40.5 - Added definitions used in timber appraisal. 45.11 - Added direction to choose appraisal points where the manufacturing facility is capable of processing the end product that is being appraised. 45.2 - Removes the restriction on using transaction evidence appraisals in Alaska. 45.31 - Clarifies the basis for changing the length of the base period and adds direction for allocating bid premiums to species and products. 45.33 - Adds direction to avoid using percentage changes in lumber market index to estimate market change in stumpage values.
Direction related to roll-back factors is moved to sec.
Adds direction for establishing triggering mechanisms to identify when the roll-back factor should be changed, based on rapid market changes. 45.35 - Adds direction for the appraisal of species and products that have a negative value. 45.36 - Recodes section and adds direction that sale quality is a factor that must be reflected in transaction evidence appraisals. 45.4 - The caption for this section was changed. 45.42 - This section was formerly coded 45.43 and the caption was changed.