; (ii) require that construction costs or other capitalized costs incurred after the effective date of the contract or not reflected in the rate schedule referred to in clause (i), and properly assignable to the contractor, shall be repaid— (I) by not later than 5 years after the date of notification of the allocation, if the amount is a result of a collective annual allocation of capital costs to the exercising contract conversion under this subsection of less than $5,000,000; or (II) in accordance with applicable reclamation laws, if the amount is $5,000,000 or more; and (iii) continue in effect for the period during which the contractor pays applicable charges, in accordance with section 9(c)(1) of the Act of August 4, 1939 (53 Stat. 1194, chapter 418), and other applicable law. (4) Conditions A contract entered into pursuant to paragraph (1), (2), or (3)— (A) shall not be adjusted on the basis of the type of prepayment financing used by the applicable water users' association; (B) shall conform to any other agreements, such as applicable settlement agreements and newly constructed appurtenant facilities agreements