; and (B) demonstrates financial need. (f) Deobligate funds In addition to other authority under applicable law, the Under Secretary may deobligate awards under this section if an eligible entity demonstrates— (1) an insufficient level of performance; or (2) wasteful or fraudulent spending (as defined by the Under Secretary). (g) Reports by award recipients At such time as may be determined by the Under Secretary, an eligible entity that receives a grant, loan, or loan guarantee under this section shall submit to the Under Secretary a report that includes a description of the use of funds made available pursuant to this section. (h) Reports to Congress Not later than 180 days after the date on which funds are first made available to carry out this section under subsection (k), and once each 180 days thereafter until the expiration of the program under subsection (b), the Under Secretary shall submit to the Committees on Appropriations of the House of Representatives and the Senate, the Committees on Agriculture and Energy and Commerce of the House of Representatives, and the Committees on Agriculture, Nutrition, and Forestry and Commerce, Science, and Transportation of the Senate, a report that includes— (1) the number of grants, loans, and loan guarantees applied for and provided under this section; (2) the communities proposed to be served in each grant, loan, or loan guarantee application submitted in 180 days before the date such report is submitted; (3) the period of time required to approve each grant, loan, or loan guarantee application under this section; (4) any outreach activities carried out by the Under Secretary to encourage entities in rural and underserved areas to submit applications under this section