; and (B) shall be provided to covered entities that are negatively impacted by an interruption cause by a covered project. (3) Contributions to the Fund (A) In general The Secretary shall require that the project sponsor of a covered project contribute an amount into a BUMP Fund that meets the following requirements: (i) The amount required to be set aside shall not impact the total non-Federal match requirement of the project. (ii) Such amount shall reflect the funds necessary to fully carry out the requirement described in paragraph (2)(B). (iii) Such amount may not constitute an amount of the non-Federal cost share that would impede the project sponsor from carrying out the project. (iv) The amount allocated to the BUMP fund shall be determined by the local sponsor, so long as— (I) the amount does not exceed 25 percent of the total non-Federal share; and (II) the amount reflects the estimated damages caused by the interruption. (B) Waiver The Secretary may waive or alter the percentage of the contribution amount required under subparagraph (A)— (i) if the Secretary determines that the project sponsor has an equivalent program established that is applicable to the project; (ii) the Secretary determines that there is no interruption that could occur with respect to a project; (iii) the amount of Federal funding for the total cost of the project is less than 10 percent of such cost; or (iv) for any other reason the Secretary determines appropriate. (4) Eligibility for receipt of funds An applicant for funds for a covered project, as part of the portion of the application that relates to the financial commitment of the applicant, shall provide information to the Secretary on the implementation of BUMP Fund including the following: (A) Which covered entities are eligible to receive funding under the BUMP Fund. (B) The terms for eligibility for amounts in a BUMP Fund. (C) The process by which the local sponsor or project partner shall— (i) determine the impact on covered entities