Or. Admin. Code § 150-315-0016

Current through Register Vol. 63, No. 12, December 1, 2024

Section 150-315-0016 - Change of Ownership

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.

Or. Admin. Code § 150-315-0016

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

Stat. Auth.: ORS 305.100

Stats. Implemented: ORS 315.104