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e-CFR data is current as of February 26, 2021

Title 43Subtitle BChapter IISubchapter EPart 5460Subpart 5461 → §5461.3


Title 43: Public Lands: Interior
PART 5460—SALES ADMINISTRATION
Subpart 5461—Contract Payments


§ 5461.3   Total payment.

The total amount of the contract purchase price must be paid prior to expiration of the time for cutting and removal under the contract. For a lump sum sale, the purchaser shall not be entitled to a refund even though the amount of timber cut, removed, or designated for cutting may be less than the estimated total volume shown in the contract. For a scale sale, if it is determined after all designated timber has been cut and measured that the total payments made under the contract exceed the total sale value of the timber measured, such excess shall be refunded to the purchaser within 60 days after such determination is made.

[85 FR 82375, Dec. 18, 2020]

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