R652-100-300. Rentals and Royalties

1. Rentals (a) Rental rates shall be $10 per acre, or fractional part thereof, per annum. (b) The minimum annual rental on material permits shall be determined periodically by the division. 2. Royalty Rates and Provisions (a) The division shall charge full market value for all materials purchased under a materials permit. Market value shall be determined by the division through analysis of the local market. (b) The division may annually establish minimum royalty rates for materials permits based on the type of material being removed. (c) Royalty payments shall be remitted to the division on a quarterly basis and shall be accompanied by a division approved "Production and Settlement Transmittal Form".