; (ii) provides an explanation as to why the research proposal was not selected, including if the research proposal does not cover an area of need; and (iii) if applicable, recommend that the research proposal be submitted to another research program; and (B) if the research proposal is selected for funding under this section, notifies the eligible entity that the research proposal has been selected for funding; and (4) fund the proposals described in paragraph (3)(B). (d) Report Not later than 18 months after the date of enactment of this section, and annually thereafter, the Secretary shall make available to the public on a public website, a report on the progress and findings of the program established under subsection (a). (e) Federal share (1) In general The Federal share of the cost of an activity carried out under this section may not exceed 50 percent. (2) Non-Federal share All costs directly incurred by the non-Federal partners, including personnel, travel, facility, and hardware development costs, shall be credited toward the non-Federal share of the cost of an activity carried out under this section. (f) Funding (1) In general Of the funds made available to carry out the university transportation centers program under section 5505, $2,000,000 shall be available for each of fiscal years 2022 through 2025 to carry out this section. (2) Funding flexibility (A) In general For fiscal years 2022 through 2025, funds made available under paragraph (1) shall remain available until expended. (B) Uncommitted funds If the Secretary determines, at the end of a fiscal year, funds under paragraph (1) remain unexpended as a result of a lack of meritorious projects under this section, the Secretary may, for the following fiscal year, make remaining funds available under either this section or under section 5505. (g) Eligible entity defined In this section, the term eligible entity means (1) a State; (2) a unit of local government; (3) a transit agency