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 385:20-1-23 - Brine Leasing
Universal Citation: OK Admin Code 385:20-1-23
Current through Vol. 42, No. 1, September 16, 2024
(a) Brine shall be considered a valuable property interest subject to leasing and to the application of administrative rules.
(b) The Commissioners of the Land Office may offer leases to extract brine from school lands with a royalty rate and lease terms that the Commissioners deem beneficial to the permanent school fund.
(c) Brine leases offered by the Commissioners of the Land Office shall comply with the requirements of the Oklahoma Brine Development Act.
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