47-808. BOND. (1) The board shall require the execution of a good and sufficient bond in an amount the board determines reasonable which shall not be less than one thousand dollars ($1,000) in favor of the state of Idaho conditioned on the payment of all damages to the surface and improvements thereon, whether or not the lands have been sold or leased for any other purposes.
(2) Upon commencement of operations for the drilling of any well, lessee shall be required by the board to furnish such a bond the board determines reasonable which shall not be less than six thousand dollars ($6,000) which bond shall be in lieu of the bond required in subsection (1) of this section and shall cover all subsequent operations on said lease.
History:
[47-808, added 1937, ch. 130, sec. 8, p. 200; am. 1949, ch. 128, sec. 5, p. 226; am. 1992, ch. 160, sec. 1, p. 516.]
Structure Idaho Code
Chapter 8 - OIL AND GAS LEASES ON STATE AND SCHOOL LANDS
Section 47-801 - LEASE OF STATE OR SCHOOL LANDS FOR OIL AND GAS DEVELOPMENT — SURFACE RIGHTS.
Section 47-802 - RULES AND REGULATIONS GOVERNING LEASES AND MINING OPERATIONS.
Section 47-804 - LIMITATION ON AREA COVERED BY LEASE — RIGHT TO HOLD MORE THAN ONE LEASE.
Section 47-805 - ANNUAL RENTAL — AMOUNT — MINIMUM ROYALTY.
Section 47-807 - ASSIGNMENT OR TRANSFER OF LEASES RESTRICTED.
Section 47-810 - GRANTS EXECUTED IN ACCORDANCE WITH CONSTITUTION.
Section 47-811 - COOPERATIVE DEVELOPMENT OF OIL AND GAS LANDS.