Declares that this act is intended to allow the small forest landowner office to begin the process of calculating the compensation that may be offered to a small forest landowner who is participating in the forest riparian easement program shortly after receipt of the landowner's application.

Provides that the small forest landowner office shall, by the end of the 2007-2009 fiscal biennium, use any funding specifically made available to it for these purposes from the state's capital construction budget to complete the compensation estimates and execute the resulting easement contracts for forest riparian easement contracts received by the small forest landowner office prior to the effective date of this act.