Act to amend Chapter 20 of the Revenue and Finance Law, Title 36, Volume VI of the Liberian Code of Laws revised, with respect to the assessment and collection of local stumpage, industrialization incentive, forest products, reforestation and other forestry related fees

An Act To Amend iChapter 20 Of The Revenue And Finance Law, T;itle 36. Volume VI Of The Liberian Code qf Laws R$vised. With Respect To The' Assessment 1And; Collection Of Local Stumpage. Industralization In.cendve, Forest Predoets. Reforesta tion AnGj Other Forestry Related Fees. ~eotion 1. That :from ~Dd immedia.tely after the paEsage of this Act, Section 20.6 of Chapter 20 of the Revenue and Finance Law, &II oont"ined in Title ~6. V(jll1Iue VI of the Liberian code of [Ja.W8 Revised be and sa':~e: ill heteby ampnded \0 read 808 follows: , ' Section 20.6. A.8~eiSmQnt a.nd; Collection of Feel. (1) The fees to be paid accordi~1tp Seclion 2O~, 20.S, 00.4 Mid 20.5 of thrs Chapt~r Bod ~\l 9. ,,' Foreslry related fees sha.ll be assessed and collected by the "otbs~ry:Development AUlbpri~y. All such fees shell he deposited ;intp a ~put3bIH bank wiUiin the Republic of Liberia, and withd'fa~ats thereof shall ooly be made upon approval of the President of rJiberia.. (t)· The fees to I be a¥E:8sed,~d collected ,un4er this Chapter shan be used by the F1:>restrf nlveloprneni Authority for reforesta tlon projects and other for$try related purposes. Seotion !2. This ~c~ shall lake effect immediately upon publica 'ion in hed-billa.; Any law to the oon\r&l, nohritb~~lDg. ADprovekl: OOtcbut).... PU~ish,.dbJ' Gove~m,. nt ~r inS 0, CII,' MiQist Of F,.. ;.~ nr,ow..! , ctober ~y t987