HB944 - Forest Sustainability Fund; fund allocation.
Virginia - 2024 Regular Session
Introduced byAlfonso H. Lopez, Dan I. Helmer, Nadarius E. Clark
Last updated 6 months ago
6 Co-Sponsors
Forest Sustainability Fund; fund allocation. Provides that moneys from the Forest Sustainability Fund must be allocated proportionally among localities that forgo tax revenues as a result of the use value assessment and taxation for real estate devoted for forest use. The bill specifies that no locality shall receive an allocation of more than four percent or less than one-half of one percent of available funds from the Fund.
STATUS
Passed
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