§ 36-5-114 — Leasing for industrial, commercial, residential and recreational purposes; authority; rental fees; rules and regulations

(a) The board of land commissioners may lease for a term
of not more than seventy-five (75) years state lands for
industrial, commercial and recreational purposes.
(b) The board may lease state lands for purposes which
shall bring about the compatible use of the surface area and
shall inure to the greatest long term benefit of the state land
trust. Provided, however, that nothing herein contained shall
result in the substantive impairment of existing leases or the
preferential right to the renewal thereof.
(c) The board shall fix a rental value based upon not less
than the fair market value of each use of the land. If the land
to be leased under this subsection was originally acquired by
the state for the benefit of the common school permanent land
fund, and is to be used by a Wyoming school district for the
construction and maintenance of school buildings and facilities,
the board may assess an annual rental fee of one hundred dollars
($100.00) per acre or not less than fair market value, whichever
is less.
(d) The board shall promulgate rules and regulations
implementing policies, procedures and standards for the long-
term leasing of state lands for industrial, commercial and
recreational purposes under the provisions of W.S. 36-5-114
through 36-5-117, including provisions requiring compliance with
all applicable land use planning and zoning laws and permitting
the board to terminate a lease for good cause shown. When the
office of state lands and investments initiates a request for a
proposed leasing of state lands, the office shall require not
less than thirty (30) days notice be provided:
(i) On the website of the office of state lands and
investments;
(ii) In a newspaper of general circulation in the
county or counties where the state lands are to be leased; and
(iii) To current lessees of the state lands and
owners of adjoining lands by certified mail.