- (a) A contract under this chapter must state the date upon which the severance or extraction of timber or material under the contract is to be completed.
(b) A contract may be extended before its expiration if the director determines that the
- (1) delay in completing the contract is due to unforeseen events beyond the purchaser's control, but not including events that a prudent bidder would take into account such as market fluctuations, equipment failures, or typical weather conditions; or
- (2) extension is in the best interests of the state.
- (c) A written request for a timber sale contract extension must be submitted to the Division of Forestry and Fire Protection at least 30 days before the contract expiration date. A contract extension may not exceed one year.
(Eff. 7/20/60, Register 1; am 6/24/62, Register 5; am 7/2/82, Register 83; am 3/15/97, Register 141; am 2/8/2001, Register 157)
Authority: AS 38.05.020, AS 38.05.115