; (B) postsecondary vocational institution; or (C) secondary school. (2) Junior or community college The term junior or community college has the meaning given the term in section 312(f) of the Higher Education Act of 1965 ( 20 U.S.C. 1058(f) ). (3) Postsecondary vocational institution The term postsecondary vocational institution has the meaning given the term in section 102(c) of the Higher Education Act of 1965 ( 20 U.S.C. 1002(c) ). (4) Secondary school The term secondary school has the meaning given the term in section 9101 of the Elementary and Secondary Education Act of 1965 ( 20 U.S.C. 7801 ). (5) Skilled labor and trade industries The term skilled labor and trade industries shall be defined by the Secretary of Labor. 3. Financing a Skilled 21st Century Workforce Goal (a) Program authorized The Secretaries of Education and the Treasury, jointly with the advisory panel, shall administer a pay-for-performance pilot program for 5 years to raise funds from qualified investors to cover the cost of a workforce training program that increases trade certifications or apprenticeships for unemployed individuals or dislocated workers, and that meets the requirements of subsection (b). (b) Program requirements The pay-for-performance pilot program carried out under subsection (a) shall require that— (1) the Secretaries and the advisory panel establish the goals of increasing trade certifications or apprenticeships for unemployed individuals or dislocated workers, and other social and financial goals (such as reducing Federal, State, and local expenditures related to workforce training) for the program; (2) a qualified investor enters into a pay-for-performance agreement with the Secretaries under which the qualified investor— (A) provides funds to a service provider selected by the Secretaries, the advisory panel, and the qualified investor to meet the goals established under paragraph (1); and (B) agrees to the repayment terms described in paragraph (4)