65A-6-12 - Agreements for the administration of mineral leases by a federal agency.
65A-6-12. Agreements for the administration of mineral leases by a federal agency.
(1) If the state has succeeded or will succeed to the position of the United States under afederal mineral or prospecting permit in which only a portion of the lands are subject to thepermit, agreements may be entered into with the federal agency having jurisdiction over theremaining portion providing for the continued administration by that agency of the entire lease orpermit or any lease pursuant to that permit.
(2) Consideration for continued administration of the federal agency may not exceed 10%of the revenue allocable to the state's portion.
Amended by Chapter 294, 1994 General Session