1. (a) The Department may accept repairs or improvements made by Concession Lessees to assets owned or leased by the State in lieu of Royalties. All such repairs or improvements:

   1. (1) Immediately become property of the Department;
   2. (2) Must be document by addendum or amendment to the Lease; and
   3. (3) Must be approved in advance by the Department and accompanied by the appropriate documentation.
2. (b) The Department may allow all or a portion of the cost of such repairs or improvements to reduce Royalties due under the Lease or Permit.

Added at 20 Ok Reg 1360, eff 5-27-03

Amended at 37 Ok Reg 635, eff 3-29-20 (emergency)

Amended at 37 Ok Reg 2255, eff 9-11-20