Board to adopt rules

77-1-1117 . Board to adopt rules. To fulfill the requirement of this part, the board shall adopt rules to: (1) determine the full market value for the use of the bed of a navigable river and establish a minimum payment for leases and easements; (2) allow an applicant to choose to apply for a lease, license, or easement depending on the type of proposed use and the duration of the use; and (3) allow the holder of a lease, license, or easement to relocate or increase the size of a footprint based on natural relocation of a navigable river or other factors.