Sec. 8. High Hazard Area Wood Biomass Fund

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There is established in the Treasury of the United States a fund, to be known as the High Hazard Area Wood Biomass Fund (referred to in this section as the Fund ). The Secretary of Agriculture (referred to in this section as the Secretary ) may transfer such percentage as the Secretary determines to be appropriate of the revenue generated from base stumpage rates of timber sales that occur on National Forest System land (other than revenue described in paragraph (2)) to the Secretary of the Treasury for deposit in the Fund. Revenue generated from sales described in paragraph

(1)may not be transferred under that paragraph if the revenue would, in the absence of that paragraph, be— deposited in the special fund established under section 3 of the Act of June 9, 1930 (commonly known as the Knutson-Vandenberg Act ) (46 Stat. 527, chapter 416; 16 U.S.C. 576b ); paid to a State, county, or territory under the Act of May 23, 1908 (35 Stat. 260, chapter 192; 16 U.S.C. 500 ); or paid to a county under the Act of May 24, 1939 (53 Stat. 753, chapter 144; 43 U.S.C. 2621 et seq.). Amounts in the Fund shall be used by the Secretary to assist timber operators and biomass energy producers with the collection, harvest, storage, and transportation (including by rail) of biomass material, such as byproducts of forest health treatments and hazardous fuels reduction projects, removed from National Forest System land in high hazard areas. In providing assistance under subsection (c), the Secretary shall give priority to an electricity generating unit that is fired at least 80 percent by coal and that converts to a majority of biomass power operations. Nothing in this section affects the amount of a county payment under the Secure Rural Schools and Community Self-Determination Act of 2000 ( 16 U.S.C. 7101 et seq.).

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