; (5) the extent to which such applicant will utilize partnerships and regional coordination to achieve one or more of the purposes under subsection (a); (6) regional and climate zone diversity; (7) urban, suburban, and rural localities; and (8) such other factors as the Secretary determines to be appropriate. (d) Applications (1) Administration To be eligible for an award of financial assistance under this section, an applicant shall submit to the Secretary an application in such manner and containing such information as the Secretary may require. (2) Awards Subject to the availability of appropriations, not later than 270 days after the date of enactment of this section, the Secretary shall make a first award of financial assistance under this section. (e) Maximum amount and term (1) In general The total amount of financial assistance awarded to an entity under this section shall not exceed $2,000,000. (2) Technical and training assistance The total amount of financial assistance awarded to an entity under this section shall be reduced by the cost of any technical and training assistance provided by the Secretary that relates to such financial assistance. (3) Term The term of an award of financial assistance under this section shall not exceed 3 years. (4) Relationship to formula grants An entity may use financial assistance awarded to such entity under this section in conjunction with other financial assistance provided to such entity under this part. (f) Requirements Not later than 90 days after the date of enactment of this section, the Secretary shall issue requirements to implement this section, including, for entities receiving financial assistance under this section— (1) standards for allowable expenditures; (2) a minimum saving-to-investment ratio; and (3) standards for— (A) training programs; (B) energy audits; (C) the provision of technical assistance; (D) monitoring activities carried out using such financial assistance; (E) verification of energy and cost savings