(ii)
Formula
Subject to clauses (iii) and (iv), of the remainder—
(I)
33⅓ percent shall be allotted on the basis of the relative number of unemployed individuals in areas of substantial unemployment in each State, compared to the total number of unemployed individuals in areas of substantial unemployment in all States;
(II)
33⅓ percent shall be allotted on the basis of the relative excess number of unemployed individuals in each State, compared to the total excess number of unemployed individuals in all States; and
(III)
33⅓ percent shall be allotted on the basis of the relative number of disadvantaged youth in each State, compared to the total number of disadvantaged youth in all States, except as described in clause (iii).
(iii)
Calculation
In determining an allotment under clause (ii)(III) for any State in which there is an area that was designated as a local area as described in
section 3122(c)(1)(C) of this title, the allotment shall be based on the higher of—
(I)
the number of individuals who are age 16 through 21 in families with an income below the low-income level in such area; or
(II)
the number of disadvantaged youth in such area.
(iv)
Minimum and maximum percentages and minimum allotments
In making allotments under this subparagraph, the Secretary shall ensure the following:
(I)
Minimum percentage and allotment
Subject to subclause (IV), the Secretary shall ensure that no State shall receive an allotment for a fiscal year that is less than the greater of—
(aa)
an amount based on 90 percent of the allotment percentage of the State for the preceding fiscal year; or
(bb)
100 percent of the allotments of the State under section 127(b)(1)(C) of the Workforce Investment Act of 1998 [
29 U.S.C. 2852(b)(1)(C)] (as in effect on the day before
July 22, 2014) for fiscal year 2014.
(II)
Small State minimum allotment
Subject to subclauses (I), (III), and (IV), the Secretary shall ensure that no State shall receive an allotment under this subparagraph that is less than the total of—
(aa)
3⁄10 of 1 percent of $1,000,000,000 of the remainder described in clause (i) for the fiscal year; and
(bb)
if the remainder described in clause (i) for the fiscal year exceeds $1,000,000,000, ⅖ of 1 percent of the excess.
(III)
Maximum percentage
(IV)
Minimum funding