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Secure Rural Schools and Community Self-Determination Act of 2000 (SRS Act)

A federal law that provides financial assistance to rural counties that contain federal forest lands, compensating them for the inability to collect property taxes on those lands and supporting local services and projects.

Federal Land

Land owned and managed by the U.S. government, such as national forests, national parks, and Bureau of Land Management lands.

Fiscal Year

A 12-month period that a government or business uses for budgeting and accounting. The U.S. federal government's fiscal year runs from October 1st to September 30th.

25-percent payment / 50-percent payment

Traditional payment systems where the federal government shares a percentage (25% or 50%) of revenues from timber sales or other resource extraction on federal lands with states and counties. The SRS Act often supplements or replaces these payments.

Resource Advisory Committee (RAC)

A local committee made up of diverse community members that provides advice to federal land managers on how to best manage specific federal lands and allocates funding for local projects.