42 U.S.C. § 5027: Multiyear grants or contracts

to demonstrate that such applicant is in compliance with such part and with the terms and conditions of such grant or contract; and to provide information to update the application submitted to obtain such grant or contract. If the amount appropriated for any fiscal year to carry out part A, B, or C in a period during which multiyear grants or contracts are in effect under such part is less than the amount appropriated to carry out such part in the first fiscal year in such period, then the amounts payable under all such grants and contracts in effect in such period under such part shall be reduced pro rata. The Director shall require each applicant for a multiyear grant or contract under this section, to document or describe in the application any meaningful administrative savings that will result from such multiyear grant or contract. If an applicant does not receive a multiyear grant or contract under this section, the Director shall consider such applicant for a single-year grant or contract. the overall level of funding for such project; any adjustments to Federal financial assistance that may be available under section 5026 of this title ; and the renewal of funding on the expiration of the term of such contract or grant.