that a coastal State has not complied with its agreement with the Administrator under subsection (a)(3) or any other requirement of this section, the Administrator shall notify the coastal State of such noncompliance and the necessary corrective action. (2) Withholding payments If a coastal State does not take corrective action within 60 days after the date the coastal State receives notification of such action under paragraph (1), the Administrator shall withhold additional payments to the coastal State until the Administrator is satisfied that the coastal State has taken the necessary corrective action. (3) Reallotment of payments If the Administrator is not satisfied that adequate corrective actions have been taken by the coastal State not later than 12 months after the coastal State is notified of such actions under paragraph (1), the payments withheld from the coastal State by the Administrator under paragraph (2) shall be made available for reallotment in accordance with the most recent formula for allotment of funds under this section. (d) Fiscal control and auditing procedures Each coastal State electing to establish a community resilience revolving fund under this section shall establish fiscal controls and accounting procedures sufficient to assure proper accounting during appropriate accounting periods for— (1) payments received by the fund