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2012 SESSION

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HB 995 Forestry, Department of; limits payments from timber sales to localities.

Introduced by: Margaret B. Ransone | all patrons    ...    notes | add to my profiles | history

SUMMARY AS PASSED HOUSE:

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; however, the counties of Appomattox, Buckingham, and Cumberland will receive one-eighth of the gross proceeds from the timber sales on state forest lands located in their county. 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 SB 428.

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.