Utah Admin. Code 850-70-1200

Current through Bulletin 2024-12, June 15, 2024

Section R850-70-1200 - Long-Term Agreements

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:

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.

Utah Admin. Code R850-70-1200

Amended by Utah State Bulletin Number 2019-17, effective 8/7/2019

Adopted by Utah State Bulletin Number 2024-02, effective 1/1/2024