Minnesota Administrative Rules
Agency 158 - Natural Resources Department
Chapter 6115 - PUBLIC WATER RESOURCES
STATE WATER BANK PROGRAM
Part 6115.1240 - PAYMENT RATES

Universal Citation: MN Rules 6115.1240

Current through Register Vol. 49, No. 13, September 23, 2024

Subpart 1. Water bank program.

Annual payment rates for the state water bank program will be determined by multiplying the fair market value of the water basin and any adjacent lands by five percent.

Subp. 2. Water basin and adjacent lands.

Annual lease payments for the water basin and any adjacent lands will be based on a fair market rental rate.

Subp. 3. Easements.

Conservation restrictions in the form of easements will be established by an appraisal and their lengths will be subject to negotiation.

Subp. 4. Other method of indemnification.

The rate for any other method of indemnification that is agreed to will be negotiated with the landowner and judged on its merits based upon the proposed restrictions and their relationship to the other payment rates.

Statutory Authority: MS s 103F.601; 103G.315; 105.392; 105.415

Disclaimer: These regulations may not be the most recent version. Minnesota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
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