; and (ii) in such manner and containing such information as the Secretary may require. (D) Factors In determining whether to make an award to a participating State under this paragraph, the Secretary shall consider the factors described in paragraph (3)(C). (E) Minimum amount The Secretary may not make an award of less than $5,000,000 under this paragraph. (5) Compliance and reporting requirements During the period beginning on the date on which a participating State first receives funds under paragraph (2), (3), or (4) and ending on the date that is 8 years after the date of enactment of the Small Business Access to Capital Act of 2017 , the participating State shall submit quarterly and annual reports containing the information described in, and in accordance with the deadlines established under, section 3007. (6) Administration and implementation (A) Administrative expenses for participating States A participating State may use not more than 3 percent of the amount made available to the participating State under paragraph (2), (3), or (4) for administrative expenses incurred by the participating State in implementing an approved State program. (B) Contracting During the 1-year period beginning on the date of enactment of the Small Business Access to Capital Act of 2017 , and notwithstanding any other provision of law relating to public contracting, the Secretary may enter into contracts to carry out this subsection. (C) Amounts not assistance Any amounts transferred to a participating State under paragraph (2), (3), or (4) shall not be considered assistance for purposes of subtitle V of title 31, United States Code. (D) Appropriation There are appropriated to the Secretary, out of any funds in the Treasury not otherwise appropriated, $1,500,000,000 to carry out this subsection, including to pay reasonable costs of administering the programs under this subsection, to remain available until expended. (E) Termination of secretary’s program administration functions Notwithstanding section 3009(c), the authorities