77-4-305. Rulemaking
77-4-305. Rulemaking. The board may adopt rules governing the issuance of leases under this part. History: En. Sec. 6, Ch. 313, L. 2021.
77-4-303. Lease provisions
77-4-303. Lease provisions. (1) A lessee under this part has exclusive rights of possession of the lands or interest leased, subject to conditions in the lease and compliance with the lease. (2) The state reserves the right in leases under this part to sell, lease, or otherwise dispose of the surface, and the right to lease or […]
77-4-304. Rental and disposition of rent and other receipts
77-4-304. Rental and disposition of rent and other receipts. (1) The rental payment to the state for a wind resource development lease may not be less than the full market value of the interest described in the approved lease. (2) Rentals are credited to the income fund of the grant to which the lands under each lease […]
77-4-206. Meeting of board on proposed lease or license
77-4-206. Meeting of board on proposed lease or license. (1) At this meeting all other applications which may have been received for lease or license to such power sites shall be duly considered together with the application originally filed. (2) The board shall have the right to reject any or all bids. (3) If, however, the board finds […]
77-4-207. Preference to bid of municipality
77-4-207. Preference to bid of municipality. In case one of the applicants is a municipality, its bid shall have preference provided that it is in all respects as advantageous to the state as the bid which has been submitted by any person or corporation. History: En. Sec. 3, Ch. 123, L. 1931; re-en. Sec. 1904.3, R.C.M. 1935; […]
77-4-208. Rental for power sites — deposit of rental money in proper accounts
77-4-208. Rental for power sites — deposit of rental money in proper accounts. (1) The rental payment to the state for power sites must be paid annually or semiannually, and the rental may not be less than the full market value of the estate or interest disposed of through the granting of the lease or license. […]
77-4-209. Duration of lease
77-4-209. Duration of lease. The term of the lease shall not exceed 50 years. History: En. Sec. 3, Ch. 123, L. 1931; re-en. Sec. 1904.3, R.C.M. 1935; R.C.M. 1947, 81-1803(part).
77-4-210. Joint development with United States
77-4-210. Joint development with United States. (1) If the state land constituting a power site is part of a larger power site owned or controlled by the government of the United States, then the board may grant a joint lease or license with the United States for the development of the power site and the distribution, […]
77-4-211. Amortization of investment
77-4-211. Amortization of investment. (1) In all cases where the lease or license issued by the United States requires the amortization of the investment made in dams, machinery, equipment, and appurtenant works, such amortization requirement shall also apply to that portion of the investment representing the state’s part or share in the power site so that […]
77-4-301. Wind and solar leases authorized
77-4-301. Wind and solar leases authorized. (1) The board may lease state lands for exploration, planning, development, and the production of energy from wind and solar resources. (2) Leases for wind or solar rights only where no ground disturbance is authorized do not require reclassification. (3) The board may exercise business discretion in entering leases under this part. […]