Montana Code > Title 77 > Chapter 4 > Part 2 – Hydroelectric Resources


§ 77-4-201	Lease or license of power sites
§ 77-4-202	Power site defined
§ 77-4-203	Restrictions and regulations
§ 77-4-204	Examination of power sites
§ 77-4-205	Notice of proposed lease or license
§ 77-4-206	Meeting of board on proposed lease or license
§ 77-4-207	Preference to bid of municipality
§ 77-4-208	Rental for power sites — deposit of rental money in proper accounts
§ 77-4-209	Duration of lease
§ 77-4-210	Joint development with United States
§ 77-4-211	Amortization of investment

Amortization: Paying off a loan by regular installments.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
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
power site: as used in this part shall mean not only the state-owned land on which the dam is constructed, but also each separate tract of such land which will become part of the reservoir and which in and of itself makes an essential contribution to the value of the power site as a whole of not less than 5% of the entire value of such power site. See Montana Code 77-4-202
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
United States: includes the District of Columbia and the territories. See Montana Code 1-1-201
Writing: includes printing. See Montana Code 1-1-203