COST SHARING.

SEC. 2215. COST SHARING. Section 204 of the Public Works and Economic Development Act of 1965 (42 U.S.C. 3144) is amended— (1) in subsection (a)(1), by striking “50” and inserting “60”; (2) in subsection (b)— (A) by striking “In determining” and inserting the following: “(1) In general.—In determining” ; and (B) by adding at the end the following: “(2) Regional commission funds.—Notwithstanding any other provision of law, any funds contributed by a Regional Commission for a project under this title may be considered to be part of the non-Federal share of the costs of the project.” ; and (3) in subsection (c)— (A) in paragraph (2), by inserting “or can otherwise document that no local matching funds are reasonably obtainable” after “or political subdivision”; (B) in paragraph (3)— (i) by striking “section 207” and inserting “section 203 or 207”; and (ii) by striking “project if” and all that follows through the period at the end and inserting “project.”; and (C) by adding at the end the following: “(4) Small communities.—In the case of a grant to a political subdivision of a State (as described in section 3(6)(A)(iv)) that has a population of fewer than 10,000 residents and meets 1 or more of the eligibility criteria described in section 301(a), the Secretary may increase the Federal share under paragraph (1) up to 100 percent of the total cost of the project.” .