(at the request of Governor Theodore R. Kulongoski for State Forestry Department)
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Bill Title:
Relating to the State Board of Forestry authorization to acquire lands; appropriating money; and declaring an emergency.
Catchline/Summary:
Modifies certain provisions related to ability of State Board of Forestry to acquire lands. Modifies certain provisions related to ability of State Board of Forestry to acquire lands. Authorizes certain management practices for land acquired by board on or after effective date of Act.
Establishes State Forest Acquisition Fund. Continuously appropriates moneys in fund to board for purpose of acquiring parcels in Gilchrist area of Klamath County for use as state forestland. Authorizes Oregon Department of Administrative Services to issue lottery bonds for biennium beginning July 1, 2009. Directs proceeds of lottery bonds to be deposited in fund.]
Establishes Forest Acquisition County Reimbursement Fund. Continuously appropriates moneys in fund to State Forestry Department for purpose of reimbursing counties for loss of tax revenue that occurs when department acquires land from county immediately prior to taxation. Specifies formula for reimbursement.
Authorizes State Treasurer to issue revenue bonds for purposes related to acquiring forestland.
Establishes Forest Development Revenue Bond Fund. Continuously appropriates moneys in fund to board for purposes of paying certain bond-related costs.
Establishes State Forestry General Obligation Bond Fund. Continuously appropriates moneys in fund to department for purposes of paying certain bond-related costs.
Declares emergency, effective on passage.
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HB 2216
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