; and (B) any amount so retained shall be deposited into an account to be determined by such head and shall be made available without subsequent appropriation until expended for the purpose of granting or maintaining the respective security clearance for which such amount was received. (3) Prohibition on bearing costs No head of an element of the intelligence community may bear any cost associated with granting or maintaining a security clearance the application for which is submitted pursuant to subsection (a)(1). (e) Applicability The requirement under subsection (a) shall apply with respect to contracts and other agreements entered into on or after the date of the enactment of this Act. (f) Rule of construction Nothing in this section may be construed as requiring the head of an element of the intelligence community to grant any covered person access to classified information if a favorable determination of eligibility to access such classified information is not made with respect to such person. (g) Definitions In this section: (1) Covered contract or agreement The term covered contract or agreement , with respect to an entity, means a contract or other agreement between that entity and an element of the intelligence community the performance of which requires a specified number of covered persons to hold a security clearance. (2) Covered person In this section, the term covered person , with respect to an entity, means a contractor or employee of that entity. 905. Intelligence Innovation Board (a) Establishment of Intelligence Innovation Board There is established a board to be known as the Intelligence Innovation Board (in this section referred to as the Board ). (b) Purpose The purpose of the Board is to provide to the Director of National Intelligence, the heads of the other elements of the intelligence community, and the congressional intelligence committees advice and recommendations on changes to the culture, organizational structures, processes, and functions of the intelligence community necessary to