Federal Forests County Revenue, Schools, and Jobs Act of 2012

[AI summary unavailable — showing source text] Federal Forests County Revenue, Schools, and Jobs Act of 2012 - Establishes the County, Schools, and Revenue Trust to provide a dependable source of revenue for each participating beneficiary county containing National Forest System land that was eligible to receive payments under the Secure Rural Schools and Community Self-Determination Act of 2000. Requires County, Schools, and Revenue Trust Projects to generate amounts sufficient to satisfy the annual revenue requirement established for units of the National Forest System. Permits Trust Projects to include projects involving timber sales, mineral development, power generation, and community wildfire protection plans. Allows the Secretary to designate any project that is conducted in response to a catastrophic event in a System unit as a Trust Project. Requires 65% of the amounts derived from a Trust Project to be deposited in the County, Schools, and Revenue Trust and 35% of the amounts derived from a Trust Project to be deposited in the general fund of the Treasury for use by the Forest Service. Entitles counties or other eligible units of local government in which U.S.-owned entitlement land is located to certain payments unde…