; and (B) more than 50 percent of the net profit or loss of which accrues to not less than 1 woman. (b) Establishment There is established in the Department of the Treasury the Small Business Local Relief Program, the purpose of which is to allocate resources to States, units of general local government, and Indian Tribes to provide assistance to eligible entities and organizations that assist eligible entities. (c) Funding (1) Funding to States, localities, and Indian Tribes (A) In general Of the amounts made available to carry out the Program under subsection (h), the Secretary shall allocate— (i) $35,000,000,000 to States and units of general local government in accordance with subparagraph (B)(i); (ii) $15,000,000,000 to States in accordance with subparagraph (B)(ii); and (iii) $500,000,000 to the Secretary of Housing and Urban Development for allocations to Indian Tribes in accordance with subparagraph (B)(iii). (B) Allocations (i) Formula for States and units of general local government Of the amount allocated under subparagraph (A)(i)— (I) 70 percent shall be allocated to entitlement communities in accordance with the formula under section 106(b) of the Housing and Community Development Act of 1974 ( 42 U.S.C. 5306(b) )