The state, counties and cities and other political subdivisions may lease publicly owned lands under their respective jurisdictions for the purpose of oil or gas or metallic minerals exploration and production. Any such leases shall be entered into on behalf of the state by the executive council, on behalf of a county by the board of supervisors, on behalf of a city by the council and on behalf of another political subdivision by the governing body. The leases shall be upon terms and conditions as agreed upon.
Revenues derived from the leasing of state-owned lands shall be paid into the general fund of the state. Revenues derived from the leasing of other public lands shall be paid into the general fund of the respective lessor political subdivision.
[C39, § 1360.10; C46, 50, 54, 58, 62, § 84.10; C66, 71, 73, 75, 77, 79, 81, § 84.21; 81 Acts, ch 41, § 5]
C93, § 458A.21
Referred to in § 331.361, 331.427
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