2004 Minnesota Statutes

     90.14 Auction sale procedure. 

    (a) All state timber shall be offered and sold by the same 
 unit of measurement as it was appraised.  The sale shall be made 
 to the person who (1) bids the highest price for all the several 
 kinds of timber as advertised, or (2) if unsold at public 
 auction, to the person who purchases at any subsequent sale 
 authorized under section 90.101, subdivision 1.  The 
 commissioner may refuse to approve any and all bids received and 
 cancel a sale of state timber for good and sufficient reasons.  

    (b) The purchaser at any sale of timber shall, immediately 
 upon the approval of the bid, or, if unsold at public auction, 
 at the time of purchase at a subsequent sale under section 
 90.101, subdivision 1, pay to the commissioner a down payment of 
 15 percent of the appraised value.  In case any purchaser fails 
 to make such payment, the purchaser shall be liable therefor to 
 the state in a civil action, and the commissioner may reoffer 
 the timber for sale as though no bid or sale under section 
 90.101, subdivision 1, therefor had been made. 

    (c) In lieu of the scaling of state timber required by this 
 chapter, a purchaser of state timber may, at the time of payment 
 by the purchaser to the commissioner of 15 percent of the 
 appraised value, elect in writing on a form prescribed by the 
 attorney general to purchase a permit based solely on the 
 appraiser's estimate of the volume of timber described in the 
 permit, provided that the commissioner has expressly designated 
 the availability of such option for that tract on the list of 
 tracts available for sale as required under section 90.101.  A 
 purchaser who elects in writing on a form prescribed by the 
 attorney general to purchase a permit based solely on the 
 appraiser's estimate of the volume of timber described on the 
 permit does not have recourse to the provisions of section 
 90.281. 

    HIST: (6394-16) 1925 c 276 s 16; 1961 c 202 s 13; 1967 c 110 s 
 2; 1986 c 444; 1987 c 109 s 7; 2000 c 485 s 3; 2003 c 73 s 4; 
 2004 c 241 s 7