federal_register: 97-34051
Data license: Public Domain (U.S. Government data) · Data source: Federal Register API & Regulations.gov API
This data as json
| document_number | title | type | abstract | publication_date | pub_year | pub_month | html_url | pdf_url | agency_names | agency_ids | excerpts |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 97-34051 | Timber Sale Contracts; Change in Stumpage Rate Adjustment Procedure | Notice | The Forest Service gives notice of adoption of a revised stumpage rate adjustment procedure, by which rates bid on timber can be adjusted in response in market changes after the contract is awarded. The procedure will be applied to most timber sale contracts in the western States. In an August 7, 1996, Federal Register notice (61 FR 41124), the Forest Service proposed eliminating the stumpage rate adjustment procedure entirely. After considering the public comment, the Forest Service has decided to continue to use stumpage rate adjustment in timber sale contracts, but to modify the procedures so that 100 percent of the difference between current and base lumber price indices is added to tentative rates during periods of increasing lumber prices and 100 percent of the difference is subtracted from tentative rates during periods of declining prices. The effect of this change is to equalize the risk of lumber price fluctuations between purchasers and the Forest Service on future timber sale contracts and, thereby, satisfy Office of Inspector General audit recommendations. | 1997-12-31 | 1997 | 12 | https://www.federalregister.gov/documents/1997/12/31/97-34051/timber-sale-contracts-change-in-stumpage-rate-adjustment-procedure | https://www.govinfo.gov/content/pkg/FR-1997-12-31/pdf/97-34051.pdf | Agriculture Department; Forest Service | 12,209 | The Forest Service gives notice of adoption of a revised stumpage rate adjustment procedure, by which rates bid on timber can be adjusted in response in market changes after the contract is awarded. The procedure will be applied to most timber sale... |