11 AAC 71.070. Pre-sale deposits for negotiated timber sales

(a) In addition to the deposit required under 11 AAC 71.045, if any, the director will, in his discretion, require an applicant for a negotiated timber sale under 11 AAC 71.035 to deposit an amount equal to the estimated cost of the appraisal, survey, and advertising required under this chapter.

(b) If the division awards the sale to the applicant, the division will credit the money deposited under this section to the amount owed the state for stumpage under the terms of the sale.

(c) If the division does not award the sale to the applicant, the division will refund the money deposited under this section which has not been spent to the applicant.

History: Eff. 7/20/60, Register 1; am 6/24/62, Register 5; am 7/2/82, Register 83

Authority: AS 38.05.020

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