HF 1008

as introduced - 89th Legislature (2015 - 2016) Posted on 02/18/2015 11:17am

A bill for an act
relating to natural resources; modifying interest rates applicable to timber permit
extensions; amending Minnesota Statutes 2014, section 90.193.

BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:

Section 1.

Minnesota Statutes 2014, section 90.193, is amended to read:

90.193 EXTENSION OF TIMBER PERMITS.

The commissioner may, in the case of an exceptional circumstance beyond the
control of the timber permit holder which makes it unreasonable, impractical, and not
feasible to complete cutting and removal under the permit within the time allowed, grant
one regular extension for one year. A written request for the regular extension must be
received by the commissioner before the permit expires. The request must state the reason
the extension is necessary and be signed by the permit holder. An interest rate of deleted text begin eight deleted text end new text begin
four new text end percent may be charged for the period of extension.