Montana Statutes
§ 77-6-503 — Leases Of City Lots, Town Lots, And Commercial Property
Montana·Title 77 STATE LANDS·Ch. 6 AGRICULTURAL, GRAZING, AND OTHER SURFACE LEASES·Part 5 Rental Provisions
77-6-503 . Leases of city lots, town lots, and commercial property. The fair rental value of state-owned town lots, city lots, and land valuable for commercial development must be determined from time to time by the department with the approval of the board, and a record must be made of the values. State-owned town lots, city lots, or land valuable for commercial development may be leased at the current appraised rental value for terms not to exceed 99 years.
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Legislative History
En. Sec. 20, Ch. 60, L. 1927; re-en. Sec. 1805.20, R.C.M. 1935; amd. Sec. 2, Ch. 207, L. 1945; amd. Sec. 1, Ch. 254, L. 1947; amd. Sec. 2, Ch. 201, L. 1949; amd. Sec. 2, Ch. 260, L. 1963; amd. Sec. 2, Ch. 257, L. 1965; amd. Sec. 10, Ch. 428, L. 1973; amd. Sec. 1, Ch. 134, L. 1974; amd. Sec. 2, Ch. 135, L. 1974; R.C.M. 1947, 81-402(part); amd. Sec. 5, Ch. 488, L. 1985; amd. Sec. 16, Ch. 404, L. 2003.
Nearby Sections
15
§ 77-6-101
Statement Of Policy§ 77-6-102
Surface Leases Authorized§ 77-6-104
Renumbered 77-1-209§ 77-6-106
Repealed§ 77-6-108
Who May Lease§ 77-6-110
Lease Expiration Dates§ 77-6-111
Terminated§ 77-6-112
Liens On Crops And Improvements§ 77-6-113
Lease Conditions -- Cancellation§ 77-6-114
Repealed