South Dakota Administrative Rules
Title 4 - School And Public Lands
Article 4:01 - Leases
Chapter 4:01:03 - Mineral leases
Section 4:01:03:06 - Bonus rate

Universal Citation: SD Admin Rules 4:01:03:06
Current through Register Vol. 50, page 78, December 27, 2023

Payment of the minimum bonus rate, in the form of a sealed bid, computed at the rate of two dollars per acre for each tract of land, shall accompany each nomination form. This amount is forfeited if the applicant is the successful bidder and fails to execute the lease.

21 SDR 179, effective April 20, 1995.

General Authority: SDCL 5-7-37.

Law Implemented: SDCL 5-7-37, 5-7-45.

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