Changes to Existing Law
HB1030 — allow the Office of School and Public Lands to accept internet bidding for the leasing of state minerals.
1 section modified+21-4
View:
§ 5-7-2
Amended+21-4
Section 5-7-2 — AMENDED
It is hereby specifically provided that all leases for prospecting for, producing, and5 marketing oil and gas, geothermal resources, bentonite, and gypsum, shall be, and for feldspar, mica, coal, and all other minerals or combinations thereof, may be, issued after advertising and7 sale at public auction to the highest bidder on oral bids. The public auction may be an electronic event that is advertised and made available to the public via the internet. The sale of sand, gravel, rock, stone, clay, shale, and lake sediment are specifically exempted from the provisions10 of this section. 100 copies were printed on recycled paper by the South DakotaLegislative Research Council at a cost of $.167 per page.v Insertions into existing statutes are indicated by underscores.Deletions from existing statutes are indicated by overstrikes.