BillTracker

Promoting the efficient and effective management of state-managed lands (King, Van De Wege)

Modifies state-managed lands provisions with regard to the efficient and effective management of those lands.

EFFECT OF SENATE FLOOR AMENDMENTS
Directs the department of natural resources (DNR) to conduct an evaluation of specified aspects of the DNR state land and state forestland portfolio, revenue streams, and management and transaction processes designed to increase the amount and stability of revenue generation, with a final report due by June 30, 2020. Requires DNR to evaluate certain industrial and commercial leases and easements on state-owned aquatic lands relating to matters including

HOUSE COMMITTEE (Agriculture & Natural Resources) AMENDMENTS:
(1) Modifies the scope of the lands portfolio evaluation conducted by the Department of Natural Resources (DNR) by removing certain elements of the evaluation, including, among others: alternatives and recommendations related to arrearage; an analysis of options that would leverage the earning potential for high value, low performing portions of state lands; and, regarding state forestlands, options and recommendations for the creation of a unitary trust, returning the lands to the counties for their management, leasing the lands to private timber investment management organizations, and transition of lands into higher revenue-producing assets. (2) Modifies the scope of the evaluation by adding ecosystem services and recreation benefits to the list of values generated by state lands and state forestlands that are monitored by DNR. (3) Deletes the provision allowing the Department of Natural Resources (DNR) to use the services of a contractor for any portion of the evaluation required by the section. (4) Requires the DNR to use the services of a contractor to perform an independent evaluation of the current value of trust lands and revenue streams in comparison to other lands regulated by the DNR.

HOUSE FLOOR AMENDMENT
(1) Strikes the section requiring the Department of Natural Resources (DNR) to evaluate the DNR's lands portfolio and revenue streams. (2) Adds a section requiring the DNR to conduct an asset valuation of the state trust lands and state forestlands held in trust and managed by the DNR. (3) Authorizes the DNR to retain the services of a contractor to perform a portion of the asset valuation. (4) Requires an initial progress report on the asset valuation to be submitted to the Legislature by December 1, 2018, and a final report to be submitted to the Legislature by June 30, 2020. (5) Adds a section to specify that a county may pay, distribute, and prorate payments for specified former Common School Trust land exchanged into the State Forestlands Trust in the same manner as general taxes are paid for the former state forestlands that were subject to the exchange.

Hearing Date: Monday, February 26, 2018 -- 8:00 am

WA State Legislature Link:
http://app.leg.wa.gov/billsummary?BillNumber=6140&Year=2018    (opens a new browser tab)