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be paid, distributed, and prorated, except as otherwise provided in 1 this section, to the various funds in the same manner as general 2 taxes are paid and distributed during the year of payment. However, 3 in order to test county flexibility in distributing state forestland 4 revenue, a county may in its discretion pay, distribute, and prorate 5 payments made under this subsection of moneys derived from state 6 forestlands acquired by exchange between July 28, 2019, and June 30, 7 2020, for lands acquired through RCW 79.22.040, within the same 8 county, in the same manner as general taxes are paid and distributed 9 during the year of payment for the former state forestlands that were 10 subject to the exchange. 11 (iii) Any balance remaining, paid to a county with a population 12 of less than sixteen thousand, must first be applied to the reduction 13 of any indebtedness existing in the current expense fund of the 14 county during the year of payment. 15 (iv) With regard to moneys remaining under this subsection 16 (1)(a), within seven working days of receipt of these moneys, the 17 department shall certify to the state treasurer the amounts to be 18 distributed to the counties. The state treasurer shall distribute 19 funds to the counties four times per month, with no more than ten 20 days between each payment date. 21 (b) For state forestlands acquired through RCW 79.22.010 or by 22 exchange for lands acquired through RCW 79.22.010, except as provided 23 in RCW 79.64.120: 24 (i) Fifty percent shall be placed in the forest development 25 account. 26 (ii) Fifty percent shall be prorated and distributed to the state 27 general fund, to be dedicated for the benefit of the public schools, 28 to the county in which the land is located or, for counties 29 participating in a land pool created under RCW 79.22.140, to each 30 participating county proportionate to its contribution of asset value 31 to the land pool as determined by the board, and according to the 32 relative proportions of tax levies of all taxing districts in the 33 county. The portion to be distributed to the state general fund shall 34 be based on the regular school levy rate under RCW 84.52.065 (1) and 35 (2) and the levy rate for any school district enrichment levies. With 36 regard to the portion to be distributed to the counties, the 37 department shall certify to the state treasurer the amounts to be 38 distributed within seven working days of receipt of the money. The 39 state treasurer shall distribute funds to the counties four times per 40 p. 707 ESSB 5187.SL