; and (2) for eligible State programs that cover all other perils shall not exceed $17,000,000,000. (b) Conditions for guarantee eligibility A debt guarantee under this section may be made only if the Secretary has issued a commitment to guarantee to an eligible State program. The commitment to guarantee shall be for a period of 3 years and may be extended by the Secretary for a period of 1 year on each annual anniversary of the issuance of the commitment to guarantee. The commitment to guarantee and each extension of such commitment may be issued by the Secretary only if the following requirements are satisfied: (1) The eligible State program submits to the Secretary a report setting forth, in such form and including such information as the Secretary shall require, how the eligible State program plans to repay the debt. (2) Based upon the eligible State program's report submitted pursuant to paragraph (1), the Secretary determines there is reasonable assurance that the eligible State program can meet its repayment obligation under the debt. (3) The eligible State program enters into an agreement with the Secretary, as the Secretary shall require, that the eligible State program will not use Federal funds of any kind or from any Federal source (including any disaster or other financial assistance, loan proceeds, and any other assistance or subsidy) to repay the debt. (4) The commitment to guarantee shall specify the fees for debt guarantee coverage. (5) The maximum term of the debt that shall be specified in a commitment issued under this section may not exceed 30 years. (6) The Secretary determines that the eligible State program does not cover losses arising from floods to properties that are required to be covered by flood insurance, covered by flood insurance, or located in areas having special flood hazards (as such term is defined for purposes of the National Flood Insurance Act of 1968 and the Flood Disaster Protection Act of 1973). (c) Mandatory assistance for eligible State programs The Secretary shall