; and (5) the term public assistance grant program means the public assistance grant program authorized under sections 403, 406, 407, 418, 419, 428, and 502(a). (b) Eligibility (1) In general (A) Advance contact required Except as provided in subparagraph (B), a covered State or covered unit of local government shall not be eligible for assistance for debris removal under the public assistance grant program, including direct Federal assistance for debris removal provided by the Corps of Engineers, unless the covered State or covered unit of local government has in effect, prior to the major disaster or emergency declaration under this Act for which the covered State or covered unit of local government is seeking debris removal assistance, an advance contract for debris removal services that collectively provides adequate coverage, as determined by the Administrator, for debris removal for the entire State. (B) Grace period Subparagraph (A) shall not apply during the 1-year period beginning on the date on which a State or unit of local government becomes a covered State or covered unit of local government. (2) Reporting For purposes of determining eligibility under paragraph (1), each covered State shall submit, on an annual basis, a report to the Administrator on all advanced contracts in effect for the covered State or covered units of local government within the State, including, for each advanced contract— (A) the name of the contractor; (B) the contract terms and conditions; (C) the reimbursement rates; (D) verification and oversight agreements; (E) geographic coverage of the contract; (F) capacity of contractor; and (G) debris removal assets owned by the contractor. (c) Reimbursement of debris removal contracts With respect to reimbursing advance contracts for debris removal services described in subsection (b), the Administrator shall reimburse for such services at the lower of— (1) the rate of the Federal contract, if any; (2) the rate of the State advance contract, if any