Page 707

prior to December 1, 1981, which have not been subjected to deduction 1 under this section are not subject to deduction under this section. 2 (3) Except as otherwise provided in subsection (5) of this 3 section, the deductions authorized under this section shall not 4 exceed twenty-five percent of the moneys received by the department 5 in connection with any one transaction pertaining to state lands and 6 aquatic lands other than second-class tide and shore lands and the 7 beds of navigable waters, and fifty percent of the moneys received by 8 the department pertaining to second-class tide and shore lands and 9 the beds of navigable waters. 10 (4) In the event that the department sells logs using the 11 contract harvesting process described in RCW 79.15.500 through 12 79.15.530, the moneys received subject to this section are the net 13 proceeds from the contract harvesting sale. 14 (5) During the 2015-2017, 2017-2019, 2019-2021, ((and)) 15 2021-2023, and 2023-2025 fiscal biennia, the board may increase the 16 twenty-five percent limitation up to thirty-two percent. 17 Sec. 944. RCW 79.64.110 and 2021 c 334 s 995 and 2021 c 145 s 3 18 are each reenacted and amended to read as follows: 19 (1) Any moneys derived from the lease of state forestlands or 20 from the sale of valuable materials, oils, gases, coal, minerals, or 21 fossils from those lands, except as provided in RCW 79.64.130, or the 22 appraised value of these resources when transferred to a public 23 agency under RCW 79.22.060, except as provided in RCW 79.22.060(4), 24 must be distributed as follows: 25 (a) For state forestlands acquired through RCW 79.22.040 or by 26 exchange for lands acquired through RCW 79.22.040: 27 (i) The expense incurred by the state for administration, 28 reforestation, and protection, not to exceed twenty-five percent, 29 which rate of percentage shall be determined by the board, must be 30 returned to the forest development account created in RCW 79.64.100. 31 During the 2017-2019, 2019-2021, ((and)) 2021-2023, and 2023-2025 32 fiscal biennia, the board may increase the twenty-five percent 33 limitation up to twenty-seven percent. 34 (ii) Any balance remaining must be paid to the county in which 35 the land is located or, for counties participating in a land pool 36 created under RCW 79.22.140, to each participating county 37 proportionate to its contribution of asset value to the land pool as 38 determined by the board. Payments made under this subsection are to 39 p. 706 ESSB 5187.SL