‘‘(d) ALLOCATION OF FUNDS.—
‘‘(1) ALLOCATION FACTORS.—Except as other-
wise provided in paragraph (2), the Secretary shall
allocate the amounts made available to carry out
this section pursuant to subsection (a) to each State
according to the relative populations in all the States
of students in grades 7 through 12, as determined
by the Secretary based on the most recent satisfac-
tory data.
‘‘(2) MINIMUM
ALLOCATION.—Subject to the
availability of appropriations and notwithstanding
paragraph (1), a State that has submitted an ap-
proved plan under subsection (c) shall be allocated
an amount not less than $400,000 for a fiscal year.
‘‘(3) REALLOCATION.—In any fiscal year an al-
location under this subsection—
‘‘(A) for a State that has not submitted a
plan under subsection (c); or
‘‘(B) for a State whose plan submitted
under subsection (c) has been disapproved by
the Secretary;
shall be reallocated to the remaining States in ac-
cordance with paragraph (1).
‘‘(e) USE OF GRANT FUNDS.—
‘‘(1) REQUIRED
USES.—A grant made to a
State under subsection (a) shall be used—
‘‘(A) to provide funds to local educational
agencies and public schools to carry out entre-
preneurship education programs for students in
grades 7 through 12 based on the concept of
lifelong learning necessary to encourage the en-
trepreneurial spirit; and
‘‘(B) to monitor and evaluate programs
supported under subparagraph (A).
‘‘(2) PERMISSIBLE USE.—A grant made to a
State under subsection (a) may be used for profes-
sional development that helps to prepare teachers
and administrators for entrepreneurial education.
‘‘(3) LIMITATION ON ADMINISTRATIVE COSTS.—
A State receiving a grant under subsection (a) may
use not more than 4 percent of the total amount of
the grant in each fiscal year for the administrative
costs of carrying out this section.
‘‘(f) REPORT TO THE SECRETARY.—Each agency re-
ceiving a grant as described in subsection (b) shall trans-
mit a report to the Secretary with respect to each fiscal
year for which a grant was received. The report shall de-
scribe the programs supported by the grant and the re-
sults of the State’s monitoring and evaluation of such pro-
grams.
‘‘SEC. 5403. DIRECT LOCAL GRANT PROGRAM.
‘‘In any fiscal year in which the appropriations under
section 5408(a) are less than $50,000,000, the Secretary
may make grants directly to local educational agencies and
public schools to provide entrepreneurship education to
students in grades 7 through 12.
‘‘SEC. 5404. CLEARINGHOUSE.
‘‘(a) AUTHORITY.—The Secretary shall make a grant
to or execute a contract with an organization or institution
with substantial experience in the field of entrepreneurship
education to establish, operate, and maintain a national
clearinghouse (in this part referred to as the ‘‘Clearing-
house’’) for instructional materials and information re-
garding exemplary entrepreneurship education programs
and best practices.
‘‘(b) APPLICATION.—An organization or institution
desiring to establish, operate, and maintain the Clearing-
house shall submit an application to the Secretary at such
time, in such manner, and accompanied by such informa-
tion, as the Secretary may reasonably require.
‘‘(c) BASIS AND TERM.—The Secretary shall make
the grant or contract authorized by subsection (a) on a
competitive, merit basis for a term of 5 years.
‘‘(d) USE OF FUNDS.—The Clearinghouse shall use
the funds provided under a grant or contract made under
subsection (a)—
‘‘(1) to maintain a repository of instructional
materials and related information regarding entre-
preneurship education programs for secondary
schools, including middle schools, for use by States,
localities, and the general public;
‘‘(2) to disseminate to States, localities, and the
general public, through electronic and other means,
instructional materials and related information re-
garding entrepreneurship education programs for
secondary schools, including middle schools; and
‘‘(3) to the extent that resources allow, to pro-
vide technical assistance to States, localities, and the
general public on the design, establishment, and im-
plementation of entrepreneurship education pro-
grams for secondary schools, including middle
schools.
‘‘(e) CONSULTATION.—The Clearinghouse shall con-
sult with the Small Business Administration with respect
to its activities under subsection (d).
‘‘(f) SUBMISSION TO CLEARINGHOUSE.—Each Fed-
eral agency or department that develops entrepreneurship
education programs or instructional materials for such
programs shall submit to the Clearinghouse information
on the programs and copies of the materials.
‘‘(g) APPLICATION OF COPYRIGHT LAWS.—In car-
rying out this section the Clearinghouse shall ensure com-
pliance with title 17, United States Code.
‘‘SEC. 5405. EVALUATION.
‘‘(a) PERFORMANCE
MEASURES.—The Secretary
shall develop measures to evaluate the performance of pro-
grams assisted under sections 5402 and 5403.
‘‘(b) EVALUATION ACCORDING
TO PERFORMANCE
MEASURES.—Applying the performance measures devel-
oped under subsection (a), the Secretary shall evaluate
programs assisted under sections 5402 and 5403—
‘‘(1) to judge their performance and effective-
ness;
‘‘(2) to identify which of the programs rep-
resent the best practices of entities developing entre-
preneurship education programs for students in
grades 7 through 12; and
‘‘(3) to identify which of the programs can be
replicated and used to provide technical assistance to
States, localities, and the general public.
‘‘SEC. 5406. REPORT TO THE CONGRESS.
‘‘For each fiscal year for which there are appropria-
tions under section 5408(a), the Secretary shall transmit
a report to the Congress describing the status of the im-
plementation of this part. The report shall include the re-
sults of the evaluation required by section 5405 and a de-
scription of the programs supported under sections 5402
and 5403.
‘‘SEC. 5407. DEFINITIONS.
‘‘In this part—
‘‘(1) the term ‘entrepreneurship education’
means 
educational 
activities 
and 
experiences,
planned and supervised by qualified teachers, that
enable students to explore business ownership oppor-
tunities, acquire the skills and knowledge necessary
to start a business, and develop a range of entrepre-
neurial competencies that will help them to explore
and identify their lifelong career goals as business
owners or as competent employees; and
‘‘(2) the term ‘qualified teacher’ means a teach-
er who holds a valid teaching certification or is con-
sidered to be qualified by the State educational
agency in the State in which the teacher works.
‘‘SEC. 5408. AUTHORIZATION OF APPROPRIATIONS.
‘‘(a) AUTHORIZATION.—For the purposes of carrying
out this part, there are authorized to be appropriated
$60,000,000 for each of the fiscal years 1999 through
2004.
‘‘(b) LIMITATION
ON
FUNDS
FOR
CLEARING-
HOUSE.—The Secretary may use not less than 2 percent
and not more than 5 percent of amounts appropriated
under subsection (a) for each fiscal year to carry out sec-
tion 5404.
‘‘(c) LIMITATION
ON
FUNDS
FOR
SECRETARY’S
EVALUATION.—The Secretary may use not more than
$200,000 from the amounts appropriated under sub-
section (a) for each fiscal year to carry out section 5405.
‘‘(d) LIMITATION ON ADMINISTRATIVE COSTS.—Ex-
cept as necessary to carry out section 5405 using amounts
described in subsection (c), the Secretary shall not use any
portion of the amounts appropriated under subsection (a)
for the costs of administering this part.
‘‘(e) FUNDS FOR GRANTS.—For each fiscal year the
Secretary shall use all amounts appropriated under sub-
section (a), other than the amounts described in sub-
sections (b) and (c), only for grants under section 5402
or 5403.’’.
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