; (2) that establish the design of and rules for the nationwide reverse auction; (3) that establish notice requirements for all reverse auctions authorized under this section that, at a minimum, provide the public with notice of— (A) the initial determination of which areas are unserved areas or underserved areas; (B) the final determination of which areas are unserved areas or underserved areas after the process for challenging the initial determination has concluded; (C) which entities have applied to bid for funding; and (D) the results of any reverse auctions, including identifying the funding recipients, which areas each project will serve, the nature of the service that will be provided by the project in each of those areas, and how much funding the funding recipients will receive in each of those areas; (4) that establish broadband buildout milestones and periodic certification by funding recipients to ensure compliance with the broadband buildout milestones for all reverse auctions authorized under this section; (5) that establish a maximum buildout timeframe of four years beginning on the date on which funding is provided under this section for any project by a funding recipient for a project under this section; (6) that establish periodic reporting requirements for funding recipients of projects and that identify, at a minimum, the nature of the service provided in each area for any reverse auction authorized under this section; (7) that establish standard penalties for the noncompliance of funding recipients or projects with the requirements as set forth under this section and as may be further prescribed by the Commission for any reverse auction authorized under this section; (8) that establish procedures for recovery of funds, in whole or in part, from funding recipients in the event of the default or noncompliance of the funding recipient or project with the requirements established under this section for any reverse auction authorized under this section