F-4.1 - Forest Act

Full text
218. The indemnity paid to a person contemplated in section 217 shall be equal to the residual value of the permanent works, inventory, management and survey work and other improvements, for timber harvesting and which may be of use to another forest operator, effected by that person on the cancelled timber limit before 13 November 1986. The residual value shall be established according to the method prescribed by regulation of the Government.
Where a timber supply and forest management agreement is awarded to the person in respect of the same territory, in whole or in part, as that under the cancelled timber limit, the compensation provided for in the preceding paragraph is decreased by the undepreciated capital cost of the works and improvements that will continue to be used for the purposes of the timber supply and forest management agreement.
1986, c. 108, s. 218.