Section 669-30-4 - PRIVATE BOND REQUIREDA. Prior to conducting timber harvesting activities, any person who has been adjudicated two or more times for violations of Title 17, section 2510, subsection 1 (unlawful cutting of trees) during the five years prior to conducting any new timber harvesting activities shall deposit cash, a surety bond, a certified check, or other form acceptable to the seller in the amount of $500,000 or the value of the standing timber on the parcel, whichever is greater, as a bond to assure proper performance.B. The performance bond is to be held by the seller until the purchaser has completed or complied with all contract conditions.C. Upon breach of any condition of the contract between the seller and the purchaser, the performance bond shall be applied to actual damages incurred by the seller. Damages must be determined by the bureau.D. The performance bond (or any balance after damages are deducted) shall be returned to the purchaser within sixty days of the completion of the timber harvesting activities consistent with the contract, if the purchaser notifies the seller in writing that the harvest is finished.01- 669 C.M.R. ch. 30, § 4