47-808 — BOND
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TITLE 47
MINES AND MINING
CHAPTER 8
OIL AND GAS LEASES ON
STATE AND SCHOOL LANDS
47-808. BOND. (1) The board shall require the execution of a good and
sufficient bond in an amount the board determines reasonable which shall not
be less than one thousand dollars ($1,000) in favor of the state of Idaho
conditioned on the payment of all damages to the surface and improvements
thereon, whether or not the lands have been sold or leased for any other
purposes.
(2) Upon commencement of operations for the drilling of any well, lessee
shall be required by the board to furnish such a bond the board determines
reasonable which shall not be less than six thousand dollars ($6,000) which
bond shall be in lieu of the bond required in subsection (1) of this section
and shall cover all subsequent operations on said lease.