§64-1020. Sale of oil, gas or mineral leases.
The Commissioners of the Land Office may sell oil and gas or other mineral leases on any of the public lands under their control and supervision whether the same was acquired by federal grant, donation, foreclosure or otherwise. The Commissioners of the Land Office shall publish notice of the lease sale one time not less […]
§64-1021. Fee on natural gas sold to state or political subdivision.
The Commissioners of the Land Office may charge a fee on natural gas sold to the state or political subdivisions of the state. The fee shall be for the purpose of funding the administrative costs of the Commissioners of the Land Office for selling and marketing the gas. Added by Laws 1989, c. 294, § […]
§64-1022. Reservation and retention of oil, gas and other minerals under certain lands.
The Commissioners of the Land Office shall reserve and retain one hundred percent (100%) of all oil, gas and other minerals under any school lands and shall not sell any oil, gas or other mineral interest under the authority or jurisdiction of the Commissioners. Added by Laws 1999, c. 116, § 3, eff. July 1, […]
§64-1023. Trust property – Commercial, agricultural and mineral leases.
A. The Commissioners of the Land Office are authorized to grant commercial leases and agricultural leases in trust property. Commercial leases shall not exceed fifty-five (55) years. The granting of any commercial lease in excess of three (3) years shall be by public bidding at not less than fair market value. All commercial leases shall […]
§64-1024. Bribes – Duty to report – Discharge for failure to report.
It is hereby made the mandatory duty of any appraiser or other employee of the Commissioners of the Land Office who is offered a bribe, commission, or property (either real or personal), or a part of the proceeds of any loan made by the Commissioners of the Land Office, to report such offer or offers […]
§64-1025. Embezzlement – Discharge upon conviction.
The Commissioners of the Land Office shall immediately discharge any employee who shall be convicted of embezzlement of any of the funds or monies of the Land Office. Added by Laws 1933, c. 186, p. 409, § 4, emerg. eff. July 21, 1933. Amended by Laws 1997, c. 133, § 541, eff. July 1, 1999; […]
§64-1026. Records – Destroying or forging a felony.
Any employee of the Commissioners of the Land Office who shall knowingly and without authority and in violation of the records destruction policy destroy, forge, falsify, steal, mutilate, hide or intentionally misplace any of the records, files, computer data or any other property of the Commissioners of the Land Office, or who knowingly permits or […]
§64-1027. Statutes of limitation – Prosecutions.
The prosecution for any of the felonies or offenses defined in this act shall not be barred by the statutes of limitations until three (3) years after the discovery of the act. Added by Laws 1933, c. 186, p. 410, § 6, emerg. eff. July 21, 1933. Renumbered from § 116 of this title by […]
§64-1012. Fees and resolutions.
A. The Commissioners of the Land Office, by formal resolution adopted by a majority vote of the members of the Commission, shall fix a schedule of fees to be charged for services rendered by the Land Office. Except as otherwise provided by law, the fees shall be collected and deposited in the revolving fund for […]
§64-1013. Investment of permanent school funds and other educational funds.
A. The Commissioners of the Land Office shall be responsible for the investment of the permanent school funds, other educational funds and public building funds solely in the best interests of the current and future beneficiaries. The Commissioners of the Land Office shall make investments: 1. For the exclusive purpose of: a.providing maximum benefits to […]