GENERAL AUTHORITY.

SEC. 301. GENERAL AUTHORITY. (a) In General.— The Secretary shall award grants to States to pay for the Federal share of the cost of the establishment and administration of, or the expansion and administration of, an alternative financing program featuring one or more alternative financing mechanisms to allow individuals with disabilities and their family members, guardians, advocates, and authorized representatives to purchase assistive technology devices and assistive technology services (referred to individually in this title as an “alternative financing mechanism”). (b) Mechanisms.— The alternative financing mechanisms may include— (1) a low-interest loan fund; (2) an interest buy-down program; (3) a revolving loan fund; (4) a loan guarantee or insurance program; (5) a program operated by a partnership among private entities for the purchase, lease, or other acquisition of assistive technology devices or assistive technology services; or (6) another mechanism that meets the requirements of this title and is approved by the Secretary. (c) Requirements.— (1) Period.— The Secretary may award grants under this title for periods of 1 year. (2) Limitation.— No State may receive more than one grant under this title. (d) Federal Share.— The Federal share of the cost of the alternative financing program shall not be more than 50 percent. (e) Construction.— Nothing in this section shall be construed as affecting the authority of a State to establish an alternative financing program under title I.