; or (iii) 99 percent of the annualized rate of operations provided for in the most recently enacted law making continuing appropriations for part of that fiscal year or any funding levels established under the provisions of this section, for the period of 90 days. After the first 90-day period during which this subsection is in effect for that fiscal year, the applicable rate of operations shall be reduced by 1 percentage point. For each subsequent 90-day period during which this subsection is in effect for that fiscal year, the applicable rate of operations shall be reduced by 1 percentage point. The 90-day period reductions shall extend beyond the last day of that fiscal year. (B) If this section is in effect at the end of a fiscal year, funding levels shall continue as provided in this section for the next fiscal year. (3) Appropriations and funds made available, and authority granted, for any fiscal year pursuant to this section for a program, project, or activity shall be available for the period beginning with the first day of a lapse in appropriations and ending with the date on which the applicable regular appropriation bill for such fiscal year becomes law (whether or not such law provides for such program, project, or activity) or a continuing resolution making appropriations becomes law, as the case may be. (b) An appropriation or funds made available, or authority granted, for a program, project, or activity for any fiscal year pursuant to this section shall be subject to the terms and conditions imposed with respect to the appropriation made or funds made available for the preceding fiscal year, or authority granted for such program, project, or activity under current law. (c) Notwithstanding any other provision of this section, for those programs, projects, or activities that would otherwise have high initial rates of operation or complete distribution of appropriations at the beginning of a fiscal year for which funding is made available under this section because of distributions of funding to