Kansas Statutes 76-14a04. Lease for exploration or production of oil, gas or other minerals on certain property; money received credited to state general fund
Terms Used In Kansas Statutes 76-14a04
- 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
- Property: includes personal and real property. See Kansas Statutes 77-201
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
(a) The secretary for aging and disability services is hereby authorized and empowered to execute any lease upon such terms and conditions deemed advisable by the secretary, for the exploration or production of any oil, gas or other minerals retained by the state of Kansas in and under the property in Ellsworth county described as the southwest quarter of section 29, township 15, range eight, except the portion thereof used for cemetery purposes, as provided in Kan. Stat. Ann. § 76-14a03, and amendments thereto.
(b) The amount of money received from such lease including any money received for the production of any oil, gas or other minerals shall be credited to the state general fund.
(c) The property described in subsection (a) is deemed to be under the control of the secretary for purposes of executing such leases for the exploration or production of any oil, gas or other minerals.