ECONOMIC DEVELOPMENT.

SEC. 110. ECONOMIC DEVELOPMENT. (a) Economic Development Plan.— As a condition for receiving funding under subsection (b) of this section, the State of Oregon, in consultation with Marion County and the Secretary of Agriculture, shall develop a plan for economic development projects for which grants under this section may be used in a manner consistent with this title and to benefit local communities in the vicinity of the Opal Creek area. Such plan shall be based on an economic opportunity study and other appropriate information. (b) Funds Provided to the States for Grants.— Upon completion of the Opal Creek Management Plan, and receipt of the plan referred to in subsection (a) of this section, the Secretary shall provide, subject to appropriations, $15,000,000, to the State of Oregon. Such funds shall be used to make grants or loans for economic development projects that further the purposes of this title and benefit the local communities in the vicinity of Opal Creek. (c) Report.— The State of Oregon shall— (1) prepare and provide the Secretary and Congress with an annual report on the use of the funds made available under this section; (2) make available to the Secretary and to Congress, upon request, all accounts, financial records, and other information 110 STAT. 3009–532related to grants and loans made available pursuant to this section; and (3) as loans are repaid, make additional grants and loans with the money made available for obligation by such repayments.