77-1-1002. Planning of lease actions. (1) The department shall manage the property interests acquired from the federal government in the Crown Butte land exchange consistent with 77-3-102 and consult with the private surface owners and the private mineral owners that control the coal property interests that are located in a checkerboard arrangement with the mineral interests acquired from the federal government in the Crown Butte land exchange in the planning of leasing actions.
(2) Consistent with Title 77, the department's leasing actions must:
(a) attain the fair market value and optimize the monetary return to the public school fund; and
(b) facilitate and encourage timely development of the property interests acquired from the federal government in the Crown Butte land exchange.
History: En. Sec. 2, Ch. 318, L. 2003.