; and (B) in any audit conducted of the State by the Secretary under a covered program, confirm that there is compliance with respect to the requirement under paragraph (1). (b) Failure To reinvest If a State to which an allocation is made under a covered program receives funds from an exit with respect to a covered investment and fails to comply with any requirement under this Act, that State shall repay to the Secretary the amount of that allocation, including any realized gains. 6. Expedited contracting For the purposes of carrying out this Act, during the 1-year period beginning on the date of enactment of this Act, the Secretary may enter into contracts without regard to any other provision of law regarding public contracts. 7. Reporting (a) Quarterly reports from States to the Secretary (1) In general Not later than 30 days after the first day of each calendar quarter that begins after the date on which the Secretary issues final rules in the rule making initiated under section 3(e), each participating State that has received an allocation under the Program and each State to which funding is awarded under section 4(b) shall submit to the Secretary a report regarding the use, during the quarter preceding the quarter in which the State submits the report, of funds received under the applicable covered program. (2) Contents In each report that a State is required to submit under paragraph (1), the State shall, with respect to the quarter covered by the report— (A) indicate the total amount of funds during the quarter that the State received under the covered programs and expended; and (B) contain a certification by the State that— (i) all of the information contained in the report is accurate; (ii) funds allocated to the State under the covered programs continue to be available and legally committed to an approved State program of the State, except for funds already expended by the State in carrying out the approved State program