77-1-1117. Board to adopt rules. To fulfill the requirement of this part, the board shall adopt rules to:

(1) determine the full market value for the use of the bed of a navigable river and establish a minimum payment for leases and easements;

(2) allow an applicant to choose to apply for a lease, license, or easement depending on the type of proposed use and the duration of the use; and

(3) allow the holder of a lease, license, or easement to relocate or increase the size of a footprint based on natural relocation of a navigable river or other factors.