Okla. Admin. Code § 385:20-1-14

Current through Vol. 42, No. 8, January 2, 2025

Section 385:20-1-14 - Bidding process

The bid process for school land hard rock mining and other mineral lease sales shall be as follows:

(1)Separate tracts. A separate bid showing the tract number and legal description must be filed on each tract. Each tract will be leased separately to the highest responsible bidder.

(2)Public Auction Process. Public auctions for hard rock mining and other mineral leases shall be held in the same manner as public auctions for oil and gas leases.

(3)Total acres. Each hard rock mining and other mineral lease will be limited to a maximum of 160 acres.

Okla. Admin. Code § 385:20-1-14

Amended at 15 Ok Reg 1752, eff 5-12-98; Amended at 29 Ok Reg 1303, eff 6-25-12

Amended by Oklahoma Register, Volume 41, Issue 22, August 1, 2024, eff. 8/11/2024