PLANNING PERFORMANCE AWARDS.

SEC. 216. [42 U.S.C. 3154b] PLANNING PERFORMANCE AWARDS. (a) In General.—The Secretary may make a planning performance award in connection with a grant made, on or after the date of enactment of this section, to an eligible recipient for a project under this title located in an economic development district. (b) Eligibility.—The Secretary may make a planning performance award to an eligible recipient under subsection (a) in connection with a grant for a project if the Secretary determines before closeout of the project that— (1) the recipient actively participated in the economic development activities of the economic development district in which the project is located; (2) the project is consistent with the comprehensive economic development strategy of the district; (3) the recipient worked with Federal, State, and local economic development entities throughout the development of the project; and (4) the project was completed in accordance with the comprehensive economic development strategy of the district. (c) Maximum Amount.—The amount of a planning performance award made under subsection (a) in connection with a grant may not exceed 5 percent of the amount of the grant. (d) Use of Awards.—A recipient of a planning performance award under subsection (a) shall use the award to increase the Federal share of the cost of a project under this title. (e) Federal Share.—Notwithstanding section 204, the funds of a planning performance award may be used to pay up to 100 percent of the cost of a project under this title. (f) Funding.—The Secretary shall use any amounts made available for economic development assistance programs to carry out this section.