In determining the adjusted tax that would have been assessed, the tax rate to be used is computed by adding the additional school support required by the modified state valuation attributable to the increased valuation of forest land to the original tax committed and dividing this sum by the modified total municipal valuation. The adjusted tax rate is then applied to the valuation of forest land based on the undeveloped acreage valuations, adjusted by the certified ratio, to determine the adjusted tax.

B. The municipal savings in educational costs is determined by multiplying the school subsidy index by the change in state valuation attributable to the use of the valuations determined in accordance with this subchapter on classified forest lands rather than their valuation using the undeveloped acreage valuations used in the state valuation then in effect.

Sec. CCC-2. Appropriations and allocations. The following appropriations and allocations are made.

ADMINISTRATIVE AND FINANCIAL SERVICES,

DEPARTMENT OF

Tree Growth Tax Reimbursement 0261

Initiative: Reduces funds to reflect statutory change to timing of payments from the Tree Growth Reimbursement Account, as provided in this Part. Funds appropriated for fiscal year 2005- 06 are deappropriated and effectively moved to fiscal year 2006- 07 by partial deappropriation of previous appropriation for 2006- 07.

GENERAL FUND 2005-06 2006-07

All Other ($5,400,000) ($100,000)

__________ __________

GENERAL FUND TOTAL ($5,400,000) ($100,000)

PART DDD

Sec. DDD-1. Appropriations and allocations. The following appropriations and allocations are made.

ADMINISTRATIVE AND FINANCIAL SERVICES,

DEPARTMENT OF