Minimum Stumpage Rate Regulation (B.C. Reg. 354/87).

This Regulation has one part, which sets the minimum stumpage rate for the purposes of section 105 (6) of the Forest Act, R.S.B.C. 1996, c. 157. Section 105 states that if stumpage is payable to the government under an agreement entered into under the Forest Act, the rates of stumpage must be determined, redetermined and varied. Rates, policies and procedures may be different for different timber, places, transactions or holders of agreements entered into under the Forest Act. The holder of a timber licence must pay stumpage to the government at a percentage of the rates determined (and the percentages are dealt with in detail).