85-06-02-03. Application for coal lease.

A written application for a coal lease must include:

1. Legal description of the lands to be leased;

2. Proposed terms for the coal lease, including the bonus, length, delay rental, and royalty;

3. Documentation showing that the bonus, term, delay rental, and royalty being offered are consistent with market rates; and

4. Nonrefundable application fee in an amount set by the board.

History: Effective January 1, 2020.

General Authority: NDCC 15-05-05, 15-05-09, 15-07-20, 15-08.1-06, 61-33-06

Law Implemented: NDCC 15-05-01, 15-05-08, 15-05-09