; (2) hurricane and storm damage effects on local and regional economic opportunities; (3) welfare of the regional population to be served by the project; or (4) social and cultural value to the local community and communities that are located in the region to be served by the project and that will rely on the project. (c) Prioritization Projects recommended by the Secretary under subsection (a) shall be given equivalent budget consideration and priority as projects recommended solely by national economic development benefits. (d) Disposition (1) In general The Secretary may carry out any project identified in the study carried out pursuant to subsection (a) in accordance with the criteria for projects carried out under the authority of the Secretary under section 205 of the River and Harbor Act of 1948 ( 33 U.S.C. 701s ). (2) Non-Federal interests In evaluating and implementing a project under this section, the Secretary shall allow a non-Federal interest to participate in the financing of a project in accordance with the criteria established for flood control projects under section 903(c) of the Water Resources Development Act of 1986 ( Public Law 99–662 ; 100 Stat. 4184). (e) Annual report For a project that cannot be carried out under the authority specified in subsection (d), on a determination by the Secretary of the feasibility of the project under subsection (a), the Secretary may include a recommendation concerning the project in the annual report submitted to Congress under section 7001 of the Water Resources Reform and Development Act of 2014 ( 33 U.S.C. 2282d ).