similar regulation (including part 75 of title 45, Code of Federal Regulations, or any corresponding similar regulation), as well as all other Federal laws and regulations related to intergovernmental financial transactions and to administration of federally funded grants and cooperative agreements between States and nonprofit organizations, or local governments, as applicable. 675. Grants to territories (a) Apportionment The Secretary shall apportion the amount reserved under section 692(c)(1) for each fiscal year on the basis of need to eligible jurisdictions, among Guam, American Samoa, the United States Virgin Islands, and the Commonwealth of the Northern Mariana Islands. (b) Grants The Secretary shall make a grant to each eligible jurisdiction to which subsection (a) applies for the amount apportioned under subsection (a). 676. Allotments and grants to States (a) Allotments in general From the amount appropriated under section 692(a) for each fiscal year and remaining after the Secretary makes the reservations required by section 692(c), the Secretary shall allot to each eligible State, subject to section 677, an amount that bears the same ratio to such remaining amount as the amount received by the State for fiscal year 1981 under section 221 of the Economic Opportunity Act of 1964 bore to the total amount received by all States for fiscal year 1981 under such section, except as provided in subsection (b). (b) Minimum allotments (1) In general The Secretary shall allot to each State not less than 1/2 of 1 percent of the amount appropriated under section 692(a) for such fiscal year and remaining after the Secretary makes the reservations required by section 692(c). (2) Years with greater available funds Notwithstanding paragraph (1), if the amount appropriated under section 692(a) for a fiscal year and remaining after the Secretary makes the reservations required by section 692(c) exceeds $850,000,000, no State shall receive under this section less than 3/4 of 1 percent of the remaining amount. (c) Grants