HF 4484 Summary

• Allows early withdrawal from the Sustainable Forest Incentive Act without penalty when state, local government, or eminent domain entities acquire land title or possession for public purposes.

• Permits early withdrawal without penalty when a government or nonprofit entity acquires a permanent conservation easement that is at least as restrictive as the covenant required under the program.

• Authorizes early withdrawal without penalty for land acquired or leased by the state or political subdivisions for the public purpose of constructing a paved trail.

• Allows early withdrawal without penalty for land proposed to be conveyed to initiate the Boundary Waters Canoe Area Wilderness private forest land alternative with the United States Department of Agriculture and a nonprofit partner.

• Retains existing withdrawal provisions requiring landowners to maintain enrollment for at least one-half the covenant's minimum duration and prohibiting re-enrollment for three years after withdrawal.