; (B) the cost of insurance; and (C) Federal disaster payments. (2) Agreements Any agreement entered into under this section shall require the participating entity to— (A) comply with the requirements of this section; and (B) use accounting, audit, and fiscal procedures conforming to generally accepted accounting standards. (b) Application (1) In general To be eligible to receive a capitalization grant under this section, an eligible entity shall submit to the Administrator an application that includes the following: (A) Project proposals comprised of local government hazard mitigation projects, on the condition that the entity provides public notice not less than 6 weeks prior to the submission of an application. (B) An assessment of recurring major disaster vulnerabilities impacting the entity that demonstrates a risk to life and property. (C) A description of how the hazard mitigation plan of the entity has or has not taken the vulnerabilities described in subparagraph (B) into account. (D) A description about how the projects described in subparagraph (A) could conform with the hazard mitigation plan of the entity and of the unit of local government. (E) A proposal of the systematic and regional approach to achieve resilience in a vulnerable area, including impacts to river basins, river corridors, watersheds, estuaries, bays, coastal regions, micro-basins, micro-watersheds, ecosystems, and areas at risk of earthquakes, tsunamis, droughts, and wildfires. (2) Technical assistance The Administrator shall provide technical assistance to eligible entities for applications under this section. (c) Entity loan fund (1) Establishment of fund An entity that receives a capitalization grant under this section shall establish an entity loan fund that complies with the requirements of this subsection. (2) Fund management Except as provided in paragraph (3), entity loan funds shall— (A) be administered by the agency responsible for emergency management