Indiana Statutes
§ 14-35-1-9 — Term of permit
(a)The department shall determine the initial
term of a permit, not to exceed ten (10) years. The department shall
automatically continue a permit:
(1)if commercial production and accompanying royalty payments
are established by the end of the initial term; and
(2)as long as production continues, not to exceed fifty (50) years.
(b)If commercial production is not established within the initial
term of a permit, the department may terminate the permit.
(c)The department may terminate a permit at any time for failure of
the permittee to comply with:
(1)this chapter; or
(2)the rules adopted under this chapter.
[Pre-1995 Recodification Citation: 14-3-2-6 part.]
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Legislative History
As added by P.L.1-1995, SEC.28.
Nearby Sections
15
§ 14-10-1-1
Establishment and members of commission§ 14-10-1-2
Filling of vacancies of ex officio members§ 14-10-1-3
Citizen members§ 14-10-1-4
Per diem compensation and traveling expenses§ 14-10-1-5
Officers§ 14-10-1-6
Quorum§ 14-10-1-7
Meetings§ 14-10-2-1
Powers of commission§ 14-10-2-2
Repealed§ 14-10-2-2.5
Consolidated proceedings§ 14-10-2-3
Repealed§ 14-10-2-4
Adoption of rules§ 14-10-2-5
Rules§ 14-10-2-6
Notices of violation