SB 428 Forestry, Department of; limits payments from timber sales to localities.
Frank M. Ruff, Jr. | all patrons    ...    notes
| add to my profiles
history

Summary as passed:

Payments from timber sales.  Limits the payment made to localities by the Department of Forestry to one-fourth of the gross proceeds derived solely from the sale of timber harvested on state forest lands, except the Counties of Appomattox, Buckingham, and Cumberland, which receive one-eighth of the gross proceeds from the timber sales. Currently, localities receive one-fourth of the gross proceeds from revenue generated by any revenue-generating activity occurring on state forest lands. This bill is identical to HB 995.


Summary as introduced:

Payments from timber sales.  Limits the payment made to localities by the Department of Forestry to one-fourth of the gross proceeds derived solely from the sale of timber harvested on state forest lands. Currently, localities receive one-fourth of the gross proceeds from revenue generated by any revenue-generating activity occurring on state forest lands. This bill is identical to HB 995.