The agreement between the final seller and the Division,
entered into in accordance with the above auction process, shall be upon such
terms and conditions as the Division may deem necessary. The agreement shall
provide for payment of the agreed upon sum within 30 days of the date of
execution of the agreement by the parties. Failure of a final seller to comply
with all terms of the agreement for the duration thereof shall be deemed a
violation of such agreement and this article and shall be subject to
enforcement by the Director as provided in this article.
(1) The permit holder or their representative
submitting offers must be eligible for participation in the irrigated acreage
reduction auction as evidenced by their holding a valid auction certificate for
each permit which is offered in the auction.
(2) Once the permittee has obtained an
auction certificate, the total amount of money due the holder in instances
where they are a Final Seller shall be determined by multiplying the accepted
offer price-per-acre times the number of acres covered by the certificate,
which is the certified number of irrigated acres allowed by a permit, or the
portion of certificate acres that the permittee has agreed to not irrigate as
defined in
391-3-28-.07(d)(1).
(3) For any final accepted offer, the
Director shall then inform the Authority that money in that amount shall be
debited from the Flint River Drought Protection Fund and disbursed to that
designated final seller.
(4)
Cumulative offers from final sellers may only be accepted by the Division up
to, but not exceeding, the total amount of money remaining in the drought
protection fund.
Notes
Ga. Comp. R.
& Regs. R.
391-3-28-.08
O.C.G.A. Sec.
12-5-540
et
seq.
Original Rule entitled
"Irrigated Acreage Reduction Auction" adopted. F. Jan. 20, 2006; eff. Feb. 9, 2006.
Repealed: New Rule entitled "Payments for Irrigated
Acreage Reductions" adopted. F. June 23,
2006; eff. July 13,
2006.
