A bill to amend chapter 2 of title 16 of the United States Code (respecting national forest) to provide a share of timber receipts to States for schools and roads.

Provides that 25 per cent of the gross value of timber harvested during any fiscal year from each national forest shall be paid by the Secretary of the Treasury to the State in which such national forest is situated, to be expended as the State legislature may prescribe for public schools and public roads of the county or counties in which such national forest is situated. States that in sale of logs, ties, poles, posts, cordwood, pulpwood, and other forest products the amounts made available for school and roads by this section shall be based upon the product of the volume of the sale times the selling price (formerly stumpage value). (Amends 16 U.S.C. 500)