FISCAL NOTE

House Bill 463 as passed the House of Representatives proposes a Constitutional Amendment which, if ratified, would increase the administrative obligations of the Department of Conservation and Natural Resources to market carbon credits for at least 50% of all Forever Wild Land Trust property located in Coosa County. This bill would also increase receipts to the Coosa County general fund by an undetermined amount dependent on the amount of income from carbon credits generated from the management of Forever Wild Forest resources located in Coosa County, as provided by this bill.

This bill would also increase the proclamation expenses of the Governor, paid from the State General Fund, by either an estimated $1,500 or $100,000 for the fiscal year ending September 30, 2023, dependent upon if voted on locally or statewide, respectively.