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43 C.F.R. § 5424.1   Reporting provisions for substitution determination.

Title 43 - Public Lands: Interior

Title 43: Public Lands: Interior
PART 5420—PREPARATION FOR SALE
Subpart 5424—Preparation of Contract

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§ 5424.1   Reporting provisions for substitution determination.

(a) To determine whether substitution has occurred, the authorized officer may require that information identified in the contract be reported by:

(1) A purchaser who has exported private timber within one year preceding the purchase date of Federal timber, and/or

(2) An affiliate of a timber purchaser who exported private timber within one year before the acquisition of Federal timber from the purchaser.

(b) Purchasers or affiliates of purchasers shall retain a record of Federal timber acquisitions and private timber exports for three years from the date the activity occurred.

(Information collection requirements contained in paragraph (a) were approved by the Office of Management and Budget under control number 1004–0058)

[46 FR 29263, June 1, 1981]

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