OAR 141-071-0605
Development Requirement
(1)
According to the total number of acres covered by advance rental payment each year under this lease, prior to the end of the first year of each mineral lease — an amount equal to the total number of acres leased in each lease multiplied by $1; and(2)
Prior to the end of second year of each mineral lease — an additional amount equal to the total number of acres in possession under each lease at the beginning of the second year multiplied by $2; and(3)
Prior to the end of each subsequent year of each mineral lease — an additional amount annually equal to the total number of acres in possession under each lease at the year’s beginning multiplied by $3.(4)
Development work or improvements, to be acceptable, must contribute directly to the mining or mineral potential of the property.
Source:
Rule 141-071-0605 — Development Requirement, https://secure.sos.state.or.us/oard/view.action?ruleNumber=141-071-0605
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