The applicant shall pay to the Commission annual rent of $1.50 per acre or any fraction thereof, except as provided for the Chesapeake Bay and for bathing ground. Such payment shall be due on September 1 of each year after the date of assignment, plus a ten percent penalty if not paid on or before December 5.
Code 1950, § 28-124; 1954, c. 352; 1958, c. 183; 1960, c. 517; 1962, c. 406, § 28.1-109(11); 1964, c. 393; 1966, c. 684; 1970, c. 726; 1972, c. 644; 1973, c. 14; 1978, cc. 546, 548; 1980, cc. 34, 609; 1984, c. 259; 1992, c. 836.Amended by Acts 1992, c. 836.Amended by Acts 1984, c. 259.Amended by Acts 1980, § cc. 34, 609.Amended by Acts 1978, § cc. 546, 548.Amended by Acts 1973, c. 14.Amended by Acts 1972, c. 644.Amended by Acts 1970, c. 726.Amended by Acts 1966, c. 684.Amended by Acts 1964, c. 393.Amended by Acts 1962, c. 406, § 28.1-109(11).Amended by Acts 1960, c. 517.Amended by Acts 1958, c. 183.Amended by Acts 1954, c. 352.