Permits a contract, at the discretion of the Secretary of Agriculture (USDA), to be considered a contract for the sale of property.
Limits contracts to no more than 10 years.
Allows, as an offset against the cost of services received under the agreement or contract, the value of removed timber or other forest products.
Sets forth requirements for fire liability provisions.
Permits the Forest Service and the BLM to collect monies from an agreement or contract if the collection is a secondary objective of negotiating the contract that will best achieve the purposes of this Act.
Allows recovery of certain costs of removal of timber or other forest products, notwithstanding that the contractor did not harvest the timber.
Authorizes performance and payment bonds in an amount determined sufficient to protect the investment in receipts by the federal government generated by the contractor from the estimated value of the forest products to be removed.
Requires a multiparty monitoring and evaluation process to assess the stewardship contracting projects conducted under this Act.
Requires annual reports to Congress on: (1) the status of agreements or contracts under this Act, (2) the accomplishments that have resulted, and (3) the role of local communities in the development of agreements or contract plans.
Instructs the Forest Service and the BLM to offset any direct spending authorized under this Act using any additional amounts that may be made available to the Forest Service or the BLM for the applicable fiscal year.