Financial Aid and Loans for Private Forest Owners Fighting Pine Beetle Outbreaks.
This Act establishes new financial assistance programs and emergency loans for private forest landowners and timber service businesses affected by pine beetle infestations. Landowners can receive up to 85% of response costs, provided their land is located in a drought-designated disaster county. The goal is to quickly restore forest health and support local forestry enterprises.
Key points
Private forest landowners can receive payments covering up to 85% of the costs for pine beetle response measures (e.g., harvesting, thinning, insecticide treatment).
Timber service businesses are eligible for payments covering up to 50% of their itemized operational costs incurred during response efforts.
Emergency loans are available to landowners, covering at least 75% of the estimated total cost of necessary response measures.
Eligibility requires the land to be located in a county designated as a primary natural disaster area due to recent drought.
Expired
Additional Information
Print number: 118_S_3838
Sponsor: Sen. Hyde-Smith, Cindy [R-MS]
Process start date: 2024-02-29