; (B) the reasons why such cancellation ceiling amounts were selected; (C) 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) with respect to an agreement or contract under subsection (b), the Chief or the Director, as the case may be, shall transmit a copy of the notice to the Director of the Office of Management and Budget. . (b) Relation to other laws Section 604(d)(5) of the Healthy Forests Restoration Act of 2003 ( 16 U.S.C. 6591c(d)(5) ) is amended— (1) by striking , the Chief may and inserting and section 2(a)(1) of the Act of July 31, 1947 (commonly known as the Materials Act of 1947; 30 U.S.C. 602(a)(1) ), the Chief and the Director may ; and (2) by striking the last sentence. 502. Excess offset value Section 604(g)(2) of the Healthy Forests Restoration Act of 2003 ( 16 U.S.C. 6591c(g)(2) ) is amended by striking subparagraphs (A) and (B) and inserting the following new subparagraphs: (A) use the excess to satisfy any outstanding liabilities for cancelled agreements or contracts; or (B) if there are no outstanding liabilities under subparagraph (A), apply the excess to other authorized stewardship projects. . 503. Payment of portion of stewardship project revenues to county in which stewardship project occurs Section 604(e) of the Healthy Forests Restoration Act of 2003 ( 16 U.S.C. 6591c(e) ) is amended— (1) in paragraph (2)(B), by inserting subject to paragraph (3)(A), before shall