process, facilitated by an expert consultant from the private sector, to award funding to approved State programs to provide follow-on investments. (c) Amount A follow-on investment under subsection (b) shall be in an amount that is not less than $5,000,000 and not more than $50,000,000. (d) Fees With respect to the expert consultant described in subsection (b)— (1) the Secretary may pay management fees to the consultant in an amount that is not more than 0.5 percent of the co-investment funds managed by the consultant over the term of the program under this section