124 STAT. 2790 PUBLIC LAW 111–264—OCT. 8, 2010 (ii) by striking the second sentence and inserting ‘‘The Secretary shall ensure that no Federal funds shall be obligated under any such contract after the date that is 5 years after the date on which the contract is entered into, except as provided in paragraphs (2) and (3).’’; (B) in paragraph (2)— (i) in the matter preceding subparagraph (A)— (I) by striking ‘‘Subject to paragraph (1)(B), the’’ and inserting ‘‘The’’; and (II) by striking ‘‘3’’ and inserting ‘‘5’’; (ii) in subparagraph (A) by striking ‘‘150,000’’ and all that follows through ‘‘and’’ at the end and inserting ‘‘the inventory goal described in subsection (a) has not yet been met;’’; (iii) in subparagraph (B)— (I) by inserting ‘‘meeting the requirements under subsection (d)’’ after ‘‘receive an application for a contract under this section’’; and (II) by striking ‘‘or the Secretary’’ and all that follows through the period at the end and inserting ‘‘; or’’; and (iv) by adding at the end the following: ‘‘(C) the Secretary determines that the outstanding inventory need cannot be met by the qualified cord blood banks under contract under this section.’’; and (C) by striking paragraph (3) and inserting the fol- lowing: ‘‘(3) EXTENSION ELIGIBILITY.—A qualified cord blood bank shall be eligible for a 5-year extension of a contract awarded under this section, as described in paragraph (2), provided that the qualified cord blood bank— ‘‘(A) demonstrates a superior ability to satisfy the requirements described in subsection (b) and achieves the overall goals for which the contract was awarded; ‘‘(B) provides a plan for how the qualified cord blood bank will increase cord blood unit collections at collection sites that exist at the time of consideration for such exten- sion of a contract, assist with the establishment of new collection sites, or contract with new collection sites; and ‘‘(C) annually provides to the Secretary a plan for, and demonstrates, ongoing measurable progress toward achieving self-sufficiency of cord blood unit collection and banking operations.’’; (5) in subsection (g)(4), by striking ‘‘or parent’’; and (6) in subsection (h)— (A) by striking paragraphs (1) and (2) and inserting the following: ‘‘(1) AUTHORIZATION OF APPROPRIATIONS.—There are authorized to be appropriated to the Secretary to carry out the program under this section $23,000,000 for each of fiscal years 2011 through 2014 and $20,000,000 for fiscal year 2015.’’; (B) by redesignating paragraph (3) as paragraph (2); and (C) in paragraph (2), as so redesignated, by striking ‘‘in each of fiscal years 2007 through 2009’’ and inserting ‘‘for each of fiscal years 2011 through 2015’’. Contracts. Determination.
