The Office of the Budget shall do all of the following:

1. (1) Establish a process to allocate portions of IIJA and IRA funding to the CWTP, so that eligible organizations may be reimbursed for covered expenses in accordance with relevant Federal reporting requirements.
2. (2) Seek reimbursement from the Federal government for up to a maximum amount of $400 million over the 5 years of expected funding from the IIJA and IRA.
3. (3) Segregate these funds as might be required to allocate specific grants made to eligible organizations under the CWTP so that those grants match program requirements for individual Federal agencies.
4. (4) Provide for the overhead and operational costs that may be reasonably necessary for the execution of the CWTP, incorporating those costs for Federal reimbursement.