Oregon Administrative Rules
Chapter 629 - DEPARTMENT OF FORESTRY
Division 22 - FOREST RESOURCE TRUST
Section 629-022-0410 - Remedies for Breach of Contract

Universal Citation: OR Admin Rules 629-022-0410

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

Remedies for Breach of Loan Program Contract

(1) The Landowner must pay liquidated damages for a breach of contract by repaying all Trust funds, with interest as calculated in OAR 629-022-0300(2).

(2) At any time Forest Products are harvested in breach of contract, the Landowner must pay liquidated damages in the form of a breach penalty.

(3) In addition to any other right as provided by law, the State Forester may assign a liquidated and delinquent account, as defined by the Oregon Accounting Manual, to the Department of Revenue or to a private collection agency.

(4) The breach penalty in section (2) of this rule may include a reasonable administrative fee to recover the cost of collection services and other related costs, as described in ORS 293.231 through 293.250.

Stat. Auth.: ORS 526.700 - 526.730 & 526.745

Stats. Implemented: ORS 526.695 - 526.775

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