Attorney General No.
Secretary of State No.
FORESTRY PROGRAM. TIMBER HARVESTING. BOND ACT. INITIATIVE STATUTE. Authorizes, subject to Legislature approval, $300,000,000 program for loans, grants to certain timberland owners, public entities, others for forest and park restoration, urban forestry projects. Limits timber cutting practices, requires state-approved timber and wildlife management plans, on private timberlands exceeding 5,000 acres. Mandates timberland, wildlife resources study. Allows state acquisition of designated timberlands, bars forced purchase of others for 10-year period. Authorizes $300,000,000 general obligation bond issue to fund forestry programs. Provides that between competing timber initiative(s) this measure overrides other(s). Precludes amendment by competing initiative(s) to existing timber harvesting law. Summary of estimate of Legislative Analyst and Director of Finance of fiscal impact on state and local governments: State General Fund costs of $300 million in bond principal, $235 million in projected bond interest and $3.2 million annually for funding, administration of forestry grants program. State General Fund annual costs of up to $10.2 million, one-time costs of $125,000, for state agencies to administer timber cutting restrictions, new timber and wildlife management requirements. One-time state costs of $1.1 million for specified studies, offset by revenues from fees on timber harvest plans. Probable reduction in Proposition 98 transfers of "excess revenues" to K-14 education.
George A. Craig C/O Colleen C. Mcandrews Simmon & Mcandrews, 1441 Fourth Street, Santa Monica, Ca 90401
Forestry Program. Timber Harvesting. Bond Act. California Initiative 515 (1990).