; (B) agree to obligate or expend amounts received under the alternative funding program exclusively for projects that would be eligible for funding under the covered programs if the State was not participating in the alternative funding program; (C) submit to the Secretary an annual report on the use of amounts received under the alternative funding program; and (D) make the annual report available to the public in an easily accessible format. (2) No Federal limitation on use of funds Except as provided in paragraph (1), the expenditure or obligation of funds received by a State under the alternative funding program shall not be subject to the requirements of— (A) this chapter (except for this section); (B) any covered program not under this chapter; (C) title 23; or (D) any other Federal law (including regulations). (3) Election irrevocable An election under subsection (c) shall be irrevocable during the applicable fiscal year. (e) Effect on preexisting commitments An election by a State under subsection (c) shall not affect any responsibility or commitment of the State with respect to a project or program funded under a covered program in a fiscal year for which an election under subsection (c) is not in effect. (f) Transfers (1) In general The amount to be transferred to a State under the alternative funding program for a fiscal year shall be the portion of the taxes transferred to the Mass Transit Account of the Highway Trust Fund under section 9503(e) of the Internal Revenue Code of 1986 for that fiscal year that is attributable to highway users in that State during that fiscal year. (2) Transfers under program (A) In general Transfers under the alternative funding program— (i) shall be made at the same time as transfers to the Mass Transit Account of the Highway Trust Fund are made by the Secretary of the Treasury; and (ii) shall— (I) be made on the basis of estimates by the Secretary, in consultation with the Secretary of the Treasury, based on the most recent data available