4VAC10-40-170. Incentive payments.

Part XI. Incentive Payments

A. The department may from time to time and upon consultation with the board adjust the levels and manner of incentive payments to be offered to landowners for reforestation projects in accordance with the Reforestation Act. Those changes will be for one fiscal year and may not change within a fiscal year. Any such adjustments shall be announced and publicized as far in advance of their affective dates as practical.

B. The incentive payments to landowners from approved projects are hereby set at 75% of the total cost of the project or an annually determined maximum amount per acre agreed upon by the Board of Forestry and the State Forester, whichever is less.

Statutory Authority

§ 10.1-1101 of the Code of Virginia.

Historical Notes

Former 4VAC5-60-170 derived from VR312-01-04, eff. July 1, 1971; amended, eff. July 1, 1978, eff. July 1, 1979, eff. July 1, 1980, eff. July 1, 1981, eff. July 1, 1982; amended and renumbered as 4VAC10-40-170, Virginia Register Volume 22, Issue 21, eff. July 26, 2006; amended, Virginia Register Volume 30, Issue 7, eff. January 31, 2014.

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