77-1-204. Power to sell, lease, or exchange certain state trust lands. (1) The board is authorized to lease state trust lands for uses other than agriculture, grazing, timber harvest, or mineral production under terms and conditions that best fulfill the duties of the board as specified in 77-1-202 and 77-1-203. The lease period for these leases, except for power and school site leases, may not be for longer than 99 years.
(2) The board may sell, exchange, or lease lands under its jurisdiction by virtue of 77-1-214 when, in the board's judgment, it is advantageous to the state to do so in the highest orderly development and management of state trust land. The sale, lease, or exchange may not be contrary to the terms of any contract that the board has entered into.
History: (1)En. 81-103.1 by Sec. 1, Ch. 135, L. 1974; Sec. 81-103.1, R.C.M. 1947; (2)En. Sec. 5, Ch. 159, L. 1937; Sec. 81-1107, R.C.M. 1947; R.C.M. 1947, 81-103.1, 81-1107; amd. Sec. 1, Ch. 488, L. 1985; amd. Sec. 5, Ch. 609, L. 1991; amd. Sec. 13, Ch. 404, L. 2003.
Structure Montana Code Annotated
Chapter 1. Administration of State Lands
Part 2. Board of Land Commissioners
77-1-201. Board -- meetings and officers
77-1-202. Powers and duties of board
77-1-203. Multiple-use management
77-1-204. Power to sell, lease, or exchange certain state trust lands
77-1-205. Board to correct errors
77-1-206. Board to prescribe further rules for appraisal
77-1-207. Board to defend suits
77-1-208. Cabin site licenses and leases -- method of establishing value
77-1-211. Acceptance of federal land grants
77-1-212. Acceptance of federal facilities and installations -- title in state
77-1-213. Acceptance of gifts, donations, grants, legacies, and devises to the state
77-1-214. Donations of land for forestry purposes
77-1-215. Expenditures authorized
77-1-216. Disposition of revenues and profits
77-1-217. Payment of certain obligations
77-1-218. Public school land acquisition account
77-1-219. Public school land purchases -- considerations -- distributions
77-1-220. Offsetting purchases -- proceeds -- records
77-1-223. State trust land report to trust beneficiaries and legislature -- contents
77-1-226. and 77-1-227 reserved
77-1-228. Public land trust acquisition account
77-1-229. Public land trust purchases
77-1-230. through 77-1-234 reserved
77-1-235. Alternative rental market valuation -- open competitive bidding process -- rules
77-1-236. Rental market valuation lease program -- transition -- rules