1997 Minnesota Statutes

     90.162 Alternative to bond or deposit requirements. 

    In lieu of the bond or cash deposit required by section 
 90.161 or 90.173, a purchaser of state timber may, at the time 
 of the bid approval and upon payment by the purchaser to the 
 commissioner of 25 percent of the appraised value under section 
 90.14, elect in writing on a form prescribed by the attorney 
 general to prepay the purchase price for any designated cutting 
 block identified on the permit before the date the purchaser 
 enters upon the land to begin harvesting the timber. 

    HIST: 1991 c 61 s 1