274 
SEC. 2505. SMALL WATERSHED REHABILITATION PRO-
GRAM. 
Section 14(h)(2)(E) of the Watershed Protection and 
Flood Prevention Act (16 U.S.C. 1012(h)(2)(E)) is 
amended by striking ‘‘2012’’ and inserting ‘‘2018’’. 
SEC. 2506. EMERGENCY WATERSHED PROTECTION PRO-
GRAM. 
Section 403 of the Agricultural Credit Act of 1978 
(16 U.S.C. 2203) is amended— 
(1) by striking ‘‘SEC. 402.—The Secretary’’ 
and inserting the following: 
‘‘SEC. 402. EMERGENCY MEASURES. 
‘‘(a) IN GENERAL.—The Secretary’’; and 
(2) by adding at the end the following: 
‘‘(b) FLOODPLAIN EASEMENTS.— 
‘‘(1) MODIFICATION AND TERMINATION.—The 
Secretary may modify or terminate a floodplain 
easement administered by the Secretary under this 
section if— 
‘‘(A) the current owner agrees to the modi-
fication or termination; and 
‘‘(B) the Secretary determines that the 
modification or termination— 
‘‘(i) will address a compelling public 
need for which there is no practicable al-
ternative; and 
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‘‘(ii) is in the public interest. 
‘‘(2) CONSIDERATION.— 
‘‘(A) TERMINATION.—As consideration for 
termination of an easement and associated 
agreements under paragraph (1), the Secretary 
shall enter into compensatory arrangements as 
determined to be appropriate by the Secretary. 
‘‘(B) MODIFICATION.—In the case of a 
modification under paragraph (1)— 
‘‘(i) as a condition of the modification, 
the current owner shall enter into a com-
pensatory arrangement (as determined to 
be appropriate by the Secretary) to incur 
the costs of modification; and 
‘‘(ii) the Secretary shall ensure that— 
‘‘(I) the modification will not ad-
versely affect the floodplain functions 
and values for which the easement 
was acquired; 
‘‘(II) any adverse impacts will be 
mitigated by enrollment and restora-
tion of other land that provides great-
er floodplain functions and values at 
no additional cost to the Federal Gov-
ernment; and 
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‘‘(III) the modification will result 
in equal or greater environmental and 
economic 
values 
to 
the 
United 
States.’’. 
SEC. 2507. TERMINAL LAKES ASSISTANCE. 
Section 2507 of the Food, Security, and Rural Invest-
ment Act of 2002 (43 U.S.C. 2211 note; Public Law 107– 
171) is amended to read as follows: 
‘‘SEC. 2507. TERMINAL LAKES ASSISTANCE. 
‘‘(a) DEFINITIONS.—In this section: 
‘‘(1) ELIGIBLE LAND.—The term ‘eligible land’ 
means privately owned agricultural land (including 
land in which a State has a property interest as a 
result of state water law)— 
‘‘(A) that a landowner voluntarily agrees to 
sell to a State; and 
‘‘(B) which— 
‘‘(i)(I) is ineligible for enrollment as a 
wetland reserve easement established under 
the Agricultural Conservation Easement 
Program under subtitle H of the Food Se-
curity Act of 1985; 
‘‘(II) is flooded to— 
‘‘(aa) an average depth of at 
least 6.5 feet; or 
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