; (ii) the wait-out period set forth in section 313(d); (iii) the allotment requirements under section 324; and (iv) the use of the funding formula developed pursuant to section 326(f)(3); (B) waive or modify any statutory or regulatory provision to ensure that affected institutions that were receiving assistance under this title at the time of a covered hurricane disaster are not adversely affected by any formula calculation for fiscal year 2020 or for any of the four succeeding fiscal years, as necessary; and (C) make available to each affected institution an amount that is not less than the amount made available to such institution under this title for fiscal year 2017, except that for any fiscal year for which the funds appropriated for payments under this title are less than the appropriated level for fiscal year 2017, the amount made available to such institutions shall be ratably reduced among the institutions receiving funds under this title. (2) Definitions In this subsection: (A) Affected institution The term affected institution means an institution of higher education that— (i) is— (I) a part A institution (which term shall have the meaning given the term eligible institution under section 312(b)); or (II) a part B institution, as such term is defined in section 322(2), or as identified in section 326(e); (ii) is located in a covered area affected by a hurricane disaster; and (iii) is able to demonstrate that, as a result of the impact of a covered hurricane disaster, the institution— (I) incurred physical damage; (II) has pursued collateral source compensation from insurance, the Federal Emergency Management Agency, and the Small Business Administration, as appropriate