Montana Code 85-1-503. Receipt of applications
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85-1-503. Receipt of applications. (1) Applications for lease may be submitted by any person qualified to do business in Montana.
Terms Used In Montana Code 85-1-503
- 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
- Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
(2)The department shall consider only applications received within 180 days after the final publication of the notice.
(3)Applications must include a statement of the capability of the applicant to achieve the annual production output estimated by the department, the estimated time to make the project operational, the bid amount of the royalty, and any other information that the department requests.