; and (3) an amount equal to the FICA, Medicare, and personal income taxes paid by Program employees on their Program earnings, as estimated by the Secretary of the Treasury. 103. Loans from the Federal Reserve System (a) In general If the amount available in the Trust Fund for allocation under title III of this Act is insufficient to prevent the national unemployment rate from rising more than one full percentage point above its previously attained level, the Board of Governors of the Federal Reserve System shall lend such additional amounts to the Trust Fund as are necessary to allow the Secretary of Labor to make such additional allocations under title III of this Act as are necessary to restore the national unemployment rate to its allowable 1 percent range of upward variation. (b) Repayment Amounts lent to the Trust Fund by the Board of Governors of the Federal Reserve System under subsection (a) shall be repaid by the Trust Fund over 10 years, with interest payable at the same average rate the Federal Government contracts to pay on 10-year bonds sold during the period beginning 45 days prior to the date the loans were made to the Trust Fund and ending 45 days following such date. (c) Cancellation of debt The Board of Governors of the Federal Reserve System, in consultation with the Federal Open Market Committee, shall have a continuing obligation to review any debt owed by the Trust Fund to the Federal Reserve System, and if it determines that the debt or any portion thereof can be cancelled without significant adverse effect on the economy, it shall do so. 104. Trust Fund corpus reserved The corpus of the Trust Fund may be used for no other purpose than to fund— (1) Employment Opportunity Grants issued under title III of this Act, including for job creation and training projects directly administered by the Secretary pursuant to section 311; (2) administrative activities and programs under the WIOA that the Secretary determines are necessary or useful to achieve the purposes of this Act