; (4) in subsection (e)(1)— (A) in subparagraph (C)(i) by striking 2 years and inserting 3 years ; and (B) by adding at the end the following: (D) Optional project development activities An applicant may perform cost and schedule risk assessments with technical assistance provided by the Secretary. (E) Statutory construction Nothing in this section shall be construed as authorizing the Secretary to require cost and schedule risk assessments in the project development phase. ; (5) in subsection (e)(2)(A)(iii)(II) by striking 5 years and inserting 10 years ; (6) in subsection (f)— (A) in paragraph (1) by striking subsection (d)(2)(A)(v) and inserting subsection (d)(2)(A)(iv) ; (B) in paragraph (2)— (i) by striking subsection (d)(2)(A)(v) and inserting subsection (d)(2)(A)(iv) ; (ii) in subparagraph (D) by adding and at the end; (iii) by striking subparagraph (E); and (iv) by redesignating subparagraph (F) as subparagraph (E); and (C) by adding at the end the following: (3) Cost-share incentives For a project for which a lower cost share is elected by the applicant under subsection (l)(1)(C), the Secretary shall apply the following requirements and considerations in lieu of paragraphs (1) and (2): (A) Requirements In determining whether a project is supported by local financial commitment and shows evidence of stable and dependable financing sources for purposes of subsection (d)(2)(A)(iv) or (e)(2)(A)(v), the Secretary shall require that— (i) the proposed project plan provides for the availability of contingency amounts that the applicant determines to be reasonable to cover unanticipated cost increases or funding shortfalls; (ii) each proposed local source of capital and operating financing is stable, reliable, and available within the proposed project timetable