The taconite iron ore special advance royalty account is created as an account in the state treasury for disposal of certain mineral lease money received under the terms of extension agreements adopted under section 93.193, relating to state iron ore or taconite iron ore mining leases. The principal of the account is distributed under the terms of the extension agreements to the account or entity entitled by applicable law and lease terms to receive the income from the class of land being leased. Interest accruing from investment of the account remains with the account until distributed as provided in this section. The interest accrued through June 30 under each extension agreement is distributed annually, as soon as possible after June 30, to the account or entity entitled by applicable law and lease terms to receive the income from the class of land being leased in the same proportion that the total acres included in a particular class of land bears to the total acreage of the leased land covered by each extension agreement. Money in the taconite iron ore special advance royalty account is appropriated for distribution as provided in this section.
1989 c 335 art 1 s 80
Structure Minnesota Statutes
Chapters 92 - 94 — Lands And Minerals
Section 93.001 — Policy For Mineral Development.
Section 93.0015 — Mineral Coordinating Committee.
Section 93.003 — Iron Mining; Conditions.
Section 93.01 — Reservation Of Minerals And Water Powers.
Section 93.02 — Instruments Transferring Interest; Reservation.
Section 93.03 — Patent Under Land Grant To Railroad; Reservation.
Section 93.04 — Disposition Of Minerals Reserved.
Section 93.05 — Holder Of Lease.
Section 93.055 — Action To Quiet Title To Lands Covered By Mineral Lease.
Section 93.06 — Reservation Of Minerals Under Navigable Lakes.
Section 93.14 — Leases To Prospect For Ores.
Section 93.15 — Mining Units; Designation.
Section 93.16 — Leases; Sale And Notice.
Section 93.17 — Application For Leases; Bids; Awards.
Section 93.171 — Eligibility And Performance.
Section 93.1925 — Negotiated Leases.
Section 93.193 — Taconite Iron Ore Mining Lease; Extension.
Section 93.20 — Form Of Lease; Required Content; Modification.
Section 93.201 — Royalties For Taconite Concentrates.
Section 93.21 — Execution Of Lease.
Section 93.22 — Disposition Of Payments.
Section 93.222 — Taconite Iron Ore Special Advance Royalty Account.
Section 93.2235 — Taconite Mining Grants; Appropriations.
Section 93.2236 — Minerals Management Account.
Section 93.245 — Mining Minerals Other Than Iron Ore.
Section 93.25 — Ores Other Than Iron; Leases.
Section 93.26 — Leases To Be Filed.
Section 93.27 — Assignments, Agreements, Or Contracts Affecting Leases; Filing.
Section 93.28 — Approval Of Instruments.
Section 93.285 — Stockpiled Iron Ore.
Section 93.33 — Leasing Surface Of Land.
Section 93.335 — Lands Held In Trust; Mineral Rights Only; Mineral Rights Acquired Under Tax Laws.
Section 93.34 — Draining Public Waters.
Section 93.41 — State-owned Iron-bearing Materials.
Section 93.43 — Leases To Nonferrous Metallic Minerals Producers.
Section 93.44 — Declaration Of Policy.
Section 93.45 — Iron Range Trail.
Section 93.461 — Peat Included In Mine Land Reclamation.
Section 93.47 — Duties And Authority Of Commissioner.
Section 93.481 — Permit To Mine.
Section 93.482 — Reclamation Fees.
Section 93.483 — Contested Case.
Section 93.49 — Financial Assurance Of Operator.
Section 93.51 — Penalties For Violation.
Section 93.515 — Oil And Gas Wells; Rules Relating To Spacing, Pooling, And Unitization.
Section 93.52 — Ownership Of Severed Mineral Interests.
Section 93.55 — Forfeiture Of Severed Mineral Interest.
Section 93.551 — Validation Of Certain Statements; Correction Of Certain Errors.