77-4-208. Rental for power sites -- deposit of rental money in proper accounts. (1) The rental payment to the state for power sites must be paid annually or semiannually, and the rental may not be less than the full market value of the estate or interest disposed of through the granting of the lease or license. The value must be carefully ascertained from all available sources.
(2) Beginning July 1, 2011, all rental payments received under this section must be deposited in accordance with 17-3-1003(5).
History: En. Sec. 3, Ch. 123, L. 1931; re-en. Sec. 1904.3, R.C.M. 1935; R.C.M. 1947, 81-1803(part); amd. Sec. 18, Ch. 377, L. 2009; amd. Sec. 5, Ch. 371, L. 2011.