Faster and Smarter Funding for First Responders Act of 2005

[AI summary unavailable — showing source text] Faster and Smarter Funding for First Responders Act of 2005 - Amends the Homeland Security Act of 2002 to set forth provisions governing Department of Homeland Security (DHS) grant funding for first responders pursuant to the State Homeland Security Grant Program, the Urban Area Security Initiative, the Law Enforcement Terrorism Prevention Program, and the Citizen Corps Program. Requires the Secretary of Homeland Security to establish clearly defined essential capabilities for State and local government preparedness for terrorism. Sets forth factors to address in establishing such capabilities. Lists critical infrastructure sectors and types of threats that the Secretary shall specifically consider. Directs the Secretary to establish a Task Force on Essential Capabilities for First Responders. Makes eligible for a covered grant any State, region, or directly eligible tribe. Sets forth grant application procedures and requirements. Requires the Secretary to establish a First Responder Grants Board. Lists authorized uses of covered grants. Sets the Federal share of the costs of activities carried out under covered grants at 100 percent of the total for the two-year period following e…