Oklahoma Administrative Code
Title 385 - Department of the Commissioners of the Land Office
Chapter 20 - Sale and Operation of Hard Rock Mining and Other Mineral leases
Section 385:20-1-15 - Issuance of hard rock or other mineral lease

Universal Citation: OK Admin Code 385:20-1-15

Current through Vol. 41, No. 13, March 15, 2024

(a) Term of lease. A successful bidder will be issued a five-year hard rock mining or other mineral lease on form prescribed by the Commissioners, providing for royalty as stated in the Notice of sale.

(b) Lease executions. All leases and bonds will 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 will be presented to the Commissioners at their next regular meeting for approval and consideration of award of leases.

Amended at 29 Ok Reg 1303, eff 6-25-12

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