; (3) not later than 90 days after the date of enactment of this Act, shall provide notice to States that the Federal Highway Administration is requesting participants for the pilot program; (4) shall allow to participate in the pilot program— (A) a State that maintains a toll credit balance accumulated before the date of enactment of this Act; (B) a State that does not maintain infrastructure for the collection of toll credits; and (C) a State that has not accumulated a toll credit balance; and (5) shall not allow a State to purchase or sell toll credits in an amount that is less than 10 percent of the value of the toll credit value if applied as a non-Federal share requirement under section 120(i)(1) of title 23, United States Code. (e) Reporting requirements (1) Initial report Not later than 180 days after notice of the pilot program is provided to the States under subsection (d)(3), the Secretary shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Environment and Public Works of the Senate a report on the progress of the toll credit marketplace. (2) State report Not later than 30 days after a purchase or sale in the toll credit marketplace under the pilot program— (A) a State selling toll credits shall provide to the Secretary information on the transaction, including— (i) the amount of cash received; (ii) the value of toll credits sold; (iii) the intended use of the cash; and (iv) the remaining toll credit balance of the State; and (B) a State purchasing toll credits shall provide to the Secretary information on— (i) the value of toll credits purchased; (ii) the anticipated use of the toll credits