; and (II) provide tentative approval of an applicant’s request for a waiver under subclause (I) for all remaining years of the project period; (iii) approve a Partnership applicant’s request in its application to match its contributions to its scholarship fund, established under section 404E, on the basis of two non-Federal dollars for every one dollar of Federal funds provided under this chapter; or (iv) approve a request by a Partnership applicant that has three or fewer institutions of higher education as members to waive up to 70 percent of the matching requirement if the Partnership applicant includes— (I) a fiscal agent that is eligible to receive funds under title V, or part B of title III, or section 316 or 317, or a local educational agency; (II) only participating schools with a 7th grade cohort in which at least 75 percent of the students are eligible for free or reduced-price lunch under the Richard B. Russell National School Lunch Act; and (III) only local educational agencies in which at least 50 percent of the students enrolled are eligible for free or reduced-price lunch under the Richard B. Russell National School Lunch Act; and (B) after a grant is awarded, approve a Partnership grantee’s written request for a waiver of up to—— (i) 50 percent of the matching requirement for up to two years if the grantee demonstrates that— (I) the matching contributions described for those two years in the grantee’s approved application are no longer available; and (II) the grantee has exhausted all funds and sources of potential contributions for replacing the matching funds