Page:United States Statutes at Large Volume 112 Part 4.djvu/338

 112 STAT. 2681-309 PUBLIC LAW 105-277—OCT. 21, 1998 (D) A description of the economic benefits to local communities achieved by the implementation of the pilot project. (E) A comparison of the revenues generated by, and costs incurred in, the implementation of the resource management activities described in subsection (d) on the Federal lands included in the pilot project area with the revenues and costs during each of the fiscal years 1992 through 1997 for timber management of such lands before their inclusion in the pilot project. (F) A proposed schedule for the resource management activities to be undertaken in the pilot project area during the 1-year period beginning on the date of submittal of the report. (G) A description of any adverse environmental impacts from the pilot project. (2) LIMITATION ON EXPENDITURES.—The amount of Federal funds expended on each annual report under this subsection shall not exceed $125,000. (k) FINAL REPORT.— (1) IN GENERAL.— The Secretary shall establish an independent scientific panel to review and report on whether, and to what extent, implementation of the pilot project under this section achieved the goals stated in the Quincy Library Group-Community Stability Proposal, including improved ecological health and community stability. The membership of the panel shall reflect expertise in diverse disciplines in order to adequately address all of those goals. (2) PREPARATION. —The panel shall initiate such review no sooner than 18 months after the first day of the term of the pilot project under subsection (g). The panel shall prepare the report in consultation with interested members of the public, including the Quincy Library Group. The report shall include, but not be limited to, the following: (A) A description of any adverse environmental impacts resulting from implementation of the pilot project. (B) An assessment of watershed monitoring data on lands treated pursuant to this section. Such assessment shall address the following issues on a priority basis: timing of water releases; water quality changes; and water yield changes over the short- and long-term in the pilot project area. (3) SUBMISSION TO THE CONGRESS. —The panel shall submit the final report to the Congress as soon as practicable, but in no case later than 18 months after completion of the pilot project. (4) LIMITATION ON EXPENDITURES.—The amount of Federal funds expended for the report under this subsection, other than for watershed monitoring, shall not exceed $350,000. The amount of Federal funds expended for watershed monitoring under this subsection shall not exceed $175,000 for each fiscal year in which the report is prepared. (1) RELATIONSHIP TO OTHER LAWS. —Nothing in this section exempts the pilot project from any Federal environmental law. (m) LOANS FOR DEMONSTRATION PROJECTS FOR WOOD WASTE OR LOW-QUALITY WOOD BYPRODUCTS.—

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