; and (dd) agrees to make available the financial resources necessary to carry out the responsibilities being assumed by the State; (III) require the State to provide to the Secretary any information that the Secretary reasonably considers necessary to ensure that the State is adequately carrying out the responsibilities being assumed by the State; and (IV) be renewable. (B) Additional responsibility If a State assumes responsibility under subparagraph (A), the Secretary may assign to the State, and the State may assume, all or part of the responsibilities of the Secretary for environmental review, consultation, or other action required under any Federal environmental law pertaining to the review or approval of a covered activity. (C) Procedural and substantive requirements A State shall assume responsibility under this subsection subject to the same procedural and substantive requirements as would apply if that responsibility were carried out by the Secretary. (D) Federal responsibility Any responsibility of the Secretary not explicitly assumed by a State by written agreement under this subsection shall remain the responsibility of the Secretary. (E) No effect on authority Nothing in this subsection preempts or interferes with any power, jurisdiction, responsibility, or authority of an agency, other than the Department of Commerce, under applicable law (including regulations) with respect to a project. (2) State participation The Secretary may develop an application for a State to assume responsibility under paragraph (1), at such a time and containing such information as the Secretary determines appropriate. (3) Selection criteria The Secretary may approve the application of a State to assume responsibility under this subsection only if— (A) the Secretary determines that the State has the capability, including financial and with respect to personnel, to assume the responsibility