HAR §13-183-30. Rentals

(a) The lessee of a mining lease shall pay to the State in advance each year the annual rental specified for each acre or fraction thereof under the lease. The annual rental for the first year of the lease shall be due and payable and shall be received in the office of the department in Honolulu within two days after the acceptance of the bid by the board and the $500 bid deposit shall be credited against the sum. Where a lease is granted without public auction, the board may impose other terms and conditions for first-year rental payment. Second year and subsequent rental payments shall be received in the office of the department in Honolulu on or before the anniversary date of the lease. (b) Annual rentals for each acre or fraction thereof under lease by public auction or negotiation shall be at the price bid at public auction or as set by the board, respectively. The annual rental due and paid each year shall be credited against production royalties due and accrued during that same year. The annual rental due a given year shall not be credited against production royalties due in future years. [Eff. JUN 22 1981] (Auth: HRS §182-14) (Imp: HRS §182-9)