; and (B) for FEMA to provide technical assistance to recipients of loans under this section. (6) Partnerships Eligible recipients may partner with nongovernmental organizations to ensure projects reduce disaster risks for homeowners, businesses, nonprofit organizations, and communities. (c) Environmental review of revolving loan fund projects Notwithstanding any other Federal law, Federal environmental review of the mitigation loan fund projects shall be delegated to the participating entities but only for the purposes of carrying out the mitigation revolving loan fund program as authorized under this section. Such participating entities shall establish a Federal equivalency environmental review involving consideration of alternatives, analysis of potential effects, opportunity for public notice and comments, and compliance with Federal environmental laws and Executive orders. (d) Use of funds (1) In general Amounts deposited in a mitigation loan fund, including repayments of loans made from the fund and interest earned on the amounts in the fund, shall be used— (A) consistent with paragraphs (2) and (3) and subsection (h), to provide financial assistance for any eligible recipient; (B) as a source of revenue and security for leveraged loans, the proceeds of which shall be deposited in the mitigation loan fund; or (C) for the sale of bonds as security for payment of the principal and interest on revenue or general obligation bonds issued by the participating entity to provide matching funds under subsection (g), if the proceeds from the sale of the bonds are deposited in the mitigation loan fund. (2) Purposes An eligible recipient of financial assistance provided through amounts from a mitigation loan fund— (A) shall use the amounts in a cost-effective manner under requirements established by the participating entity, which may require an applicant for financial assistance to submit a cost-benefit analysis before the date on which the applicant receives the assistance