; and (ii) the specific account or fund into which the funds described in clause (i) are deposited. (B) Annual report Not later than November 30 of each year until 1 year after the date on which all funds received pursuant to transfers under paragraph (1) have been fully expended, the President shall submit to the committees described in subparagraph (A) a report that includes an accounting of how funds received pursuant to transfers under paragraph (1) were used in the fiscal year preceding the fiscal year in which the report is submitted. (11) Applicability of existing law to transfer of special nuclear material and utilization facilities for military applications (A) In general With respect to any special nuclear material for use in utilization facilities or any portion of a submarine transferred under paragraph (1) constituting utilization facilities for military applications under section 91 of the Atomic Energy Act of 1954 ( 42 U.S.C. 2121 ), transfer of such material or such facilities shall occur only in accordance with such section 91. (B) Use of funds The President may use proceeds from a transfer described in subparagraph (A) for the acquisition of submarine naval nuclear propulsion plants and nuclear fuel to replace propulsion plants and fuel transferred to the Government of Australia. (b) Repair and refurbishment of AUKUS submarines Section 8680 of title 10, United States Code, is amended— (1) by redesignating subsection (c) as subsection (d)