Source: http://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title16-section618&num=0&edition=prelim
Timestamp: 2018-03-25 05:35:45
Document Index: 294633392

Matched Legal Cases: ['§ 618', '§2', '§1', '§101', '§320', '§101', '§320']

[USC07] 16 USC 618: Timber contract payment modification
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16 USC 618: Timber contract payment modification Text contains those laws in effect on March 24, 2018
(3)(A) Sums collected by the appropriate Secretary in connection with the buy-out of contracts pursuant to this subsection shall be deposited in and paid from the Treasury in the same manner as moneys received from timber sales from such lands and shall be determined as follows: The purchaser's loss on any qualifying timber sales contracts shall be determined by the Forest Service or the Bureau of Land Management by subtracting the current delivered log value (as determined by such agency) from the delivered log cost based on the current contract return (as determined by such agency) of any such contracts. If such loss is-
( Pub. L. 98–478, §2, Oct. 16, 1984, 98 Stat. 2213 .)
This Act, referred to in subsec. (a)(4)(B), (7)(C), is Pub. L. 98–478, Oct. 16, 1984, 98 Stat. 2213 , which enacted sections 539f, 618, and 619 of this title and provisions set out as a note under this section. For complete classification of this Act to the Code, see Short Title note below and Tables.
Pub. L. 98–478, §1, Oct. 16, 1984, 98 Stat. 2213 , provided: "That this Act [enacting this section and sections 539f and 619 of this title] may be cited as 'Federal Timber Contract Payment Modification Act'."
Pub. L. 99–500, §101(h) [title III, §320], Oct. 18, 1986, 100 Stat. 1783–242 , 1783-286, and Pub. L. 99–591, §101(h) [title III, §320], Oct. 30, 1986, 100 Stat. 3341–242 , 3341-287, provided that: "To assure that National Forest and Bureau of Land Management timber included in sales defaulted by the purchaser, or returned under the Federal Timber Contract Payment Modification Act (Public Law 98–478) [see Short Title note above], is available for resale in a timely manner, such sales shall be subject only to one level of administrative appeal. This limitation shall not abridge the right of judicial review. Actions on such administrative appeals should be completed within 90 days of receipt of the notice of appeal. Sales that are reoffered shall be modified, including minor additions or deletions, as appropriate, to reduce adverse environmental impacts, pursuant to current land management plans and guidelines, and such modifications in themselves should not be construed to require the preparation of new or supplemental environmental assessments. This section shall not apply to any decision on the determination of damages due to the Government for defaulted or canceled contracts."