As Amended
SEC. 49-19-27. Tree Seedling Revolving Fund; reforestation.
(1) There is created in the State Treasury a fund designated as the Tree Seedling Revolving Fund to be used by the State Forestry Commission to contract for the production or purchase of tree seedlings, from public or private nurseries, for resale to Mississippi landowners for reforestation.
(2) The Tree Seedling Revolving Fund shall be funded by monies received from the sale of contract seedlings to Mississippi landowners. Monies collected from such sales shall be deposited into the Tree Seedling Revolving Fund. The State Treasurer shall make disbursements therefrom for payment of production or purchase of seedlings upon requisition by the Forestry Commission and upon the issuance of warrants therefor by the Department of Finance and Administration.
(3) The Tree Seedling Revolving Fund is created to supplement the State Forestry Commission's seedling production capacity and not for its replacement.
(4) This section shall be repealed on July 1, 2000, and any funds remaining in the Tree Seedling Revolving Fund after all payments for the production or purchase of seedlings have been made shall revert to the State General Fund.
SOURCES: Laws, 1987, ch. 351, eff from and after passage (approved March 18, 1987), and shall stand repealed from and after July 1, 1994. Reenacted and amended, Laws, 1994, ch. 648, Sec. 1, eff from and after July 1, 1994 and shall stand repealed July 1, 2000