Montana Statutes
§ 85-1-505 — Lease Conditions
85-1-505 . Lease conditions.
(1)The lessee shall pay a royalty to the state as required in the lease.
(2)The department may authorize provisions in the lease that offer economic incentives for rapid development of the project or impose economic penalties for delays in development, which may include cancellation of the lease.
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Legislative History
En. Sec. 5, Ch. 503, L. 1981; amd. Sec. 436, Ch. 418, L. 1995.
Nearby Sections
15
§ 85-1-101
Policy Considerations§ 85-1-102
Definitions§ 85-1-103
Interpretation Of Title§ 85-1-104
Through 85-1-110 Reserved§ 85-1-111
Public Ways§ 85-1-112
Navigable Waters§ 85-1-113
Through 85-1-120 Reserved§ 85-1-121
Repealed§ 85-1-122
Clark Fork River§ 85-1-201
Rules§ 85-1-202
Repealed§ 85-1-203
State Water Plan§ 85-1-204
Department Powers Over State Water§ 85-1-206
Construction Of Works By Department