29.1-111 - Sale of timber; portion of proceeds to be paid to locality. - Virginia Statutes

§ 29.1-111. Sale of timber; portion of proceeds to be paid to locality.

A. The Director is authorized to manage and harvest timber on lands owned bythe Board in accordance with the best timber and game management practices,and to sell the timber. Proceeds from the sale of such timber shall bedeposited in the state treasury to the credit of the game protection fund.

B. When the Director authorizes the selling of timber which is standing, orwhich has been cut from timber standing on land owned by the Board, the Boardshall pay to the locality in which the standing timber is located twenty-fivepercent of the proceeds of the sale of the timber, after deducting the costof any road constructed by the Department which is necessary for the sale ofthe timber.

(Code 1950, § 29-23; 1964, c. 532, § 29-23.01; 1987, c. 488.)