INFLUENCE OF THE FOREST FOCUSED LEGISLATION ON THE INVESTMENTS IN FOREST SECTOR OF THE FEDERATION OF BOSNIA AND HERZEGOVINA - CASE STUDY UNA-SANA CANTON

UDK: 630*9(497.6 Unsko-sanski kanton)“2003/2013“ Investments in forest sector represent an important issue that is regulated by legislation. Legislative framework that regulate forest sector in the Federation of Bosnia and Herzegovina has been changing recently - from the Law on Forests of the Federation of Bosnia and Herzegovina (2002 – 2009), Forest Regulation of the Federation of Bosnia and Herzegovina (2009 – 2012) and finally cantonal Laws on Forests (2012 to date). Cantonal laws currently represent the only valid legislative documents that regulate forest sector in the Federation of Bosnia and Herzegovina. This paper analyse the investments in the public forests at the territory of Una-Sana Canton, managed by forest management enterprises "Unsko-sanske šume", within the period 2003-2013 in dependence of the valid legislative frameworks. Having in mind the various regulations that prescribed the financing of the biological investments, scope and structure of the performed activities together with the amount of invested funds have varied between particular periods. The biggest share in total investments to forest sector belongs to the silvicultural measures (66%) and forest road construction (17%). The analysis included the trend of realised biological investments and invested funds. It reveals the mutual incompatibility that causes the differences in unit costs of biological investments in various periods. This implies the need for creation and implementation of unique methodology for cost calculation respecting the basic principles of econometrics. Conducted analysis indicated that previous legislative frameworks did not prescribe appropriate financing model. One should bare in mind this fact during the prescription of new financing model in the ongoing proposal of new Law on Forests of the Federation of Bosnia and Herzegovina.