; and (B) for student financial aid for paying costs associated with public and private, nonprofit postsecondary education in such State or Indian tribe an amount that is equal to or greater than the amount provided for student financial aid for paying costs associated with public and private, nonprofit postsecondary education by such State or Indian tribe in the preceding fiscal year for which satisfactory data are available. (2) Adjustments for biennial appropriations The Secretary shall take into consideration any adjustments to the calculations under paragraph (1) that may be required to accurately reflect funding levels in States or Indian tribes with biennial appropriation cycles. (3) Waiver The Secretary shall waive the requirements of paragraph (1) if the Secretary determines that such a waiver would be equitable due to exceptional or uncontrollable circumstances, such as a natural disaster or a precipitous and unforeseen decline in the financial resources of a State or Indian tribe, as appropriate. (4) Violation of maintenance of effort Notwithstanding any other provision of law, the Secretary shall withhold from any State or Indian tribe that violates paragraph (1) and does not receive a waiver pursuant to paragraph (3) any amount that would otherwise be available to the State or Indian tribe under this Act until such State or Indian tribe has made significant efforts to correct such violation. (e) Annual report (1) In general A State or Indian Tribe receiving a grant under this subtitle shall submit an annual report to the Secretary describing the uses of grant funds under this subtitle, the progress made in fulfilling the requirements of the grant, and rates of graduation, transfer and attainment of recognized postsecondary credentials at participating community colleges, and including any other information as the Secretary may require. (2) Inclusion in HEA annual report At the discretion of the Secretary, the information required in the report under paragraph (1) may be included in an annual report