As used in conjunction with these rules, the following terms shall have the meanings indicated, except where the context clearly indicates otherwise:
(1) "Applicant" means the individual or organization who submits the original request and associated documentation for a timber conservation license in lieu of a sale.
(2) "Bidder" means any qualified individual or organization who submits a monetary offer to purchase a timber conservation license in lieu of a sale.
(3) "Biological infestation" means any situation where animals, insects, or diseases are present in sufficient amounts to threaten mortality to 25% or more of the standing live trees.
(4) "Deferred stumpage value" means the value of the stumpage that will be foregone as a result of not selling timber for harvest.
(5) "Department" means the department of natural RESOURCES AND CONSERVATION.
(6) "Fire or other damage" means damage to the trees by fire or other natural agents that cause the tree to die.
(7) "Forest improvement fees" means fees collected for the forest improvement program.
(8) "Minimum asking price" means the lowest purchase price per volume of wood the department will accept on a timber sale.
(9) "Sale-scoping announcement" means the initial public notification of the department's intent to develop a timber sale.
(10) "Timber conservation license" means a temporary agreement restricting the harvest of timber on a state timber sale but not prohibiting other forms of use and management of the land and timber by the state.
(11) "Trust beneficiaries" means those institutions that receive revenue from the management of lands and RESOURCES granted to the state under the enabling and subsequent acts.
(12) "Wind throw" means trees blown to the ground by high winds.
History: 77-5-201, MCA; IMP, 77-5-208, MCA; NEW, 2003 MAR p. 2874, Eff. 12/25/03.