than agencies or departments of the Federal Government 
or State governments, under which the Secretary is obli-
gated, subject to the availability of appropriations, to 
make annual payments or provide other compensation to 
the persons to implement the agreements. 
‘‘(2)(A) The Secretary and persons who own or con-
trol the use of private land may enter into species recovery 
agreements with a term of not less than 5 years that meet 
the criteria set forth in subparagraph (B) and are in ac-
cordance with the priority established in subparagraph 
(C). 
‘‘(B) A species recovery agreement entered into under 
this paragraph by the Secretary with a person— 
‘‘(i) shall require that the person shall carry 
out, on the land owned or controlled by the person, 
activities that— 
‘‘(I) protect and restore habitat for covered 
species that are species determined to be endan-
gered species or threatened species pursuant to 
section 4(a)(1); 
‘‘(II) contribute to the conservation of one 
or more covered species; and 
‘‘(III) specify and implement a manage-
ment plan for the covered species;
‘‘(ii) shall specify such a management plan that 
includes— 
‘‘(I) identification of the covered species; 
‘‘(II) a description of the land to which the 
agreement applies; and 
‘‘(III) a description of, and a schedule to 
carry out, the activities under clause (i); 
‘‘(iii) shall provide sufficient documentation to 
establish ownership or control by the person of the 
land to which the agreement applies; 
‘‘(iv) shall include the amounts of the annual 
payments or other compensation to be provided by 
the Secretary to the person under the agreement, 
and the terms under which such payments or com-
pensation shall be provided; and 
‘‘(v) shall include— 
‘‘(I) the duties of the person; 
‘‘(II) the duties of the Secretary; 
‘‘(III) the terms and conditions under 
which the person and the Secretary mutually 
agree the agreement may be modified or termi-
nated; and 
‘‘(IV) acts or omissions by the person or 
the Secretary that shall be considered violations 
of the agreement, and procedures under which
notice of and an opportunity to remedy any vio-
lation by the person or the Secretary shall be 
given. 
‘‘(C) In entering into species recovery agreements 
under this paragraph, the Secretary shall accord priority 
to agreements that apply to any areas that are identified 
in recovery plans pursuant to subsection (c)(1)(A)(iv). 
‘‘(3)(A) The Secretary and persons who own private 
land may enter into species conservation contract agree-
ments with terms of 30 years, 20 years, or 10 years that 
meet the criteria set forth in subparagraph (B) and stand-
ards set forth in subparagraph (D) and are in accordance 
with the priorities established in subparagraph (C). 
‘‘(B) A species conservation contract agreement en-
tered into under this paragraph by the Secretary with a 
person— 
‘‘(i) shall provide that the person shall, on the 
land owned by the person— 
‘‘(I) carry out conservation practices to 
meet one or more of the goals set forth in 
clauses (i) through (iii) of subparagraph (C) for 
one or more covered species, that are species 
that are determined to be endangered species or 
threatened species pursuant to section 4(a)(1), 
species determined to be candidate species pur-
suant to section 4(b)(3)(B)(iii), or species sub-
ject to comparable designations under State 
law; and 
‘‘(II) specify and implement a management 
plan for the covered species; 
‘‘(ii) shall specify such a management plan that 
includes— 
‘‘(I) identification of the covered species; 
‘‘(II) a description in detail of the con-
servation practices for the covered species that 
the person shall undertake; 
‘‘(III) a description of the land to which 
the agreement applies; and 
‘‘(IV) a schedule of approximate deadlines, 
whether one-time or periodic, for undertaking 
the conservation practices described pursuant to 
subclause (II); 
‘‘(V) a description of existing or future 
economic activities on the land to which the 
agreement applies that are compatible with the 
conservation practices described pursuant to 
subclause (II) and generally with conservation 
of the covered species; 
‘‘(iii) shall specify the term of the agreement; 
and