; and (B) the provision by the entity of broadband service on tribal lands using such assistance, including— (i) the number and location of residences and businesses that receive improved broadband service as a result of such assistance; and (ii) the average price and speed of broadband service for such residences and businesses before and after the use by the entity of such assistance. (c) Priority In providing financial assistance under this section, the Secretary shall give priority to applications from entities proposing to— (1) provide broadband service in underserved tribal areas; (2) provide broadband service to the greatest number of households in underserved tribal areas; and (3) improve the ability of tribal governments or their designees to provide telecommunications service on tribal lands. (d) Limitation The Under Secretary may not provide financial assistance under this section for a fiscal year to an entity that provides telecommunications service to 20 percent or more of the households in the United States if the cost to the Federal Government of such financial assistance exceeds 15 percent of the assistance made available under this section for the fiscal year. (e) Report Not later than 3 years after the date on which funds are first made available to carry out this section under subsection (f), the Under Secretary shall submit to Congress and to the Rural Broadband Advisory Panel a report that describes the extent of participation under this section for the preceding fiscal year, including a description of— (1) the communities served by activities supported by funds under this section; (2) the number of grants, loans, and loan guarantees applied for and provided under this section; (3) the period of time required to approve each application under this section