77-3-303. Rules relating to coal leasing. (1) The board may adopt rules and perform all acts not inconsistent with The Enabling Act, the constitution, and the statutes of this state that it considers necessary and proper relating to the leasing of state land for coal mining purposes.
(2) The board is encouraged to lease the property interests acquired from the federal government in the Crown Butte land exchange for coal mining purposes. The proceeds from the leases must be used for the direct funding of education, including K-12 school districts, institutions of higher education, and vocational-technical education, unless otherwise provided in the transfer agreement.
History: En. Sec. 44, Ch. 60, L. 1927; re-en. Sec. 1805.44, R.C.M. 1935; R.C.M. 1947, 81-507; amd. Sec. 1, Ch. 485, L. 2001.
Structure Montana Code Annotated
Chapter 3. Rock, Mineral, Coal, Oil, and Gas Resources
77-3-301. Coal leases authorized
77-3-302. Lands subject to coal leasing
77-3-303. Rules relating to coal leasing
77-3-304. Protection of rights of purchasers or prior lessees
77-3-305. Limitations on leasing
77-3-306. Conditions on manner of mining
77-3-307. Improvements of former lessee
77-3-308. Limitation on public inspection rights
77-3-309. and 77-3-310 reserved
77-3-316. Rental and royalty terms
77-3-317. Report and payment of royalty
77-3-318. Disposition of royalties and other receipts
77-3-319. and 77-3-320 reserved
77-3-322. Obligation to pay royalties under coal lease contract -- interest