; and (2) in the event that a transfer of an entire project occurs, the entity to which the property is conveyed shall not be eligible to receive any benefits, including project power, with respect to the conveyed property, except benefits that would be available to a similarly situated entity with respect to property that is not part of a Federal reclamation project. 8. Compliance with other laws After a conveyance under this Act, the entity to which the property is conveyed shall comply with all applicable Federal, State, and local laws and regulations in its operation of the conveyed property. 9. Notification The Secretary shall submit, as part of the Secretary’s annual budget submission to Congress— (1) a description of the actions taken to implement this Act; and (2) a list of conveyances made or initiated by the Secretary or a qualifying entity under this Act.