Oregon Administrative Rules
Chapter 141 - DEPARTMENT OF STATE LANDS
Division 15 - PROCEDURES GOVERNING DEFAULTS ON COMMON SCHOOL
Section 141-015-0010 - Default - Future Bidding

Universal Citation: OR Admin Rules 141-015-0010

Current through Register Vol. 63, No. 9, September 1, 2024

(1) Except where the purchaser posts security as provided in OAR 141-015-0030, or except as may be otherwise provided in these rules, any purchaser of timber from Common School Forest Lands or any assignee of such purchaser who defaults on a contract with the Forester for the purchase of Common School Forest Lands timber shall not thereafter be permitted to bid any Common School Land timber sale conducted by the department including a sale involving the timber in default until the state is reimbursed for all damages and expense incurred by it as a result of the default.

(2) In the case of a contract for the sale of timber which includes both Common School Forest Lands and other lands, this rule shall apply only if the timber on the Common School Forest Lands predominates in value.

Stat. Auth.: ORS 273

Stats. Implemented: ORS 273.521

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