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JUN-30-2000 13:51
OMB/LRD/RDI
202 395 5691 P.04/08
2
Section 6 amends section 407(c)(3) by increasing from 9.5% to 15% the amount of funds that
grantee organizations may use to provide economic literacy training and other administrative
functions. Of this amount, not more than 7.5% may be used for administrative functions.
SEC. 7. ADDITIONAL ELIGIBILITY CRITERIA.
This section amends section 408(a) (which sets forth IDA participation criteria) by'adding two
additional critcria for eligibility as an IDA program participant Under this amendment, an
individual with an income less than 200% of the poverty line or 60% of the area median income
would be eligible to participate.
SEC. 8. REVISED ANNUAL PROGRESS REPORT DEADLINE.
Section 8 amends Section 412(c) which currently requires the first Annual Progress Report to be
delivered not later than 60 days after the end of the calcndar year. This amendment would
require the first report to be delivered not later than 60 days after the end of the project year.
SEC. 9. REVISED INTERIM EVALUATION REPORT DEADLINE.
This section amends section 414(d) which currently requires the first interim cvaluation to be
delivered not later than 90 days after the end of the calendar year in which the Secretary first
authorizes a demonstration project. This amendment would require the first interim evaluation to
be delivered not later than 90 days after the end of the project year.
SEC. 10 INCREASED APPROPRIATIONS FOR EVALUATION EXPENSES.
This section amends section 414(c) (which sets forth the amount the Secretary shall set aside to
evaluate the IDA program) by changing from 2% to the greater of 2% or $500,000 the amount of
IDA appropriations sct aside for such evaluation.
8 it #:000: 395 202
10:01 : 0 -00-9
SENT BY
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"ocrText": "JUN-30-2000 13:51\nOMB/LRD/RDI\n202 395 5691 P.04/08\n2\nSection 6 amends section 407(c)(3) by increasing from 9.5% to 15% the amount of funds that\ngrantee organizations may use to provide economic literacy training and other administrative\nfunctions. Of this amount, not more than 7.5% may be used for administrative functions.\nSEC. 7. ADDITIONAL ELIGIBILITY CRITERIA.\nThis section amends section 408(a) (which sets forth IDA participation criteria) by'adding two\nadditional critcria for eligibility as an IDA program participant Under this amendment, an\nindividual with an income less than 200% of the poverty line or 60% of the area median income\nwould be eligible to participate.\nSEC. 8. REVISED ANNUAL PROGRESS REPORT DEADLINE.\nSection 8 amends Section 412(c) which currently requires the first Annual Progress Report to be\ndelivered not later than 60 days after the end of the calcndar year. This amendment would\nrequire the first report to be delivered not later than 60 days after the end of the project year.\nSEC. 9. REVISED INTERIM EVALUATION REPORT DEADLINE.\nThis section amends section 414(d) which currently requires the first interim cvaluation to be\ndelivered not later than 90 days after the end of the calendar year in which the Secretary first\nauthorizes a demonstration project. This amendment would require the first interim evaluation to\nbe delivered not later than 90 days after the end of the project year.\nSEC. 10 INCREASED APPROPRIATIONS FOR EVALUATION EXPENSES.\nThis section amends section 414(c) (which sets forth the amount the Secretary shall set aside to\nevaluate the IDA program) by changing from 2% to the greater of 2% or $500,000 the amount of\nIDA appropriations sct aside for such evaluation.\n8 it #:000: 395 202\n10:01 : 0 -00-9\nSENT BY"
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