; (C) provides a status of environmental review; and (D) summarizes the geographic area affected by such project; (2) meets the prerequisites for assistance and conditions for assistance described in subsections (g) and (h) of section 502 of the Railroad Revitalization and Regulatory Reform Act of 1976 ( 45 U.S.C. 822(g) and (h)). (c) Eligible uses Loans, loan guarantees, and bonds provided under this section may be used only for eligible project costs (as defined in section 601(a)(2) of title 23, United States Code) for infrastructure projects, including transportation, energy, environment, and telecommunications. (d) Consultation Prior to approving a loan, loan guarantee, or bond under this section, the Corporation shall require the applicant to consult with any member of the House of Representatives or member of the Senate whose district or State, respectively, is affected by the infrastructure project to ensure that such project is meritorious and to avoid any problems that may arise with respect to such project. (e) Timing A loan or bond provided under subsection (a) shall be structured with respect to the expected timing and duration of the construction and utility of an infrastructure project. (f) TIFIA Except as inconsistent with this Act, the Corporation shall provide for loans, loan guarantees, and bonds under this section in the same manner and subject to the same requirements as the Secretary of Transportation enters into loans and loan agreements under section 602 of chapter 6 of title 23, United States Code, with respect to the TIFIA program (as defined in section 601 of such title). 6. Audits and reports (a) Report to Congress Not later than 1 year after the date of enactment of this Act, and annually thereafter, the Board shall submit to Congress a report on the activities of the Corporation. (b) Annual audit Not later than 1 year after the date of enactment of this Act, and annually thereafter, the Inspector General of the Corporation shall— (1) conduct an account audit of the Corporation