This Act abolishes the Annual Land Rental Bid Premium paid on Contract Areas and provides that export fees payment on logs and processed wood products are merged into stumpage/production fee. In lieu of the abolished Premium, the Forestry Development Authority (FDA) is authorized to levy, through Regulations, a special production-based fee (stumpage premium) to compensate for revenue loss associated with the cancellation of Annual Land Rental Bid Premium. The FDA is by this Act authorized to ens