119 STAT. 3554

PUBLIC LAW 109–163—JAN. 6, 2006

(B) REDUCTION IN MATCHING REQUIREMENT.—If the Administrator determines that a proposed project merits support and cannot be undertaken without a higher percentage of Federal financial assistance, the Administrator may award a grant for such project with a lesser matching requirement than is described in paragraph (1). (f) APPLICATION.— (1) IN GENERAL.—The Administrator shall determine who, as an eligible applicant, may submit an application, at such time, in such form, and containing such information and assurances as the Administrator may require. (2) MINIMUM STANDARDS FOR PAYMENT OR REIMBURSEMENT.—Each application submitted under paragraph (1) shall include— (A) a comprehensive description of— (i) the need for the project; (ii) the methodology for implementing the project; and (iii) any existing programs or arrangements that can be used to supplement or leverage assistance under the program. (3) PROCEDURAL SAFEGUARDS.—The Administrator, in consultation with the Office of the Inspector General, shall issue guidelines to establish appropriate accounting, reporting, and review procedures to ensure that— (A) grant funds are used for the purposes for which they were made available; (B) grantees have properly accounted for all expenditures of grant funds; and (C) grant funds not used for such purposes and amounts not obligated or expended are returned. (4) PROJECT APPROVAL REQUIRED.—The Administrator may not award a grant under this section unless the Administrator determines that— (A) sufficient funding is available to meet the matching requirements of subsection (e); (B) the project will be completed without unreasonable delay; and (C) the recipient has authority to carry out the proposed project. (g) AUDITS AND EXAMINATIONS.—All grantees under this section shall maintain such records as the Administrator may require and make such records available for review and audit by the Administrator. (h) SMALL SHIPYARD DEFINED.—In this section, the term ‘‘small shipyard’’ means a shipyard that— (1) is a small business concern (within the meaning of section 3 of the Small Business Act (15 U.S.C. 632); and (2) does not have more than 600 employees. (i) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated to the Administrator of the Maritime Administration for each of fiscal years 2006 through 2010 to carry out this section— (1) $5,000,000 for training grants; and (2) $25,000,000 for capital and related improvement grants.

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