R850-170-1100. Renewable Energy Lease Provisions

Each lease must contain provisions necessary to ensure responsible management of trust lands, including those provisions enumerated under Section 53C-4-202 and the following provisions: (1) the term of the lease; (2) the lease rate and other payments due to the agency; (3) reporting of technical and financial data; (4) reservation for mineral exploration and development and other compatible uses, unless waived by the director; (5) operation requirements; (6) lessee's consent to suit in any dispute arising under the terms of the lease or as a result of operations carried on under the lease; (7) procedures of notification; (8) transfers of lease interest by lessee; (9) terms and conditions of lease forfeiture; and (10) protection of the state from liability associated with the actions of the lessee on the subject property.