HAR §13-183-50. Approval of leasing without public auction

The board may, by the vote of two-thirds of its voting members, grant a mining lease on reserved lands to the occupier thereof or the occupier's assignee of the right to apply for a lease thereof without public auction pursuant to §182-5, Hawaii Revised Statutes. The board shall determine the annual rental to be paid to the State for the right to develop and utilize the geothermal resources reserved to the state and the royalty on geothermal production as prescribed in §13-183-31. The board may also require the payment of cash bonus, percentage of the net profit, or otherwise. [Eff. JUN 22 1981] (Auth: HRS §182-14) (Imp: HRS §182-5) Subchapter 6. Leases; Surface Rights and Obligations