North Dakota Statutes
§ 15-05-18 — Leases of sand and gravel, construction aggregate, and other construction minerals
minerals.
Notwithstanding the provisions of chapter 38-09, the board of university and school lands
may enter into mineral leasing agreements for sand and gravel, road material, building stone,
and construction aggregate or colloidal or other clays under rules adopted by the board. No
lease under this section may be issued by the board for less than fair market value, nor may any
lease under this section be issued for a period of more than five years.
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Nearby Sections
15
§ 15-01-01
Board - Membership - Officers§ 15-01-03
Meetings of board - Quorum§ 15-01-04
Record of meeting§ 15-02-02
Term of office - Vacancy§ 15-02-03
Commissioner - Salary§ 15-02-04
Deputy commissioner - Appointment - Oath§ 15-02-05
Powers and duties in general§ 15-02-05.1
Additional duties of commissioner§ 15-02-05.2
Administrator of abandoned property - Employment