Current through Register Vol. 24-18, September 15, 2024
(1) Following the conclusion of
each calendar quarter, the department shall establish the amount of
each market index for that quarter for the species of timber listed
below. These species are determined to be major species, for which
reasonably available and reliable market price information is
available. Each index amount shall be established by extracting from
the appropriate Western Wood Products Association index the quarterly
average prices per thousand board feet. The major species will be
indexed to the following indexes:
(a) Douglas fir and larch. For
Douglas fir situated west of the cascade crest, the market index
shall be the appropriate quarterly price extracted from the "Douglas
fir" index of the Coast publication. For Douglas fir and larch
situated east of the cascade crest, the market index shall be the
appropriate quarterly price extracted from the "dry Douglas
fir-larch" index of the Inland publication. Larch situated west of
the cascade crest is not a major species and shall not be subject to
adjustment of the contract bid price.
(b) Hemlock/true fir. For the
hemlocks and true firs situated west of the cascade crest, the market
index shall be the appropriate quarterly price extracted from the
"hem-fir" index of the Coast publication. For the hemlocks and true
firs situated east of the cascade crest, the market index shall be
the appropriate quarterly price extracted from the "white fir
(hem-fir)" index of the Inland publication.
(c) Ponderosa pine. For ponderosa
pine situated east of the cascade crest, the market index shall be
the appropriate quarterly price extracted from the "coast-inland
north ponderosa pine" index of the Inland publication. Ponderosa pine
situated west of the cascade crest is not a major species and is not
subject to adjustment of the contract bid price.
(d) White pine. For white pine
situated east of the cascade crest, the market index shall be the
appropriate quarterly price extracted from the "Idaho white pine"
index of the Inland publication. White pine situated west of the
cascade crest is not a major species and is not subject to adjustment
of the contract bid price.
(e) Engelmann spruce and lodgepole
pine. For Englemann spruce and lodgepole pine situated east of the
cascade crest, the market index shall be the appropriate quarterly
price extracted from the "white woods" index of the Inland
publication. Englemann spruce and lodgepole pine situated west of
cascade crest are not major species and are not subject to adjustment
of the contract bid prices.
(2) Other species not indexed.
Species other than those listed above are not major species. There is
no readily available and reliable market information for such species
and they are not subject to adjustment of the contract bid
price.
(3) Cull volume
not indexed. Cull logs, including utility logs as defined in the
contract, of all species are not major species. There is no readily
available and reliable market information for such logs and they are
not subject to adjustment of the contract bid price.
Statutory Authority: RCW 79.01.126. 83-18-009
(Order 401), § 332-140-210, filed
8/26/83.
