(1) A district may enter into agreements to share the cost of implementing forest practices on member forest land within the district. A district may pay not more than 90% of the lesser of either of the following:

  (a) The member’s actual cost per acre to accomplish the work.

  (b) The prevailing per acre cost for the forest practice as determined by the board.

  (2) The board shall prepare a schedule of cost share percentages applicable to forest practices undertaken under this section. The schedule shall set forth the percentage amount which the member shall contribute for various categories of forest practices. The department shall provide technical assistance to a board in the preparation of a schedule. A member’s cost share contributions may be made in the form of material, services, or equipment as well as funds.

  (3) The scheduled percentage contribution for members owning less than 500 acres may be less than for members owning 500 acres or more. The schedule may also provide for a reduced percentage contribution by a member if 1 or more of the following apply:

  (a) The forest practices would provide relatively more employment opportunities than other proposed practices.

  (b) The forest practices would increase recreational opportunities for the public.

  (c) Forest land conservation measures or fish or wildlife habitat improvements are included in the project.