Bill > HB2878

This bill authorizes the State Treasurer to issue up to $500 million in general obligation bonds to fund a new Strategic Carbon Sequestration and Forestry Sustainability Program. The program, to be established by the State Forestry Department, will focus on forest management strategies that help capture and store carbon dioxide from the atmosphere. Specifically, the program will facilitate public-private partnerships for forest rehabilitation and reforestation, and promote forest management practices that encourage longer-term forest growth cycles. A dedicated advisory board will be appointed by the State Board of Forestry to provide guidance on the program's implementation. The bonds will be issued for the biennium beginning July 1, 2025, with proceeds deposited in the State Treasury and used exclusively for the program's objectives. This initiative aims to support sustainable forestry practices and contribute to carbon reduction efforts by leveraging both public and private sector resources to enhance forest carbon sequestration capabilities.

Agriculture and Natural Resources

https://olis.oregonlegislature.gov/liz/2025R1/Measures/Overview/HB2878