SHB 1421 -
By Representative Smith
WITHDRAWN 03/05/2011
On page 3, line 5, after "must" insert ", consistent with this section,"
On page 3, after line 27, insert the following:
"(3) If the initial state financial investment in a community
forest trust parcel, along with any eligible local contribution, has
not been fully reimbursed, then at least fifty percent of any revenue
generated by the associated community forest trust lands beyond what is
needed to reimburse the department for management costs must be
dedicated as follows:
(a) If the partnering local government is eligible for
reimbursement of its local commitment under section 7 of this act, and
both the local government commitment and the initial state investment
have not been reimbursed, then the revenue must be divided so that
fifty percent is provided to the state's general fund and fifty percent
is provided to the partnering local government; and
(b) If the partnering local government is ineligible for
reimbursement of its local commitment under section 7 of this act or
the local commitment has already been reimbursed, and the initial state
investment has not been reimbursed, then the revenue must be provided
to the state's general fund."
On page 6, line 8, after "forest." insert "However, any funds used as part of the local contribution that was originally provided through a state or federal grant may not be reimbursed."
On page 6, line 24, after "reimburses" insert ", when appropriate,"
On page 6, line 37, after "act." insert "However, local entities are only eligible for reimbursement under this subsection if the subsequent parcel use is not open space, parks, or habitat lands."
On page 10, line 34, after "entities'" insert "eligible"
EFFECT: Requires at least fifty percent of community forest trust
revenue to be used to reimburse both the local financial commitment and
the state's investment in obtaining a parcel prior to using the revenue
for other parcel management objectives.
Prohibits a partnering local government from receiving
reimbursement for its initial contribution if the money used for the
contribution came from a state or federal grant; limits the ability of
a local entity to receive reimbursement of its local contribution upon
divestiture of the property unless the subsequent use of the land after
divestiture is a use other than open space, parks, or habitat.