Section 312 IAC 14-5-1 - Issuance of bond forfeitureAuthority: IC 25-36.5-1-9
Affected: IC 4-21.5-3-6; IC 25-36.5-1
Sec. 1.
The division director may, under IC 4-21.5-3-6, issue a notice of bond forfeiture for any of the following reasons:
(1) A timber buyer has failed, as determined following a completed proceeding under 312 IAC 14-6, to pay when due any amount owed to a timber grower for timber purchased.(2) A timber buyer has failed, as determined following a completed proceeding under 312 IAC 14-6, to pay damages for timber wrongfully cut by a timber buyer or an agent.(3) A notice of violation has been issued against a timber buyer under 312 IAC 14-4-2 and the timber buyer has failed to do either of the following:(A) Abates the violation.(B) Request administrative review of the notice of violation in a timely fashion. Provided, however, that the division director may forfeit bond where the opportunity for review is exhausted, and a determination is made with respect to a notice of violation which is adverse to a timber buyer.Natural Resources Commission; 312 IAC 14-5-1; filed May 27, 1997, 3:50 p.m.: 20 IR 2748; readopted filed Jul 28, 2003, 12:00 p.m.: 27 IR 286; readopted filed May 26, 2009, 11:21 a.m.: 20090624-IR-312090154RFAReadopted filed 9/30/2015, 11:55 a.m.: 20151028-IR-312150156RFAReadopted filed 5/19/2021, 4:16 p.m.: 20210616-IR-312210110RFA