What happens to existing timber sale licences?
Existing timber sales were priced and awarded on a competitive basis and will run to the end of their term. New timber sale licences will be limited to a maximum term of four years. In support of the new pricing system, excessive market speculation will be minimized by limiting extension terms and requiring a fee for the extension of cutting permits and timber sale licences. This provides greater certainty and predictably of government revenues as well as more efficient achievement of forest development and silviculture operations conducted through BCTS.
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