R850-70-1200. Long-Term Agreements

The agency may enter into a long-term agreement (LTA) that guarantees a purchaser an annual quantity of forest products over a set period. An LTA must meet the following criteria: 1. it must be competitively offered pursuant to Section R850-70-610 or R850-70-620; 2. it cannot be longer than ten years; 3. it cannot prohibit the agency from offering the same forest products on the same lands to other purchasers; 4. it must require reappraisal and adjustment of the sales price; 5. it cannot prohibit concurrent resource management activities and uses on the covered lands; 6. it must allow for early termination; and 7. it must require the purchaser to sign a forest products sales contract pursuant to Section R850-70-700 for each sale offered under the LTA.