Financial Aid and Loans for Emergency Pine Beetle Outbreak Response.
This law establishes new financial assistance programs for private forest owners and timber service businesses affected by pine beetle infestations. Citizens can receive up to 85% cost-share for emergency forest restoration measures and apply for emergency loans. The goal is to ensure a rapid response to natural disasters and protect vital forest resources, especially in drought-stricken areas.
Key points
Private forest landowners can receive up to 85% reimbursement for costs related to outbreak response measures (e.g., harvesting, insecticide treatment).
Timber service businesses (e.g., logging, equipment operation) can receive up to 50% reimbursement for eligible costs incurred during response services.
Emergency loans covering at least 75% of estimated response costs are available, with the option to use subsequent cost-share payments to reduce the loan principal.
Eligibility requires the land to be located in a county designated as a primary natural disaster area due to drought in the most recent calendar year.
Expired
Additional Information
Print number: 118_HR_8024
Sponsor: Rep. Kelly, Trent [R-MS-1]
Process start date: 2024-04-16