Modifying expiration dates affecting the department of natural resources' timber sale program.
Summary
Stays for five years the set decrease in the maximum amount of timber that can be sold by the Department of Natural Resources (DNR) through their contract harvesting program.
Stays for five years the set decrease in the maximum amount of money that can be held in the Contract Harvest Revolving Account.
Allows, for five more years, the DNR to set the final appraised value for the purposes of an auction based on the current market prices for the valuable material in question.
Provides five more years of authority to the DNR to give consideration to requests from timber purchasers when the purchasers request timber sale extensions or other flexible options in the execution of a timber sale contract designed to avoid a contract default.
From the House Bill Report (SB 5337), written by the Legislature's nonpartisan staff. Read the full report ↗