The amount of the grant to a State under this section for a qualified enterprise community shall be 1⁄95 of $280,000,000, multiplied by that proportion of the population of the community that resides in the State.
The Secretary shall make population determinations for purposes of this paragraph based on the most recent decennial census data available.
$1,000,000,000 shall be made available to the Secretary for grants under this section.
A State may use a portion of any grant made under this section in the manner described in section 1397a(e) of this title.
Each State to which an amount is paid under this subsection during a fiscal year with respect to an area the designation of which under part I of subchapter U of chapter 1 of the Internal Revenue Code of 1986 ends before the end of the fiscal year shall remit to the Secretary an amount equal to the total of the amounts so paid with respect to the area, multiplied by that proportion of the fiscal year remaining after the designation ends.
Each State shall remit to the Secretary any amount paid to the State under this section that is not obligated by the end of the 2-year period that begins with the date of the payment.
The amount specified in section 1397b(c) of this title for any fiscal year is hereby increased by the total of the amounts remitted during the fiscal year pursuant to subsection (d) of this section.
The amount specified in section 1397b(c) of this title for fiscal year 1998 is hereby increased by the amount made available for grants under this section that has not been paid to any State by the end of fiscal year 1997.