[Code of Federal Regulations]

[Title 13, Volume 1]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 13CFR121.507]



[Page 327]

 

                TITLE 13--BUSINESS CREDIT AND ASSISTANCE

 

                CHAPTER I--SMALL BUSINESS ADMINISTRATION

 

PART 121_SMALL BUSINESS SIZE REGULATIONS--Table of Contents

 

           Subpart A_Size Eligibility Provisions and Standards

 

Sec. 121.507  What are the size standards and other requirements for 

the purchase of Government-owned timber (other than Special Salvage Timber)?



    (a) To be small for purposes of the sale of Government-owned timber 

(other than Special Salvage Timber) a concern must:

    (1) Be primarily engaged in the logging or forest products industry;

    (2) Not exceed 500 employees, taking into account its affiliates; 

and

    (3) If it does not intend at the time of the offer to resell the 

timber--

    (i) Agree that it will manufacture the logs with its own facilities 

or those of another business which meets the requirements of paragraphs 

(a)(1) and (a)(2) of this section;

    (ii) Agree that if it eventually resells the timber, it will resell 

no more than 30% of the sawtimber volume to other businesses which do 

not meet the requirements of paragraphs (a)(1) and (a)(2) of this 

section; and

    (iii) Agree that if it becomes acquired or controlled by a business 

which does not meet the requirements of paragraphs (a)(1) and (a)(2) of 

this section, it will require as a condition of the acquisition or 

change of control that the acquiring or controlling business resell at 

least 70% of the sawtimber volume to businesses which do meet the 

requirements of paragraphs (a)(1) and (a)(2) of this section; or

    (4) If it intends at the time of offer to resell the timber--

    (i) Agree that it will not sell more than 30% of such timber (50% of 

such timber if the concern is an Alaskan business) to a business which 

does not meet the requirements of paragraphs (a)(1) and (a)(2) of this 

section; and

    (ii) Agree that if it becomes acquired or controlled by a business 

which does not meet the requirements of paragraphs (a)(1) and (a)(2) of 

this section, it will require as a condition of the acquisition or 

change of control that the acquiring or controlling business resell at 

least 70% of the sawtimber volume (or at least 50% of the sawtimber 

volume, if it is an Alaskan business) to businesses which meet the 

requirements of paragraphs (a)(1) and (a)(2) of this section.

    (b) For a period of three years following the date upon which a 

concern purchases timber under a small business set-aside (other than 

through the Special Salvage Timber Sale program), it must maintain a 

record of:

    (1) The name, address and size status of every concern to which it 

sells the timber or sawlogs; and

    (2) The species, grades and volumes of sawlogs sold.

    (c) For a period of three years following the date upon which a 

concern purchases timber, it must by contract require all small business 

repurchasers of the sawlogs or timber it purchased under the small 

business set-aside to maintain the records described in paragraph (b) of 

this section.