TITLE 85. WATER USE

CHAPTER 1. WATER RESOURCES

Part 5. Power Generation at Projects

Lease Conditions

85-1-505. Lease conditions. (1) The lessee shall pay a royalty to the state as required in the lease.

(2) The department may authorize provisions in the lease that offer economic incentives for rapid development of the project or impose economic penalties for delays in development, which may include cancellation of the lease.

History: En. Sec. 5, Ch. 503, L. 1981; amd. Sec. 436, Ch. 418, L. 1995.