National Forest Lands Investment Recovery Act

Summary

National Forest Lands Investment Recovery Act - Expresses the findings of Congress. Establishes a national forest lands investment recovery fund and provides for the crediting of specified moneys to such fund. Authorizes the Secretary of Agriculture to sell bonds and notes to the Secretary of the Treasury to insure consistent levels of receipts in the fund. Provides for the termination of the fund in 20 years or when the purposes of this Act have been fulfilled, whichever comes first. States that fund moneys shall be used by the Secretary for expenditures to achieve a balance among capital or basic investments made for furthering: (1) sustained yield resource management programs; (2) multiple use purposes; and (3) environmental protection and enhancement. Requires the Secretary to report annually to Congress on the operation and effectiveness of this Act.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 16 October 1974

   Introduced

   Referred to House Committee on Agriculture.

   Source: IntroReferral

2. 16 October 1974

   Introduced

   Introduced in House

   Source: IntroReferral

3. 16 October 1974

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

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Versions

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Documents

1 official file

• Introduced in House

  summary · EN · 16 October 1974

  Open at official source

Sponsors

• Rep. Dellenback, John [R-OR-4] · R · Sponsor
• · hsag00 · Standing

Related records

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