Three percent of the Fund is set aside for the Department's own work
What the document says“Of each amount appropriated for or transferred to the Fund, 3 percent shall be made available for activities described in subparagraph (A)(ii), which shall be in addition to other amounts made available for those activities.”
The section makes money in the Fund available for grants under the new section 124 of the Housing and Community Development Act of 1974 and for departmental activities supporting those grants, including salaries and expenses, information technology, capacity building, technical assistance, and pre-disaster readiness. Three percent of each amount is set aside for those departmental activities, on top of anything else provided, and may be transferred to the relevant salaries and expenses account.
What the document actually says“Of each amount appropriated for or transferred to the Fund, 3 percent shall be made available for activities described in subparagraph (A)(ii), which shall be in addition to other amounts made available for those activities.”
Part of every amount put into the fund is held back. That share is 3 percent. It pays for the agency's own work on these grants. It comes on top of other money for that work.
The rest of the fund goes out as grants. The 3 percent pays for staff, systems, and expert help. It also pays for getting ready before a disaster.
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