What do the terms “timber sale,” “service contract,” and “stewardship contracts” mean in the legislation and the direction?
A timber sale is the sale of commercial forest products, always with return of receipts to the U.S. Treasury. Service contracts are contracts for services (such as pre-commercial thinning, trail maintenance, and fuel reduction), that are funded with appropriated dollars, and do not return revenues to the U.S. Treasury. Stewardship Contracts are contracts by the FS and BLM for services (such as pre-commercial thinning, trail maintenance, and fuel reduction) in which some of the costs may be offset by the value of vegetative material removed and may not return revenues to the U.S. Treasury. In addition, any excess receipts could be used for other stewardship contracts.
Related Questions
- As overdrafts are not payment services, does that mean that none of the overdraft terms are part of the framework contract or covered by schedule 4?
- Do they use a sales contract to spell out the terms of the sale and allow each party to define their expectations of the transaction?
- What do the terms "timber sale," "service contract," and "stewardship contracts" mean in the legislation and the direction?
