43 CFR 5442.2
§ 5442.2 Resale of timber from uncompleted contract.
United States · 43 CFR — Public Lands: Interior · Status: effective
Cite this
- Citation
- 43 CFR 5442.2, § 5442.2 Resale of timber from uncompleted contract, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/214479
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Full text
(a) This section applies to the sale of timber only when 50 percent or more of the timber included in the sale is timber remaining from an uncompleted contract. A bid from a purchaser who held the uncompleted contract, or an affiliate of such purchaser, will be considered only if:
(1) The contract was not canceled because of breach by the purchaser, and
(2) The purchaser has made full payment of the total purchase price and any related charges by the expiration date.
(b) The purchaser who held the uncompleted contract, or affiliate of such purchaser, shall, upon execution of the resale contract, agree that the Bureau of Land Management shall retain the original payment for timber not removed under the uncompleted contract, less the cost of resale, as a credit toward the purchase price of the resale contract.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.