SECTION 15. CERTIFICATIONS OF

ACQUISITION AND TRANSFER OF LAND

Each of the following certifications must be submitted to the IRS at the address set forth in Section 17(1)(B) of this notice:

(1) Not later than one month after the expiration (taking into account any extensions) of the three-year period described in Section 6(3)(a)(v), the applicant must certify that it has acquired the land described in the application. The certification must describe in detail how the proceeds from the sale of the QFCBs (or the refund of the deemed payment) were used during that period, between their receipt by the applicant and the applicant’s acquisition of the land described in the application, must account for the entire compound investment return on those funds, and must demonstrate that, during that period, the interests of the United States were protected in a manner consistent with the last paragraph of Section 3 of this notice.

(2) If the IRS grants one or more extensions of the six-month period described in Section 6(3)(e)(iii) of this notice, then, not later than one month after receiving each extension, the applicant must provide to the USFS and to any affected State a copy of the extension document (including any attachments).

(3) Not later than one month after the expiration of each six-month deadline in Section 6(3)(e)(iii) (taking into account any extensions), the applicant must certify that it has complied with Section 6(3)(e)(iii) of this notice and must provide detailed information and documents sufficient to demonstrate that compliance. If the applicant is complying with Section 6(3)(e)(iii)(B) (that is, by contracting to transfer the land in the future), the documents provided must include a copy of the contract or contracts and evidence that the contract has been appropriately recorded or referenced in all relevant land records. The certification must highlight compliance with the requirements designed to ensure satisfaction of any obligation that may arise under section 54B(h)(3)(A) of the Code and Section 3(2) of this notice.

(4) If the applicant has executed a contract that was intended to satisfy Section 6(3)(e)(iii)(B) and Section 6(3)(e)(iv) of this notice, then, not later than one month after the expiration of the deadline for the

to an extension of the deadlines contained in the contract. The original of any request for such an extension must be sent to the address set forth in Section 17(1)(A) of this notice, and copies must also be sent to the other party to the contract (to which any of the land required to be transferred).