Pulpwood Permits
Pulpwood
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- Last Updated on 14 November 2010
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SURETY REQUIREMENTS: SURETY BOND OR LETTER OF CREDIT REQUIRED PERSONS OR FIRMS SUBJECT TO NOTICE REQUIREMENTS SHALL DELIVER A SURETY BOND OR AN IRREVOCABLE LETTER OF CREDIT TO THE COUNTY PRIOR TO THE NOTICE BECOMING OR REMAINING EFFECTIVE.
SURETY BOND: THE SURETY BOND SHALL BE EXECUTED BY A SURETY CORPORATION AUTHORIZED TO TRANSACT BUSINESS IN GEORGIA (AND WHICH IS LISTED ON U.S. TREASURY CIRCULAR 570 AT THE TIME OF FILING), AND SUCH BOND SHALL BE ISSUED TO PROTECT THE COUNTY AGAINST ANY DAMAGE CAUSED BY THE PERSON OR FIRM ENGAGED IN TIMBER HARVESTING OR HAULING, IN THE AMOUNT OF $5,000.00. THE FORM OF THE SURETY BOND MUST BE APPROVED BY BARTOW COUNTY PRIOR TO ACCEPTANCE.
IRREVOCABLE LETTER OF CREDIT: IN LIEU OF A SURETY BOND, AN IRREVOCABLE LETTER OF CREDIT, ISSUED BY A BANK OR SAVINGS AND LOAN ASSOCIATION AUTHORIZED TO DO BUSINESS IN THE STATE OF GEORGIA, MAY BE ISSUED IN THE AMOUNT OF $5,000.00. THE FORM OF THE IRREVOCABLE LETTER OF CREDIT MUST BE APPROVED BY BARTOW COUNTY PRIOR TO ACCEPTANCE.
DURATION: SUCH LETTER OF CREDIT SHALL ONLY BE VALID FOR THE CALENDAR YEAR IT IS DELIVERED TO THE COUNTY, AND SHALL BE RENEWED EACH YEAR THAT THE PERSONS OR FIRM SUBJECT TO THE NOTICE REQUIREMENT SHALL OPERATE WITHIN THE COUNTY.



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