15.15.01.14

.14 Time of Tender; Acceptance or Rejection.

A. With respect to allotted purchases, the Foundation shall tender any offer to buy containing the specific terms of the purchase for the:

(1) First offer cycle, on or before January 31; and

(2) Second offer cycle, on or before July 31.

B. With respect to additional offers to buy tendered, the Foundation may not tender these offers earlier than 30 days after the completion of allotted purchases in each offer cycle.

C. A landowner has 30 days from the date of any offer to buy in which to accept or reject the offer.