Wood Supply and National Forest Lands Investment Act

Summary

Wood Supply and National Forest Lands Investment Act - Sets forth the findings of Congress. Establishes in the Treasury of the United States a forecast lands planning and investment fund, hereinafter referred to as the "fund". Provides that beginnning July 1, 1973, there shall be credited to the fund all receipts from the sale of forest products and from any other source of revenue from the national forests and other lands administered by the Forest Service. States that moneys appropriated from the fund shall be allocated in each fiscal year for expenditure by the Secretary of Agriculture in such proportions and in such locations as he determines to be appropriate for the following purposes: (1) planning and inventories needed for the preservation, use, or development of national forest system resources; (2) capital or basic investments made for furthering sustained yield resource management programs or for enhancing long-term public use of national forest resources; and (3) financial or technical assistance to States or private forest landowners in accord with such forestry assistance programs as the Secretary of Agriculture is authorized to undertake under other provisions of law. Provides that beginning July 1, 1973, no unprocessed timber of species and grades generally used for domestic manufacture of construction lumber or plywood from Federal lands located west of the one hundredth meridian shall be exported from the United States. Authorizes the appropriate Secretary administering lands referred to in this Act, after a public hearing to designate specified timber as available for export if such timber is surplus to the needs of the domestic market. Provides that any person, individual, partnership, corporation, or association, who willfully and knowingly violates the provisions of this Act shall be fined not more than $5,000 or imprisoned not more than five years, or both. Requires the Secretary of Commerce, in consultation with appropriate United States Government departments and agencies and any appropriate technical advisory committee to undertake an investigation to determine which materials or commodities shall be subject to export controls because of the present or prospective domestic inflationary impact or short susply of such material or commodity in the absence of any such export control. Directs the Secretary to require contractors and permittees in connection with the sale of timber and other forest products from the national forest system or the issuance of permits for use of national forest system lands, to install or take such measures as he deems desirable to minimize adverse environmental impacts that might result from the contracted or permitted activity. Authorizes the Secretary to report annually to the Congress on the operation and effectiveness of this Act.

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Documents

2 official files

• Reported to Senate with amendment(s)

  summary · EN · 11 June 1973

  Open at official source

• Introduced in Senate

  summary · EN · 10 May 1973

  Open at official source

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