Long Island Sound Stewardship Act of 2005

[AI summary unavailable — showing source text] Long Island Sound Stewardship Act of 2005 - Establishes the Long Island Sound Stewardship Initiative Region in Connecticut and New York. Establishes the Long Island Sound Stewardship Advisory Committee to evaluate applications for conservation easements, management plans, and grant funds relative to the region. Requires the Committee to: (1) identify 20 initial Long Island Sound stewardship sites that are natural resource-based recreation areas or exemplary natural areas with ecological value and that best promote the purposes of this Act; and (2) use due diligence to recommend an equal distribution of funds between States for the initial sites. Authorizes owners of sites to submit applications to the Committee to have sites identified as stewardship sites. Sets forth a site identification process and related selection criteria. Directs the Committee to publish notice of the list of such sites. Authorizes the Committee to deviate from the site identification process in certain circumstances. Requires the Committee to use an adaptive management framework. Protects the existing legal rights of private property owners. Limits the Federal share of costs associated with activities carri…