If there is a change of ownership between when the project is completed and when the forest is established, only the initial owner (investor) will qualify for the total credit. If the forest is not established, the initial owner must repay the initial credit. The new owner does not qualify for any credit for the project the initial owner started.

Statutory/Other Authority

ORS 305.100

Statutes/Other Implemented

ORS 315.104

History

Renumbered from 150-315.104(5), REV 45-2016, f. 8-12-16, cert. ef. 9-1-16
RD 7-1993, f. 12-30-93, cert. ef. 12-31-93, Renumbered from 150-316.094(6)
TC 8-1980, f. 11-28-80, cert. ef. 12-31-80