(1) In general.— The Appalachian Regional Commission, in accordance with criteria the Commission may establish, each year shall
(A) designate as distressed counties those counties in the Appalachian region that are the most severely and persistently distressed; and
(B) designate two categories of economically strong counties, consisting of
(i) competitive counties, which shall be those counties in the region that are approaching economic parity with the rest of the United States; and
(ii) attainment counties, which shall be those counties in the region that have attained or exceeded economic parity with the rest of the United States.
(2) Annual review of designations.— The Commission shall
(A) conduct an annual review of each designation of a county under paragraph (1) to determine if the county still meets the criteria for the designation; and
(B) renew the designation for another one-year period only if the county still meets the criteria.