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Current as of April 06, 2022 | Updated by FindLaw Staff
(1) There is created a forest development account in the state treasury. The state treasurer shall keep an account of all sums deposited, expended, or withdrawn from the account.
(2)(a) Any sums placed in the forest development account shall be pledged for the purpose of:
(i) Paying interest and principal on the bonds issued by the department under RCW 79.22.080 and 79.22.090 and the provisions of this chapter; and
(ii) The purchase of land for growing timber.
(b) Any bonds issued shall constitute a first and prior claim and lien against the account for the payment of principal and interest.
(3) No sums for the purposes identified in subsection (2) of this section shall be withdrawn or paid out of the account except upon approval of the department.
(4) Appropriations may be made by the legislature from the forest development account to the department for the purpose of:
(a) Carrying on the activities of the department on state forestlands;
(b) Establishing a state forestland pool under RCW 79.22.140 and carrying on the activities of the department on lands included in the land pool;
(c) Carrying on the activities of the department on lands managed on a sustained yield basis as provided for in RCW 79.10.320; and
(d) Reimbursement of expenditures that have been made or may be made from the resource management cost account created in RCW 79.64.020 in the management of state forestlands.
Cite this article: FindLaw.com - Washington Revised Code Title 79. Public Lands § 79.64.100. Forest development account (as amended by 2012 c 166) - last updated April 06, 2022 | https://codes.findlaw.com/wa/title-79-public-lands/wa-rev-code-79-64-100/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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