To provide that one-half of the Department of Justice Assets Forfeiture Fund be available to be used for community-based crime control programs for drug education, prevention, and demand reduction, and for other purposes.

Amends the Federal judicial code to require that not less than half of the Department of Justice Assets Forfeiture Fund be used for community-based crime control programs for drug education, prevention, and demand reduction, giving priority to the communities in which the assets involved are seized.

Limits administrative and contracting expenses to ten percent of the total amounts paid from the Fund in a given fiscal year. Directs the Attorney General to report to the Congress for such fiscal year with respect to such expenses.

Amends the Controlled Substances Act to require the Attorney General to offer civilly or criminally forfeited property of low value located in a metropolitan statistical area for sale, for nominal consideration, to tax exempt organizations that provide direct services furthering community-based crime control, housing, or educational efforts in such area.