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2022 Session

Budget Amendments - SB30 (Member Request)

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Chief Patron: Ruff
Forest Sustainability Fund

Item 108 #1s

Item 108 #1s

First Year - FY2023 Second Year - FY2024
Agriculture and Forestry
Department of Forestry FY2023 $1,000,000 FY2024 $0 GF

Language
Page 89, line 30, strike "$47,618,537" and insert "$48,618,537".

Page 90, after line 46, insert:

"M. Out of the amounts of this item, $1,000,000 the first year from the general fund shall be deposited to a special, nonreverting fund for the evaluation and development of guidelines for the administration of the fund to promote multiple-use forestry management in Virginia jurisdictions that adopt an ordinance for the use value assessment and taxation for real estate devoted to forest use."



Explanation

(This amendment provides $1.0 million GF in FY 2023 to a special, nonreverting fund for the evaluation and development of guidelines and administration of the fund to promote multiple-use forestry management in Virginia jurisdictions that adopt an ordinance for the use value assessment and taxation for real estate devoted to forest use.)