; and (D) by adding at the end the following: (I) Procedures and accounting methodology to quantify blue carbon benefits for the purposes of the annual report required under section 907. . (2) Coastal grants Section 906(b) ( 16 U.S.C. 7505(b) ) is amended to read as follows: (b) Coastal grants (1) In general The Administrator, in consultation with the Foundation, shall award grants to each eligible coastal State, coastal Indian Tribe, and Native Hawaiian organization from the amount made available under section 904(d) in accordance with the following: (A) 35 percent of such amount shall be allocated equally among coastal States. (B) 30 percent of such amount shall be allocated to coastal States on the basis of the ratio of the tidal shoreline miles of a coastal State to the tidal shoreline miles of all coastal States. (C) 20 percent of such amount shall be allocated to coastal States on the basis of the ratio of the population of the coastal counties of a coastal State to the total population of the coastal counties of all coastal States, based on the most recent data available from the United States Census Bureau. (D) 15 percent of such amount shall be allocated equally among coastal Indian Tribes and Native Hawaiian organizations. (2) Maximum allocation to coastal States (A) In general Notwithstanding subparagraphs (A) through (C) of paragraph (1), not more than 5 percent of the total amount awarded under this subsection may be allocated to any one coastal State. (B) Redistribution The Administrator shall develop guidelines regarding the redistribution of any amount greater than the maximum allocation described in subparagraph (A). (3) Application (A) In general To be eligible for a grant under this subsection, a coastal State, coastal Indian Tribe, or Native Hawaiian organization shall submit to the Administrator an application in such form, at such time, and containing such information as the Administrator determines appropriate. (B) Eligibility To be eligible for a grant under this subsection, a coastal