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76-164. Board of regents may lease lands for oil, gas or other minerals. The state board of regents is hereby authorized to lease any of the lands under its control, the title of which is vested in the state of Kansas, for the production of oil, gas or other minerals which the board may deem valuable for that purpose. All such leases shall be on such terms and conditions as the board of regents may prescribe: Provided, however, That such leases shall not be for a period of more than ten years, and so long as oil, gas or other minerals are produced in paying quantities thereon: And provided further, Such leases shall retain to the state a royalty interest of not less than one-eighth part of all the oil, gas or other minerals produced.

History: L. 1943, ch. 268, ยง 1; March 5.

Cross References to Related Sections:

Lease of abandoned lands of Fort Hays military reservation, see 76-514 through 76-518.

Lease of certain university lands for airport purposes, see 76-329, 76-329a.

Attorney General's Opinions:

Mineral leases by state park and resources authority. 83-74.

CASE ANNOTATIONS

1. State land acquired by federal act for college benefit; use of proceeds. State, ex rel., v. Board of Regents, 176 Kan. 179, 180, 269 P.2d 425.


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