<html> <head> <title>Rule 04:01:01:05 Minimum rental rate.</title> <META NAME="Keywords" Content="Administrative Rules 04:01:01:05"> <META NAME="Description" Content="Administrative Rules 04:01:01:05 Minimum rental rate."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>4:01:01:05.&nbsp;&nbsp;Minimum rental rate.</b> Acceptable payment in the amount computed at the rate of one dollar per acre, plus a minimum bonus calculated as provided in &nbsp;4:01:01:06 and 4:01:01:07 for each tract of land in each county, shall accompany each application, and this amount shall be forfeited if the applicant is the successful bidder and fails to execute the lease.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 2 SDR 36, effective November 20, 1975; 5 SDR 40, effective November 26, 1978.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-7-24">5-7-24</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-7-37">5-7-37.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-7-20">5-7-20</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-7-24">5-7-24</A>, <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=5-7-25">5-7-25.</A></p> </div> </body> </html>