; and (5) penalties that will be assessed on local governments awarded a grant under this title for failure to comply with the reporting and recordkeeping requirements under section 110, which shall provide penalties up to and including rescission of grant amounts for repetitive violations. 114. Authorization of appropriations (a) In general There are authorized to be appropriated such sums as may be necessary to carry out this title for each of fiscal years 2018 through 2027. (b) Limitation on innovation and recreation program grants Not more than 10 percent of any amounts appropriated pursuant to subsection (a) of this section in any fiscal year may be used for grants under section 103(a)(2). (c) Limitation on recovery action program grants Not more than 3 percent of any amounts appropriated pursuant to subsection (a) of this section in any fiscal year may be used for grants under section 103(a)(3). (d) Grants for insular areas Notwithstanding any other provision of this title, the Secretary may use not more than 2 percent of any amounts appropriated pursuant to subsection (a) in any fiscal year may to provide rehabilitation and construction grants under section 103(a)(1), innovation and recreation program grants under section 103(a)(2), and recovery action program grants under section 103(a)(3) to be used in the insular areas. Any such grants shall not be subject to sections 103(c) and 107(a) (relating to matching amounts), and may only be subject to such conditions, reports, plans, and agreements, if any, as determined by the Secretary. II Secured loans and loan guarantees for parks and recreation infrastructure development 201. Purposes The purposes of this title are— (1) to promote increased development of parks and recreation infrastructure by establishing additional opportunities for financing parks and recreation projects; (2) to attract new investment capital to infrastructure projects that are capable of generating revenue streams through user fees or other dedicated funding sources