Section 47-1605 – LEASES — RENTAL AND ROYALTY.
47-1605. LEASES — RENTAL AND ROYALTY. (1) Geothermal resources leases shall be issued at an annual rental of not less than twenty-five cents (25¢) per acre, payable in advance. The rental specified in geothermal leases shall be fixed in any manner by the state board of land commissioners including, but not limited to, competitive bidding, […]