Regulation on Tender, Award, and Administration of Forest Management Contracts, Timber Sale Contracts, and Major Forest Use Permits (FDA Regulation 104-07).

This Regulation of the Forestry Development Authority (FDA) governs tendering, awarding, and administering Forest Resources Licenses. The National Forestry Reform Law of 2006 establishes a transparent framework for the use, management, and protection of forest resources that balances the commercial, community, and conservation priorities of Liberia. Section 19 of that Law authorizes the Forestry Development Authority to issue regulations and other rules necessary to implement the Law (section 19.1(a)), including regulations that govern contracting and permitting (section 19.1(c)), and regulations that establish bonding requirements (section 5.1(e)). The Regulation sets out policy principles and requirements for and procedures of offering and administering Forest Management Contracts (FMCs), Timber Sale Contracts (TSCs), and Major FUPs (a Forest Use Permit that section 5.5(d)(i) of the Law requires the Authority to offer through a concessions process because the permit allows use of more than US $10,000 worth of Forest Resources). Successful bidders and Holders of FMCs and TSCs shall post an annual performance bond to assure payment of amounts due the Government, including taxes, fees, damages, and penalties. The Regulations also provides with respect to assignment of Contracts to third parties and the requirement that operations be in conformity with plans and (environmental impact) assessments.