South Dakota Administrative Rules
Title 4 - School And Public Lands
Article 4:01 - Leases
Chapter 4:01:07 - Commercial leases
Section 4:01:07:04 - Minimum rental rate
Universal Citation: SD Admin Rules 4:01:07:04
Current through Register Vol. 51, page 43, September 23, 2024
The commissioner shall establish the minimum annual rental rate for a tract of land to be commercially leased. In fixing the minimum annual rental rate the commissioner shall consider location, accessibility, utility of the land, and current rental rates. The commissioner shall publish the minimum rental rate in the notice of public auction. The commissioner may only accept bids for commercial leases that are at or above the minimum annual rental rate.
General Authority: SDCL 5-1-7.2.
Law Implemented: SDCL 5-1-7.2.
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