11 AAC 71.070 - Pre-sale deposits for negotiated timber sales
(a) In addition to
the deposit required under
11 AAC 71.045, if any, the
director will, in his discretion, require an applicant for a negotiated timber
sale under
11 AAC 71.035 to deposit an amount
equal to the estimated cost of the appraisal, survey, and advertising required
under this chapter.
(b) If the
division awards the sale to the applicant, the division will credit the money
deposited under this section to the amount owed the state for stumpage under
the terms of the sale.
(c) If the
division does not award the sale to the applicant, the division will refund the
money deposited under this section which has not been spent to the
applicant.
Notes
Authority:AS 38.05.020
AS 38.05.110
AS 38.05.115
AS 38.05.120
AS 38.05.860
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.