2005 Idaho Code - 47-805 — ANNUAL RENTAL -- AMOUNT -- MINIMUM ROYALTY

                                  TITLE  47
                               MINES AND MINING
                                  CHAPTER 8
                            OIL AND GAS LEASES ON
                            STATE AND SCHOOL LANDS
    47-805.  ANNUAL RENTAL -- AMOUNT -- MINIMUM ROYALTY. Oil and gas leases
shall be issued at an annual rental of not less than twenty-five cents (25¢)
per acre, payable in advance, and royalty on oil and gas lands shall not be
less than twelve and one-half per cent (12 1/2%) of oil and/or gas produced
and saved from said lands under said lease. Royalties shall be paid in
addition to rental payments, at the discretion of the board of land
commissioners.