SECTION 385:20-1-13. Request to offer land for lease; advertising deposit and requirements

(a)   Any tract of State School land not under a hard rock mining or other mineral lease will be offered for lease at the earliest scheduled hard rock mining or other mineral lease sale, at the discretion of the Director of the Minerals Management Division. (The firm making the above request will have to pay actual cost of advertising if it is the successful bidder or if no bids are received. The firm making the request may be required to pay advertising cost if the bid is rejected.)

(b)   The law requires that State School land offered for hard rock mining or other mineral lease must be advertised for 30 days in a newspaper published in the County in which the land is located and for a like period in a paper of general circulation in Oklahoma, after which the bids received will be opened, tabulated, and presented to the Commission at the next regular meeting.

(c)   The successful bidder must pay the cost of advertising.

[Source: Amended at 15 Ok Reg 1752, eff 5-12-98; Amended at 29 Ok Reg 1303, eff 6-25-12]