; and (B) verified pursuant to subsection (d)(1); and (2) grants to carry out mitigation activities described in subsection (f)(2). (b) Availability of fund The Fund shall be available to the Secretary without fiscal year limitations for the purpose of providing payments and grants under subsection (a). (c) Accounts The Fund shall— (1) consist of the royalties, fees, rents, bonuses, and other payments deposited under section 8(p)(2)(D); and (2) be divided into separate area accounts from which payments and grants shall be provided based on the area in which damages occur. (d) Regulations The Secretary shall establish, by regulation, a process to— (1) file, process, and verify claims for purposes of providing payments under subsection (a)(1); and (2) apply for a grant provided under subsection (a)(2). (e) Payment amount Payments provided under subsection (a)(1) shall— (1) be based on the scope of the verified claim; (2) be fair and provided efficiently and in a transparent manner; and (3) if the covered entity receiving the payment has or will receive direct compensation for the verified claim pursuant to a community benefit agreement or other agreement between such covered entity and a holder of a lease, easement, or right-of-way, be reduced by an amount that is equal to the amount of such direct compensation. (f) Claims; mitigation grants (1) Claims A payment may be provided under subsection (a)(1) for a verified claim to— (A) replace or repair gear that was lost or damaged by the development, construction, operation, or decommissioning of an offshore renewable energy project