The board of university and school lands may make such rules and regulations consistent with the provisions of this code as it deems necessary to determine the amount of rent due under any coal lease, to fix the manner and time of payment thereof, and to regulate the leasing of coal lands.

Terms Used In North Dakota Code 15-05-05

  • 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