Section 20.02.14.031 - TIMBER SALE AUCTIONS01.Requirements. Timber and Delivered Products sales must be sold at public auction.02.Requirements for Bidding. Bidders must: a. Present a bid deposit in a form acceptable to the State in the amount of ten percent (10%) of the net appraised value.b. Not be delinquent on any payments to the State at the time of sale.c. Not be a minor as defined in Section 32-101, Idaho Code.d. If a foreign corporation, have a completed and accepted foreign registration statement with the secretary of state and comply with Title 30, Chapter 21, Part 5, Idaho Code in order to do business in Idaho and be eligible to bid on and purchase State timber.Idaho Admin. Code r. 20.02.14.031