; and (ii) the greater of— (I) $400,000; (II) 0.2 percent of the current valuation of the working waterfronts preservation loan fund of the eligible coastal state; or (III) an amount equal to 4 percent of all grant awards made to the working waterfronts preservation loan fund of the eligible coastal state under this section for the fiscal year. (h) Authorization of appropriations There is authorized to be appropriated to the Secretary to carry out this section $50,000,000 for each of fiscal years 2024 through 2028. (i) Definitions In this section: (1) Approved working waterfronts plan The term approved working waterfronts plan has the meaning given the term in section 306B. (2) Covered entity The term covered entity means— (A) a State agency; (B) an Indian Tribe; (C) a Native Hawaiian organization; (D) a local government; or (E) a nonprofit organization. (3) Disadvantaged community The term disadvantaged community has the meaning given the term in section 306B. (4) Eligible coastal state The term eligible coastal state means a coastal state that has an approved working waterfronts plan. (5) Working waterfront The term working waterfront has the meaning given the term in section 306B. (6) Working waterfronts preservation loan fund The term working waterfronts preservation loan fund means a revolving loan fund established under this section for the preservation of working waterfronts. .