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U.S. Code as of:
01/19/04
Section 500. Payment and evaluation of receipts to State or Territory for schools and roads; moneys received; projections of revenues and estimated payments
On and after May 23, 1908, twenty-five per centum of all moneys
received during any fiscal year from each national forest shall be
paid, at the end of such year, by the Secretary of the Treasury to
the State or Territory in which such national forest is situated,
to be expended as the State or Territorial legislature may
prescribe for the benefit of the public schools and public roads of
the county or counties in which such national forest is situated:
Provided, That when any national forest is in more than one State
or Territory or county the distributive share to each from the
proceeds of such forest shall be proportional to its area therein.
In sales of logs, ties, poles, posts, cordwood, pulpwood, and other
forest products the amounts made available for schools and roads by
this section shall be based upon the stumpage value of the timber.
Beginning October 1, 1976, the term "moneys received" shall include
all collections under the Act of June 9, 1930, and all amounts
earned or allowed any purchaser of national forest timber and other
forest products within such State as purchaser credits, for the
construction of roads on the National Forest Transportation System
within such national forests or parts thereof in connection with
any Forest Service timber sales contract. The Secretary of
Agriculture shall, from time to time as he goes through his process
of developing the budget revenue estimates, make available to the
States his current projections of revenues and payments estimated
to be made under the Act of May 23, 1908, as amended, or any other
special Acts making payments in lieu of taxes, for their use for
local budget planning purposes.
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