Okla. Admin. Code § 385:20-1-23

Current through Vol. 42, No. 4, November 1, 2024

Section 385:20-1-23 - Brine Leasing

(a) Brine shall be considered a valuable property interest subject to leasing and to the application of administrative rules.

(b) The Commissioners of the Land Office may offer leases to extract brine from school lands with a royalty rate and lease terms that the Commissioners deem beneficial to the permanent school fund.

(c) Brine leases offered by the Commissioners of the Land Office shall comply with the requirements of the Oklahoma Brine Development Act.

Okla. Admin. Code § 385:20-1-23

Adopted by Oklahoma Register, Volume 41, Issue 22, August 1, 2024, eff. 8/11/2024