Montana Code 77-4-304. Rental and disposition of rent and other receipts
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77-4-304. Rental and disposition of rent and other receipts. (1) The rental payment to the state for a wind resource development lease may not be less than the full market value of the interest described in the approved lease.
Terms Used In Montana Code 77-4-304
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
(2)Rentals are credited to the income fund of the grant to which the lands under each lease belong.