2006 Louisiana Laws - RS 30:125 — Application for lease; fee

§125.  Application for lease; fee

A.  All proposals for mineral leases under this Section and R.S. 30:126 shall be submitted to and examined by the assistant secretary of the office of mineral resources who shall transmit them to the board for its action.  All proposals shall be submitted by application as provided herein in the form required by the office of mineral resources, giving the description of the land, including a map, and submission of four hundred dollars, payable to the office of mineral resources, to satisfy the cost of processing the application.  The fee shall not be returned, even in the event of a bid.

B.  All prospective leaseholders of state mineral leases shall register with the office of mineral resources.  Registration shall be in a form and content as prescribed by the office of mineral resources.  At a minimum, the registration shall include the current physical address, telephone number, email address, and facsimile number of the prospective leaseholder.  In addition, the prospective leaseholder shall submit a certificate from the secretary of state that the prospective leaseholder is registered and in good standing with the secretary of state.  The registration shall be renewed by January thirty-first each year by updating all information and providing a renewal certificate from the secretary of state authorizing the registrant to do business in the state of Louisiana.  If at any time during the period for which a given mineral lease is in full force and effect, any current record lessee of that lease fails to maintain as current his authorization to do business in the state of Louisiana as evidenced by a copy of the renewal certificate being given to the office of mineral resources, the office of mineral resources may levy liquidated damages against that lessee in the amount of one hundred dollars per day until the copy of the renewal certificate of authorization to do business is received in the office of mineral resources.  The penalty, in whole or in part, may be waived by the State Mineral Board.

Acts 1989, No. 282, §1, eff. June 27, 1989; Acts 1992, No. 177, §1; Acts 1995, No. 92, §1, eff. July 1, 1995; Acts 2002, 1st Ex. Sess., No. 106, §1, eff. April 18, 2002; Acts 2005, No. 449, §1, eff. July 11, 2005.