; or (B) any other individual with respect to whom the Chairman of the Commission determines that compensation in accordance with that paragraph is necessary or appropriate to hire or retain that individual. (3) Limitation The annual rate of basic pay for an individual described in paragraph (2) may not exceed the per annum rate of salary payable for level III of the Executive Schedule under section 5314 of title 5, United States Code. 5. Disposition of certain revenues (a) Definitions In this section: (1) Covered land The term covered land means land that is— (A) public land; and (B) not excluded from the siting, construction, or modification of electric transmission facilities under— (i) a land use plan established under the Federal Land Policy and Management Act of 1976 ( 43 U.S.C. 1701 et seq. ); or (ii) other Federal law. (2) Federal land The term Federal land means— (A) National Forest System land