HB180:

Forest Sustainability Fund; created.

Bill Summary:

Land use valuation for real estate devoted to
forest use; creation of Forest Sustainability Fund. Creates the
Forest Sustainability Fund, to be administered by the State Forester.
Localities that have adopted a use value assessment and taxation
program for real estate devoted to forest use are eligible to apply
for an allocation from the Fund. Awards are proportionally based
upon the amount of revenue forgone in the previous fiscal year by
localities due to the use value program.