The commissioner of public lands has the right to lease for oil and gas and other minerals any lands acquired by the state for state park or state recreational purposes when authorized so to do by the state park and recreation director, the same to be leased upon such terms and conditions as may be prescribed by the state park and recreation director. All bonuses, rentals and royalties which may be collected under the terms of any such lease by the commissioner of public lands shall be placed to the credit of the state park and recreation fund.
History: 1941 Comp., § 8-1144, enacted by Laws 1949, ch. 82, § 2; 1953 Comp., § 7-11-45; Laws 1977, ch. 254, § 43.
ANNOTATIONSSaving clauses. — Laws 1949, ch. 82, § 3, declared all oil and gas or other mineral leases heretofore issued by either the state park commission (now the state parks division) or the commissioner of public lands embracing state lands acquired for state park or state recreational purposes where the terms of such leases have not expired and the lessees are not in default are to be valid and existing contracts with the state and recognizes the obligations of the state and of the commissioner to observe and conform to the terms thereof.
Am. Jur. 2d, A.L.R. and C.J.S. references. — Gas and oil lease force majeure provisions: construction and effect, 46 A.L.R.4th 976.