Stewardship end result contracting projects

Section 604 of the Healthy Forests Restoration Act of 2003 (16 U.S.C. 6591c) is amended— (1) in subsection (b), by inserting, including retaining and expanding existing forest products infrastructure necessary to carry out an agreement or contract under this subsection before the period at the end; (2) in subsection (d)(3)(B), by striking 10 years and inserting 20 years; and (3) in subsection (h), by adding at the end the following: (4) Special rule for long-term stewardship contracts (A) Definition of multiyear contract In this paragraph, the term multiyear contract means a contract entered into under subsection (b) that— (i) has a term of at least 5 years; and (ii) is entered into on or after the date of enactment of this paragraph. (B) Special rule A multiyear contract entered into under subsection (b) by the Chief or the Director with an entity shall provide that, in the case of cancellation or termination of the multiyear contract by the Chief or the Director, the Chief or the Director, as applicable, shall provide to the entity a cancellation or termination payment equal to the lesser of— (i) an amount equal to 10 percent of the multiyear contract; or (ii) the amount of unrecovered costs that would have been recouped through amortization over the full term of the contract (including the term canceled)..

Section 604 of the Healthy Forests Restoration Act of 2003 (16 U.S.C. 6591c) is amended— (1) in subsection (b), by inserting, including retaining and expanding existing forest products infrastructure necessary to carry out an agreement or contract under this subsection before the period at the end; (2) in subsection (d)(3)(B), by striking 10 years and inserting 20 years; and (3) in subsection (h), by adding at the end the following: (4) Special rule for long-term stewardship contracts (A) Definition of multiyear contract In this paragraph, the term multiyear contract means a contract entered into under subsection (b) that— (i) has a term of at least 5 years; and (ii) is entered into on or after the date of enactment of this paragraph. (B) Special rule A multiyear contract entered into under subsection (b) by the Chief or the Director with an entity shall provide that, in the case of cancellation or termination of the multiyear contract by the Chief or the Director, the Chief or the Director, as applicable, shall provide to the entity a cancellation or termination payment equal to the lesser of— (i) an amount equal to 10 percent of the multiyear contract; or (ii) the amount of unrecovered costs that would have been recouped through amortization over the full term of the contract (including the term canceled)..