; and (B) the development of the pilot project under subsection (d). (2) Composition The Board shall be composed of not fewer than 9 members appointed by the Secretary— (A) who shall provide expertise in— (i) nuclear waste; (ii) workforce issues; (iii) technology development; and (iv) economic development; and (B) who may include representatives from— (i) the National Laboratories; (ii) nonprofit organizations; and (iii) institutions of higher education. (c) Award amount An award under the prize competition shall be in the amount of $500,000. (d) Pilot project (1) In general The Secretary, in consultation with the Board, shall develop a pilot project based on the proposal of the winner of the prize competition. (2) Funding Of the amounts made available under section 7, the Secretary may use $500,000 to carry out the pilot project under paragraph (1). (e) Report Not later than 60 days after the date on which a prize is awarded under the prize competition, the Secretary shall submit to the relevant committees of Congress a report that describes the winning proposal of the prize competition. 5. Stranded Nuclear Waste Task Force (a) Establishment The Secretary shall establish a task force, to be known as the Stranded Nuclear Waste Task Force — (1) to conduct a study on existing public and private resources and funding for which affected communities may be eligible