(a) The Commissioner is hereby empowered and directed to issue regulations governing the form and consent of applications for appropriation permits.
(b) The fee for an appropriation permit shall be ten dollars, and the permit shall be valid for a period of ten years or for such other period, not less than two nor more than twenty years, as may be deemed appropriate under the circumstances. The permit shall specifically state its term of validity.
(c) Each appropriation permit shall state the maximum amount of water that may be taken or withdrawn per year and shall specifically describe the well or other source from which the water is to be obtained. The permit may also restrict the rate of taking or withdrawal per day, week, or month.