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.
Structure Montana Code Annotated
Part 5. Power Generation at Projects
85-1-501. Survey of power generation capacity
85-1-502. Notice of availability of lease sites
85-1-503. Receipt of applications
85-1-504. Determinations by department
85-1-506. Compliance with federal law
85-1-508. Duties of the department
85-1-509. Power generation by department authorized
85-1-510. Sale of power and allocation of revenue
85-1-511. Determination by the public service commission