Directs the Partnership's management entity, the Lake Champlain Basin Program (the "Program"), to develop a management plan (the "plan") for the Partnership. Requires the plan to contain various components, including: (1) recommendations for funding, managing, and developing the Partnership; (2) a description of activities to be carried out by public and private organizations to protect the Partnership's resources; (3) an assessment of the organizational capacity of the Program to achieve the goals for implementation; and (4) recommendations for collaboration with Canada and the Province of Quebec in implementing this Act.
Directs the Program to submit the plan to the Secretary of the Interior for approval. Requires the Secretary's permission for any funds to be used to implement any amendment to the plan.
Authorizes the Program to enter into partnerships with various public and private entities to carry out this Act, and to issue grants to such entities. Allows the Secretary to provide assistance (including financial assistance) to carry out this Act.
Prohibits the Program from using Federal funds made available by this Act to acquire real property or any interest in real property.
(Sec. 5) States that nothing in this Act: (1) grants the Program powers of zoning or land use; (2) changes the authority of government to manage or regulate any use of land under any law (including regulations); or (3) obstructs or limits private business development or resource development activities.
(Sec. 6) Authorizes appropriations. Requires the non-Federal share of the cost of any activities carried out under this Act to be at least 50 percent.
(Sec. 7) Prohibits Federal assistance under this Act after 15 years after its enactment.