77-4-127. Disposition of royalties and other receipts.
77-4-127. Disposition of royalties and other receipts. (1) The department shall credit fees collected under geothermal leases to the general fund.
(2) All rentals, penalties, and bonuses shall be credited to the income fund of the grant to which the lands under each lease belong.
(3) All moneys collected as royalties shall be credited to the permanent fund arising from the grant to which the land under each particular lease belongs.
History: En. 81-2610 by Sec. 10, Ch. 111, L. 1974; R.C.M. 1947, 81-2610.