; and (B) submit to Congress a biennial report that includes such evaluations, an account of all expenditures, and descriptions of all projects carried out using grants awarded under this section. (2) The Secretary may submit the biennial report under paragraph (1)(B) by including it in the biennial report required under section 316. (m) Definitions In this section: (1) The term qualified holder means a coastal state or a unit of local or coastal state government or a non-State organization designated by a coastal state under subsection (h). (2) The term Secretary means the Secretary, acting through the National Oceanic and Atmospheric Administration. (3) The term working waterfront means real property (including support structures over water and other facilities) that provides access to coastal waters to persons engaged in commercial fishing, recreational fishing businesses, boatbuilding, aquaculture, or other water-dependent, coastal-related business and is used for, or that supports, commercial fishing, recreational fishing businesses, boat­build­ing, aquaculture, or other water-dependent, coastal-related business. (4) The term working waterfront covenant means an agreement in recordable form between the owner of working waterfront and one or more qualified holders, that provides such assurances as the Secretary may require that— (A) the title to or interest in the working waterfront will be held by a grant recipient or qualified holder in perpetuity, except as provided in subparagraph (C); (B) the working waterfront will be managed in a manner that is consistent with the purposes for which the property is acquired pursuant to this section, and the property will not be converted to any use that is inconsistent with the purpose of this section; (C) if the title to or interest in the working waterfront is sold or otherwise exchanged— (i) all working waterfront owners and qualified holders involved in such sale or exchange shall accede to such agreement