Section 29.1-111 - Sale of timber; portion of proceeds to be paid to localityA. The Director is authorized to manage and harvest timber on lands owned by the Board in accordance with the best timber and game management practices, and to sell the timber. Proceeds from the sale of such timber shall be deposited in the state treasury to the credit of the game protection fund.B. When the Director authorizes the selling of timber which is standing, or which has been cut from timber standing on land owned by the Board, the Board shall pay to the locality in which the standing timber is located twenty-five percent of the proceeds of the sale of the timber, after deducting the cost of any road constructed by the Department which is necessary for the sale of the timber.Code 1950, § 29-23; 1964, c. 532, § 29-23.01; 1987, c. 488.Amended by Acts 1987, § c. 488.Amended by Acts 1964, § c. 532, § 29-23.01.