; and (D) the extent to which the project has a non-Federal financial commitment that exceeds the required non-Federal share of the cost of the project. (j) Highway construction A grant made to assist the construction of a highway under the program shall be subject to the requirements relating to such construction under title 23, United States Code. (k) Other terms and conditions The Secretary shall ensure that all grants made under the program are subject to terms, conditions, and requirements that the Secretary decides are necessary or appropriate for purposes of this section, including requirements for the disposition of net increases in the value of real property resulting from the project assisted under the program. (l) Administrative costs In carrying out the program, the Secretary shall seek to minimize administrative costs, including overhead, enforcement, and auditing costs related to the program. (m) Annual report Not later than 1 year after the date of enactment of this Act, and annually thereafter, the Secretary shall submit to the Committee on Transportation and Infrastructure of the House of Representatives and the Committee on Commerce, Science, and Transportation of the Senate a report on the activities of the Secretary under the program. (n) Regulations Not later than 180 days after the date of enactment of this Act, the Secretary shall issue regulations to carry out this section. (o) Definitions In this section, the following definitions apply: (1) Designated entity The term designated entity means— (A) A State or a group of States. (B) A metropolitan planning organization that serves an urbanized area (as defined by the Bureau of the Census) with a population of more than 200,000 individuals. (C) A unit of local government or a group of local governments. (D) A political subdivision of a State or local government. (E) A special purpose district or public authority with a transportation function, including a port authority. (F) A Tribal government or a consortium of Tribal governments. (G) A