This just released on the EAC website:
Public Law 110-161 authorizes the EAC to award $10,000,000 in grants to States to implement a data collection program for the Federal elections scheduled to be held in November 2008. Of that sum, $2 million will be provided to each of five eligible applicants. EAC will solicit proposals from States to improve the collection of data at the precinct-level for the November 2008 Federal elections. State grantees will use the grant funds in part to implement new data collection procedures, systems, and/or methodologies for the November 2008 election.
They are soliciting comments on the proposed program. The full document can be found here. (See the Word document link at the bottom of the page).