77-1-223. Forest land report to trust beneficiaries -- contents.
77-1-223. Forest land report to trust beneficiaries -- contents. The board shall annually prepare and provide to each beneficiary of a trust a separate financial report on the forested lands classified by 77-1-401 as Class 2 lands that are held in trust for the beneficiary. The report must include for each beneficiary:
(1) the total acreage of forested land held in trust;
(2) a summary of the asset value of the forested tracts held in trust;
(3) a calculation of the average return of revenue on asset value for the forested tracts held in trust; and
(4) a listing by each department land office of the total acreage of forested land administered for the trust beneficiary and a calculation of the average return of revenue on asset value for lands designated to the trust beneficiary.
History: En. Sec. 1, Ch. 462, L. 1999.