; or (III) $500,000 in the case of an arrangement for all surface-disturbing activities of each entity in a State. (iii) Adjustment for inflation (I) In general In the application of clause (ii), the Secretaries concerned shall jointly at least once every three years, at the beginning of the fiscal year, adjust the dollar amounts in clause (ii) to account for inflation based on the Consumer Price Index for all urban consumer published by the Department of Labor. (II) Rounding If any amount as adjusted under subclause (I) is not a multiple of $1,000, such amount shall be rounded to the next higher multiple of $1000. (B) Prohibition The Secretary concerned shall not issue or approve the assignment of any lease under the terms of this section to any person, association, corporation, or any subsidiary, affiliate, or person controlled by or under common control with such person, association, or corporation, during any period in which, as determined by the relevant Secretary, such entity has failed or refused to comply in any material respect with the reclamation requirements and other standards established under this section for any prior lease to which such requirements and standards applied. (C) Notice and opportunity for compliance Prior to making a determination not to issue or approve the assignment of a lease under subparagraph (B) with respect to an entity the Secretary concerned shall provide such entity with adequate notification and an opportunity to comply with such reclamation requirements and other standards and shall consider whether any administrative or judicial appeal is pending. Once the entity has complied with the reclamation requirement or other standard concerned each oil or gas lease may be issued to such entity under this Act. (D) Review upon transfer The Secretary concerned shall review the adequacy of a bond, surety, or other financial instrument anytime a lease or well under this Act is transferred. The Secretary shall find such bond, surety, or other financial instrument adequate if such