GroundRules
77-6-503: Leases of city lots, town lots, and commercial property.
Where this section sits in the code
- TITLE 77. STATE LANDS
- CHAPTER 6. AGRICULTURAL, GRAZING, AND OTHER SURFACE LEASES
- Part 5. Rental Provisions
The fair rental value of state-owned town lots, city lots, and land valuable for commercial development must be determined from time to time by the department with the approval of the board, and a record must be made of the values. State-owned town lots, city lots, or land valuable for commercial development may be leased at the current appraised rental value for terms not to exceed 99 years.
Collected 2026-09-14T05:00:29Z. Source file · JSON