; and (D) to applicants from a broad base of eligible partnerships that involve businesses and community organizations. (3) Secretarial selection The Secretary shall determine, based on the peer review process, which applications shall receive funding and the amounts of the grants. In determining grant amounts, the Secretary shall take into account the total amount of funds available for all grants under this part and the types of activities proposed to be carried out by the eligible partnership. (c) Matching requirements (1) In general Each eligible partnership receiving a grant under this part shall provide, from non-Federal sources, an amount equal to 50 percent of the amount of the grant, which may be provided in cash or in-kind, to carry out the activities supported by the grant. (2) Waiver The Secretary may waive all or part of the matching requirement described in paragraph (1) for any fiscal year for an eligible partnership if the Secretary determines that applying the matching requirement to the eligible partnership would result in serious hardship or an inability to carry out the authorized activities described in this part. (d) Limitation on administrative expenses An eligible partnership that receives a grant under this part may use not more than 2 percent of the funds provided to administer the grant. 204. Accountability and evaluation (a) Eligible partnership evaluation Each eligible partnership submitting an application for a grant under this part shall establish, and include in such application, an evaluation plan that includes strong and measurable performance objectives. The plan shall include objectives and measures for increasing the following: (1) For teacher preparation programs, each of the following: (A) Achievement for all prospective and new teachers, as measured by the eligible partnership. (B) Teacher retention in the first 3 years of a teacher’s career. (C) Improvement in the pass rates and scaled scores for initial State certification or licensure of teachers. (D) The percentage of