South Dakota Administrative Rules
Title 4 - School And Public Lands
Article 4:01 - Leases
Chapter 4:01:01 - Oil and gas leases
Section 4:01:01:05 - Minimum rental rate
Universal Citation: SD Admin Rules 4:01:01:05
Current through Register Vol. 50, page 78, December 27, 2023
Acceptable payment in the amount computed at the rate of one dollar per acre, plus a minimum bonus calculated as provided in §§ 4:01:01:06 and 4:01:01:07 for each tract of land in each county, shall accompany each application, and this amount shall be forfeited if the applicant is the successful bidder and fails to execute the lease.
2 SDR 36, effective November 20, 1975; 5 SDR 40, effective November 26, 1978.
General Authority: SDCL 5-7-24, 5-7-37.
Law Implemented: SDCL 5-7-20, 5-7-24, 5-7-25.
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