; and (iii) after the 1-year period described in clause (ii), will either continue to not require the purchase of the records described in such subclause or charge a nominal fee with respect to such records, as determined by the Secretary; and (D) an estimate of the costs necessary to carry out the record-management plan and a plan for how such institution will provide funding for such costs. . (b) Program participation agreement (1) Amendment Section 487(f)(1) of the Higher Education Act of 1965 ( 20 U.S.C. 1094(f)(1) ) is amended by striking the period at the end and inserting and to prepare and submit to the Secretary a record-management plan that includes the information required under subparagraphs (A) through (D) of section 496(c)(10). (2) Effective date The amendment made by paragraph (1) shall take effect on the date that is 6 months after the date of the enactment of this Act.