Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE. This Act may be cited as the `Personnel Reimbursement for Intelligence Cooperation and Enhancement of Homeland Security Act of 2008' or the `PRICE of Homeland Security Act'.
SEC. 2. CLARIFICATION ON USE OF FUNDS. Section 2008 of the Homeland Security Act of 2002 (6 U.S.C. 609) is amended-- (1) in subsection (a)-- (A) in the matter preceding paragraph (1), by striking `Grants' and all that follows through `used' and inserting the following: `The Administrator shall permit the recipient of a grant under section 2003 or 2004 to use grant funds'; and (B) in paragraph (10), by inserting `, regardless of whether such analysts are current or new full-time employees or contract employees' after `analysts'; and (2) in subsection (b)-- (A) by redesignating paragraphs (3) and (4) as paragraphs (4) and (5), respectively; and (B) by inserting after paragraph (2) the following:
`(3) LIMITATIONS ON DISCRETION-
`(A) IN GENERAL- With respect to the use of amounts awarded to a grant recipient under section 2003 or 2004 for personnel costs in accordance with paragraph (2) of this subsection, the Administrator may not-- `(i) impose a limit on the amount of the award that may be used to pay for personnel, or personnel-related, costs that is higher or lower than the percent limit imposed in paragraph (2)(A); or `(ii) impose any additional limitation on the portion of the funds of a recipient that may be used for a specific type, purpose, or category of personnel, or personnel-related, costs. `(B) ANALYSTS- If amounts awarded to a grant recipient under section 2003 or 2004 are used for paying salary or benefits of a qualified intelligence analyst under subsection (a)(10), the Administrator shall make such amounts available without time limitations placed on the period of time that the analyst can serve under the grant.'.