53C-2-402. Mineral leases — Director to establish rules for mineral leases — Revenues to be deposited in Land Grant Management Fund.
- (1) Mineral leases of all trust lands owned by the state shall be made exclusively by the director, under rules made by the director.
- (2) Revenues from mineral leases of trust lands shall be deposited in the Land Grant Management Fund.
Enacted by Chapter 294, 1994 General Session