- 1. it must be competitively offered pursuant to Section R850-70-610 or R850-70-620;
- 2. it cannot be longer than ten years;
- 3. it cannot prohibit the agency from offering the same forest products on the same lands to other purchasers;
- 4. it must require reappraisal and adjustment of the sales price;
- 5. it cannot prohibit concurrent resource management activities and uses on the covered lands;
- 6. it must allow for early termination; and
- 7. it must require the purchaser to sign a forest products sales contract pursuant to Section R850-70-700 for each sale offered under the LTA.
The agency may enter into a long-term agreement (LTA) that guarantees a purchaser an annual quantity of forest products over a set period. An LTA must meet the following criteria:
KEY: forest products, administrative procedures, timber
Date of Last Change: January 1, 2024
Notice of Continuation: November 22, 2022
Authorizing, and Implemented or Interpreted Law: 53C-1-302(1); 53C-2-201(1)(a)