Mich. Admin. Code R. 299.4027 - Lease form; department to determine terms; issuance in name of proposed lessee; responsibility for compliance with terms of lease
Rule 7.
(1) A lease
shall be on a form prescribed by the director.
(2) The department shall determine the
royalty and rental rates, minimum bonus, primary lease term, and other lease
terms.
(3) A lease for nonmetallic
mineral rights shall be issued in the name of the proposed lessee designated at
the time of the public lease auction or listed on the direct lease
application.
(4) The lessee and the
department are responsible for compliance with all terms and conditions of the
lease.
Notes
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