PUBLIC LAW 101-512—NOV. 5, 1990 104 STAT. 1965 "(2) a timetable for the completion of such proposed project, production, workshop, or program; "(3) an assurance that the applicant will submit— "(A) interim reports describing the applicant's— "(i) progress in carrying out such project, production, workshop, or program; and "(ii) compliance with this Act and the conditions of receipt of such assistance; "(B) if such proposed project, production, workshop, or program will be carried out during a period exceeding 1 year, an annual report describing the applicant's— "(i) progress in carrying out such project, production, workshop, or program; and "(ii) compliance with this Act and the conditions of receipt of such assistance; and "(C) not later than 90 days after— "(i) the end of the period for which the applicant receives such assistance; or "(ii) the completion of such project, production, workshop, or program; whichever occurs earlier, a final report to the Chairperson or the State agency (as the case may be) describing the applicant's compliance with this Act and the conditions of receipt of such assistance; and "(4) an assurance that the project, production, workshop, or program for which assistance is requested will meet the standards of artistic excellence and artistic merit required by this Act. "(j) The Chairperson shall issue regulations to provide for the Regulations, distribution of financial assistance to recipients in installments except in those cases where the Chairperson determines that installments are not practicable. In implementing any such installments, the Chairperson shall ensure that— "(1) not more than two-thirds of such assistance may be provided at the time such application is approved; and "(2) the remainder of such assistance may not be provided until the Chairperson finds that the recipient of such assistance is complying substantially with this section and with the conditions under which such assistance is provided to such recipient, "(k) The Inspector General of the Endowment shall conduct appropriate reviews to ensure that recipients of financial assistance under this section comply with the regulations under this Act that apply with respect to such assistance, including regulations relating to accounting and financial matters.". (h) LIMITATION ON RECEIPT OF FINANCIAL ASSISTANCE. — Section 5 of the National Foundation on the Arts and the Humanities Act of 1965 (20 U.S.C. 954), as gmiended by subsection (g), is amended— (1) by redesignating subsections (1) through (p) as subsections (m) through (q), respectively, and (2) by inserting after subsection (k) the following: "(1)(1) If, after reasonable notice and opportunity for a hearing on the record, the Chairperson determines that a recipient of financial assistance provided under this section by the Chairperson or any non-Federal entity, used such financial assistance for a project, production, workshop, or program that is determined to be obscene, then the Chairperson shall require that until such recipient repays such assistance (in such amount, and under such terms and condi-
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