REGIONAL EQUITY AND FLEXIBILITY.

SEC. 2703. REGIONAL EQUITY AND FLEXIBILITY.(a) Regional Equity and Flexibility.—Section 1241(d) of the Food Security Act of 1985 (16 U.S.C. 3841(d)) is amended—(1) by striking “Before April 1” and inserting the following:“(1) Priority funding to promote equity.—Before April 1”;(2) by striking “$12,000,000” and inserting “$15,000,000”; and(3) by adding at the end the following new paragraph:“(2) Specific funding allocations.—In determining the specific funding allocations for States under paragraph (1), the Secretary shall consider the respective demand in each State for each program covered by such paragraph.”.(b) Allocations Review and Update.—Section 1241 of the Food Security Act of 1985 (16 U.S.C. 3841) is amended by inserting after subsection (e), as added by section 2702, the following new subsection:“(f) Allocations Review and Update.—“(1) Review.—Not later than January 1, 2012, the Secretary shall conduct a review of conservation programs and authorities under this title that utilize allocation formulas to determine the sufficiency of the formulas in accounting for State-level economic factors, level of agricultural infrastructure, or related factors that affect conservation program costs.“(2) Update.—The Secretary shall improve conservation program allocation formulas as necessary to ensure that the formulas adequately reflect the costs of carrying out the conservation programs.”.