Reduction of cost-sharing requirements for grants

(a) Reduction of cost-Sharing requirement Beginning on the date of the enactment of this Act and ending 5 years thereafter, the head of an executive agency shall reduce any cost-sharing requirement 25 percent for an eligible nonprofit organization for grants made directly to that organization. (b) Definitions In this section: (1) Eligible nonprofit organization The term eligible nonprofit organization means a nonprofit organization that is located in a State with more than 20 percent of individuals living below the Federal poverty line. (2) Executive agency The term executive agency has the meaning given in section 133 of title 41, United States Code. (3) Nonprofit organization The term nonprofit organization means an organization that is described in section 501(c)(3) of the Internal Revenue Code of 1968 and exempt from taxation under section 501(a) of such Code. (4) State The term State means each of the several States, the District of Columbia, each commonwealth, territory, or possession of the United States, and each federally recognized Tribe.