; 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.