CANCELLATION CEILINGS FOR STEWARDSHIP END RESULT CONTRACTING PROJECTS.

SEC. 204. CANCELLATION CEILINGS FOR STEWARDSHIP END RESULT CONTRACTING PROJECTS. Section 604 of the Healthy Forests Restoration Act of 2003 (16 U.S.C. 6591c) is amended— (1) by redesignating subsections (h) and (i) as subsections (i) and (j), respectively; and (2) by inserting after subsection (g) the following: “(h) Cancellation Ceilings.— “(1) In general.—Notwithstanding section 3903(b)(1) of title 41, United States Code, the Chief and the Director may obligate funds in stages that are economically or programmatically viable to cover any potential cancellation or termination costs for an agreement or contract under subsection (b). “(2) Advance notice to congress of cancellation ceiling in excess of $25,000,000.—Not later than 30 days before entering into a multiyear agreement or contract under subsection (b) that includes a cancellation ceiling in excess of $25,000,000, but does not include proposed funding for the costs of cancelling the agreement or contract up to that cancellation ceiling, the Chief or the Director, as applicable, shall submit to the Committee on Energy and Natural Resources and the Committee on Agriculture, Nutrition, and Forestry of the Senate and the Committee on Natural Resources and the Committee on Agriculture of the House of Representatives a written notice that includes— “(A) a description of the cancellation ceiling amounts proposed for each program year in the agreement or contract; “(B) the reasons why the cancellation ceiling amounts described under subparagraph (A) were selected; “(C) a description of the extent to which the costs of contract cancellation are not included in the budget for the agreement or contract; and “(D) an assessment of the financial risk of not including budgeting for the costs of agreement or contract cancellation. “(3) Transmittal of notice to omb.—Not later than 14 days after the date on which written notice is provided under paragraph (2), the Chief or the Director, as appropriate, shall transmit a copy of the notice to the Director of the Office of Management and Budget.” .