N.D. Admin. Code 85-06-02-05

Current through Supplement No. 395, January, 2025

Section 85-06-02-05 - Negotiation of coal lease

The department may negotiate with the applicant the terms and conditions of a coal lease the department deems to be in the best interests of the trusts. If the board owns the surface estate of a coal leased premises, compensation for the surface damage must be negotiated separately. The applicant may propose modifications to the bonus, delay rental, royalty, or other terms of the coal lease application. The board may refuse to enter a coal lease for any reason. The board may not issue the coal lease until receipt of full payment of at least one year of delay rental, bonus payment, and any applicable fees.

N.D. Admin Code 85-06-02-05

Adopted by Administrative Rules Supplement 375, January 2020, effective 1/1/2020.

General Authority: NDCC 15-05-05, 15-05-09, 15-05-10, 15-07-20, 15-08.1-06, 61-33-06

Law Implemented: NDCC 15-05-01, 15-05-04, 15-05-09, 15-05-10, 15-05-13