; (II) the eligible covered entity may convey the working waterfront or interest in the working waterfront to a qualified holder; and (III) the eligible covered entity shall have the right of immediate entry onto the working waterfront covered by the violated working waterfront covenant. (12) Terms and conditions The Secretary shall subject each grant awarded under this subsection to such terms and conditions as the Secretary determines appropriate to ensure that each such grant is used for purposes consistent with this section. (13) Report (A) In general The Secretary shall biennially submit to Congress a report regarding the implementation of this subsection, which shall include— (i) an evaluation, based on performance measures developed by the Secretary, of the effectiveness of the grant program in accomplishing the purposes of this subsection; (ii) an account of all expenditures under this subsection