Indiana § 14-38-1-16 Issuance of new permit following expiration or forfeiture

Indiana Statutes

§ 14-38-1-16 — Issuance of new permit following expiration or forfeiture

Indiana·Art. 38 OTHER PETROLEUM REGULATION·Ch. 1 Petroleum Exploration on State Property

Upon the expiration or forfeiture of a permit,
a new permit covering the banks or any of the banks embraced by the
expired or forfeited permit may not be issued for thirty (30) days
following the date of expiration or forfeiture. If more than one (1)
application for a permit covering any of the land is made during the
thirty (30) day period, the commission shall issue a permit to the land
to the person offering the greatest cash bonus for a permit at a public
auction to be held at the time and place and in the manner that the
commission prescribes by rule. The auction shall be held at any time
after the expiration of the thirty (30) day period and the only notice is
the entering in a book kept at the office of the commission for the
purpose, date, place, and hour of the holding of the auct

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Upon the expiration or forfeiture of a permit,
a new permit covering the banks or any of the banks embraced by the
expired or forfeited permit may not be issued for thirty (30) days
following the date of expiration or forfeiture. If more than one (1)
application for a permit covering any of the land is made during the
thirty (30) day period, the commission shall issue a permit to the land
to the person offering the greatest cash bonus for a permit at a public
auction to be held at the time and place and in the manner that the
commission prescribes by rule. The auction shall be held at any time
after the expiration of the thirty (30) day period and the only notice is
the entering in a book kept at the office of the commission for the
purpose, date, place, and hour of the holding of the auction. The book
is a public record.
[Pre-1995 Recodification Citation: 14-4-3-12.]

Indiana § 14-38-1-16 (Issuance of new permit following expiration or forfeiture) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.