; and (5) by striking the second sentence of paragraph (4), as so redesignated, and inserting the following: Any carryover under the preceding sentence of an amount allocated under paragraph (3) shall be allocated first among qualified community development entities located in community economic assistance areas, and may then be allocated among any qualified community development entities selected by the Secretary under paragraph (2). No amount may be carried under the preceding sentences to any calendar year after 2024. . 6. Approval of community economic development plans A community economic development plan for a region shall be considered approved under this section if each of the following criteria are satisfied: (1) The plan is submitted to the Secretary of the Treasury in such form, and containing such information, as the Secretary may require. (2) The plan contains a certification that the plan was developed and approved through a process that included participation from the following: (A) State, Indian tribal, and local governments and agencies or instrumentalities of State, Indian tribal, and local governments. (B) State planning boards, workforce investment boards, chambers of commerce, and economic development organizations, if relevant. (C) Local businesses. (D) Labor and health organizations. (E) Public school systems and institutions of higher education (as defined in section 101 of the Higher Education Act of 1965 ( 20 U.S.C. 1001 )). (F) Religious and other community-based groups in the region, including those that provide assistance to the workers of the region and the families of the workers. (G) Other public community institutions, such as library and park systems. (H) Members of the public, including unemployed or soon to be unemployed workers. (3) The Secretary determines that the plan— (A) ascertains the severity of an anticipated or existing economic dislocation of the region, including consideration of measures of unemployment rates and employment opportunities