Sec. 407. Payments to United States Treasury
144 words·~1 min read·
/bill/113/hr/4/pcs/section-407A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
As soon as practicable after the end of the fiscal year in which a community forest demonstration area is established and as soon as practicable after the end of each subsequent fiscal year, the Advisory Committee for a community forest demonstration area shall make a payment to the United States Treasury. The payment for a fiscal year under subsection
(a)with respect to a community forest demonstration area shall be equal to 75 percent of the quotient obtained by dividing— the number obtained by multiplying the number of acres of land in the community forest demonstration area by the average annual receipts generated over the preceding 10-fiscal year period from the unit or units of the National Forest System containing that community forest demonstration area; by the total acres of National Forest System land in that unit or units of the National Forest System.