by the State under subsection (e) an amount equal to 70 percent of the amount of such reduction so demonstrated for such specified period. (2) The State establishes such a community shared savings account in accordance with subsection (e) and agrees to transfer to each participating community within such State 100 percent of such amounts transferred under paragraph (1) that are verified by the Secretary as attributable to such community. (3) Each participating community in such State— (A) establishes a community shared savings board described in subsection (d) that determines how funds transferred to such community under paragraph (2) are to be used for purposes of promoting the health and wellness of residents of such community