NRS 322.030
Rentals and royalties.

1.

Such leases shall be based upon a fixed rental of not less than $1 per acre annually for each acre contained therein, and shall further provide for a royalty of not less than:

(a)

Fifteen percent of the gross value of all oil, gas or other hydrocarbons extracted therefrom.

(b)

Ten percent of the gross value of any geothermal resource derived from the lease and sold or utilized or reasonably susceptible to sale or utilization by the lessee and 5 percent of the gross value of any by-product sold or utilized or reasonably susceptible to sale or utilization by the lessee.

2.

Each lease shall be negotiated upon such terms and for such rent and royalty as are most favorable to the State and not less favorable than similar leaseholds in the vicinity.

3.

As used in this section, “by-product” means a tangible substance produced or extracted in the utilization of a geothermal resource.

Source: Section 322.030 — Rentals and royalties., https://www.­leg.­state.­nv.­us/NRS/NRS-322.­html#NRS322Sec030.

322.003
Definitions. 322.004
“Boat slip” defined. 322.005
“Geothermal resource” defined. 322.006
“Recreational dredging” defined. 322.007
Approval of certain leases required. 322.010
Authorization. 322.020
Sizes of leased areas 322.030
Rentals and royalties. 322.0032
“Agricultural use” defined. 322.0034
“Boat-fueling facility” defined. 322.0036
“Boat hoist” defined. 322.0037
“Boat house” defined. 322.0038
“Boat ramp” defined. 322.040
Form of lease 322.0042
“Commercial use” defined. 322.0043
“Deck” defined. 322.0044
“Dredging” defined. 322.0046
“Filling” defined. 322.050
Leases of or easements over state lands authorized 322.0052
“Littoral or riparian residential parcel” defined. 322.0054
“Mooring buoy” defined. 322.0056
“Multiple residential use” defined. 322.0058
“Pier” defined. 322.060
Certain leases or easements over state lands: Size of area 322.061
Lease of land at reduced rate to persons who intend to locate or expand business in this State 322.0062
“Single residential use” defined. 322.063
Lease of state land to certain state officers or employees for reduced charge 322.065
Lease of state land to certain nonprofit organizations or educational institutions for reduced charge 322.0066
“Vessel” defined. 322.067
Waiver of fee for grant of easement to local government for public road. 322.070
Leases of land for private development. 322.075
Fees for leases of land for grazing livestock: Conditions 322.100
Authority of State Land Registrar to issue permit, license or other authorization for any lawful use 322.110
Establishment of fees for consideration of applications for use of state lands 322.120
Establishment of fees: Permit for use of piers or other related facilities 322.125
Credit toward fee for commercial use of state land. 322.130
Fee for permit for dredging or filling, construction or installation of certain structures. 322.140
Waiver of fees by State Land Registrar. 322.150
Exemption from fees for assignment of state lands to state agency. 322.160
Accounting and use of proceeds of fees. 322.170
Regulations. 322.1003
Permit, license or other authorization to use state land or state facilities for recreational purpose: Statement by applicant concerning payment of child support 322.1005
Permit, license or other authorization to use state land or state facilities for recreational purpose: Suspension for failure to pay child support or comply with certain subpoenas or warrants 322.1007
Performance of work below high water mark of navigable river: Application and fees for permit
Last Updated

Jun. 24, 2021

§ 322.030’s source at nv​.us