than $50,000 shall be available to support an annual conference described under subsection (k)(5). . 3. Effect on existing grants (a) Terms and conditions A nonprofit organization receiving a grant under section 29(m) of the Small Business Act ( 15 U.S.C. 656(m) ), as in effect on the day before the date of the enactment of this Act, shall continue to receive the grant under the terms and conditions in effect for the grant on the day before the date of the enactment of this Act, except that the nonprofit organization may not apply for a continuation of the grant under section 29(m)(5) of the Small Business Act ( 15 U.S.C. 656(m)(5) ), as in effect on the day before the date of the enactment of this Act. (b) Length of continuation grant The Administrator of the Small Business Administration may award a grant under section 29 of the Small Business Act, as amended by this Act, to a nonprofit organization receiving a grant under section 29(m) of the Small Business Act ( 15 U.S.C. 656(m) ), as in effect on the day before the date of the enactment of this Act, for the period— (1) beginning on the day after the last day of the grant agreement under such section 29(m)