Idaho Code § 47-805: Annual rental — Amount — Minimum royalty.
Where this section sits in the code
- TITLE 47 MINES AND MINING
- CHAPTER 8 OIL AND GAS LEASES ON STATE AND SCHOOL LANDS
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.
Collected 2026-09-04T11:22:13Z. Source file · JSON