Terms Used In Oregon Statutes > Chapter 526 > Forestry Carbon Offsets

• Baseline: Projection of the receipts, outlays, and other budget amounts that would ensue in the future without any change in existing policy. Baseline projections are used to gauge the extent to which proposed legislation, if enacted into law, would alter current spending and revenue levels.
• Biomass: means any organic matter, including woody biomass, agricultural crops, wood wastes and residues, plants, aquatic plants, grasses, residues, fibers, animal wastes, municipal wastes and other waste materials. See Oregon Statutes 526.005
• Board: means the State Board of Forestry. See Oregon Statutes 526.005
• Department: means the State Forestry Department. See Oregon Statutes 526.005
• Fair market value: The price at which an asset would change hands in a transaction between a willing, informed buyer and a willing, informed seller.
• Forester: means the State Forester or the authorized representative of the forester. See Oregon Statutes 526.005
• Forestland: means any woodland, brushland, timberland, grazing land or clearing that, during any time of the year, contains enough forest growth, slashing or vegetation to constitute, in the judgment of the forester, a fire hazard, regardless of how the land is zoned or taxed. See Oregon Statutes 526.005
• Forestry carbon offset: means a transferable unit based on a measured amount of carbon storage expressed as a carbon dioxide emission equivalent, or other equivalent standard, and accruing on forestland as live or dead matter in trees, shrubs, forest litter and soil. See Oregon Statutes 526.005
• Nonindustrial private forest landowner: means any forest landowner who does not own a forest products manufacturing facility that employs more than six people. See Oregon Statutes 526.005
• Person: includes individuals, corporations, associations, firms, partnerships, limited liability companies and joint stock companies. See Oregon Statutes 174.100