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Committee approves forest-carbon registry bill with recording and penalties requirements
Summary
A committee substitute for Senate Bill 730 establishing a forest carbon registry administered by the Division of Forestry was agreed to; the bill requires recording of offset agreements with the registry and county courthouses and sets civil penalties for noncompliance.
The Senate Finance Committee voted March 27 to report committee substitute for Senate Bill 730 to the full Senate with a recommendation that it pass.
The bill would establish a forest carbon registry administered by the West Virginia Division of Forestry under the Department of Commerce. The registry would track properties encumbered by forest carbon offset agreements or projects and collect a legal description (with tax-map reference),…
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