Okla. Admin. Code § 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.
Notes
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