Statutes, codes, and regulations
Wyoming Administrative Code
Agency 060 - Lands and Investments, Office ofSubagency 0002 - Land Commissioners, Board of
Chapter 5 - SPECIAL USE LEASING
Section 5-5 - Term of Leases

060-5 Wyo. Code R. § 5-5

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Current through April 27, 2019
Section 5-5 - Term of Leases

(a) Leases for special uses, including industrial, commercial and recreational purposes may be for any term, up to seventy five years, in the discretion of the Board.

(b) The Board shall determine that the proposed lease does not adversely affect its management goals, as set forth in its policy preamble to these rules and regulations, on the land proposed for lease and on the adjacent state lands during the term of the lease. The Board may instruct the Director to prepare a detailed analysis of the parcel for lease and any adjoining state lands, including:

  • (i) An appraisal of the market value of the parcels;
  • (ii) The income-generating potential of the parcel, individually and in combination with any adjoining state parcel;
  • (iii) The manageability of the parcel, individually and in combination with any adjoining state parcel;

(c) The Board must set the term of the lease for a period that does not exceed the anticipated economic life of the proposed lease use.

(d) The Board may extend the lease term if the Board determines that the economic life of the proposed use has not been reached, provided:

  • (i) All of the criteria within this section of the rules are still met; and
  • (ii) The overall term of the lease does not exceed seventy five years

060-5 Wyo. Code R. § 5-5