By December 31, 1992, the Department shall prepare and provide to local authorities a statewide forest resource inventory that includes: A list of priority areas for reforestation or afforestation of both publicly and privately owned land on a county-by-county basis; and Specific areas which contain plants and animal species to be considered as priority areas for forest retention and protection under Natural Resources Article, §5-1607(c), Annotated Code of Maryland. The Department shall update the Statewide forest resource inventory at least every 5 years or as considered appropriate.