A-18.1 - Sustainable Forest Development Act

Section 88 Disposition versions

2013-04-09

88. The Minister may, on the conditions the Minister determines, grant a timber supply guarantee to a person or body that operates or plans to operate a wood processing plant, if the allowable cut is sufficient, if the volumes of timber available on the open market are large enough to assess the market value of timber from the forests in the domain of the State, and if the Minister is of the opinion that it is in the public interest and in keeping with the principle of sustainable development.

The Minister may also, on the same conditions, ask the timber market board to sell timber supply guarantees on the open market.

A person or body acquiring a plant that operates or operated under a timber supply guarantee, or the right to operate such a plant, is entitled to a guarantee only if the annual royalty, the amounts owing for timber purchased under the guarantee, and the assessments payable by the guarantee holder to the forest protection organizations certified by the Minister have been paid in full.

The third paragraph does not apply if the guarantee holder has made an assignment of property or is subject to a bankruptcy order under the Bankruptcy and Insolvency Act (R.S.C. 1985, c. B-3).

2010, c. 3, s. 88; 2013, c. 2, s. 16.

2010-04-01

88. The Minister may, on the conditions the Minister determines, grant a timber supply guarantee to a person or body that operates or plans to operate a wood processing plant, if the allowable cut is sufficient, if the volumes of timber available on the open market are large enough to assess the market value of timber from the forests in the domain of the State, and if the Minister is of the opinion that it is in the public interest and in keeping with the principle of sustainable development.

The Minister may also, on the same conditions, ask the timber market board to sell timber supply guarantees on the open market.

A person or body acquiring a plant that operates or operated under a timber supply guarantee, or the right to operate such a plant, is entitled to a guarantee only if the annual royalty, the amount from sales of the timber, and the assessments payable by the guarantee holder to the forest protection organizations certified by the Minister have been paid in full.

The third paragraph does not apply if the guarantee holder has made an assignment of property or is subject to a receiving order under the Bankruptcy and Insolvency Act (Revised Statutes of Canada, 1985, chapter B-3).

2010, c. 3, s. 88.