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AGO Opinions with Topic: COUNTY DEEDED FOREST LANDS
AGO 1987 No. 10 >  March 20, 1987
STATE - AGENCY FLAT RATE OF RETURN - TRUST - COUNTY DEEDED FOREST LANDS
SETTLEMENT PROCEEDS FROM TIMBER SALE LITIGATION RCW 76.12.030 does not establish a separate trust for each county with reference to the lands deeded by each county to the DNR for state forest lands. RCW 76.12.030(1) does authorize the Board of Natural Resources to establish a flat rate of return to the forest development account of twenty-five percent of any moneys derived from DNR transfer land leases and resource sales. Settlement proceeds from timber sale litigation are properly distributed to the forest development account pursuant to RCW 76.12.030(12).
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