Okla. Admin. Code § 385:20-1-15

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

Section 385:20-1-15 - Issuance of hard rock or other mineral lease

(a)Term of lease. The term of a hard rock mining or other mineral lease shall not exceed fifty-five (55) years.

(b)Lease executions. All leases and bonds shall be prepared by the Commission and forwarded to the lessee for completion. The lessee shall have 30 days from date of award to execute the lease, post a bond, and pay any moneys due.

(c)Lease approval. The tabulation of each hard rock mining or other mineral lease sale shall be presented to the Commissioners at their next regular meeting for approval and consideration of award of leases.

Okla. Admin. Code § 385:20-1-15

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