85-1-804. Appraisal of project lands -- adjustment of lease fee. The department shall appraise project lands owned by the department and shall maintain records of the appraisals. Not less than once during the term of a lease, the department shall reappraise the project lands and adjust the lease fee accordingly. The department may not increase a lease fee for a current lessee more than 2% a year during any period of 10 consecutive years.
History: En. Sec. 4, Ch. 301, L. 1995.
Structure Montana Code Annotated
Part 8. Lease Management Program
85-1-804. Appraisal of project lands -- adjustment of lease fee
85-1-805. Full market value required
85-1-806. Withdrawal of lands from leasing
85-1-807. Assignment of leases -- subleasing not allowed
85-1-808. Changes in lease use not authorized -- cancellation
85-1-809. Improvements authorized -- no compensation -- removal
85-1-810. No pledge or mortgage of leasehold interest
85-1-811. Project lands lease and sales account