77-6-502. Grazing leases.
90 words·~1 min read·
/mt/title-77/chapter-6/part-5/77-6-502·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
77-6-502 . Grazing leases.
(1)The rental rate for leasing all state grazing lands must attain full market value based upon the appraised animal-unit-month carrying capacity of the land as provided in 77-6-507 .
(2)If the board raises the rentals for state grazing lands during the term of any leases of grazing land that are not issued as a result of competitive bidding, the lessee shall, for the years after the increase becomes effective, pay the increased rental, and the terms of grazing leases must provide for the increase.