104. A timber supply guarantee is granted for a five-year period. However, it may be granted for a shorter period if the Minister deems this necessary to facilitate forest planning in development units.
Unless otherwise specified by the guarantee holder, it is renewed, at expiry, for a period of five years, and subsequently for the same period every five years if the holder has performed the obligations set out in this Act and the guarantee.
2010, c. 3, s. 104; 2013, c. 2, s. 30.