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Rule Title: MINIMUM LEASE CALCULATION
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Department: NATURAL RESOURCES AND CONSERVATION
Chapter: STATE LAND LEASING
Subchapter: Real Estate Management Projects
 
Latest version of the adopted rule presented in Administrative Rules of Montana (ARM):

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36.25.915    MINIMUM LEASE CALCULATION

(1) Pursuant to 77-1-905(2), MCA, the department will set the minimum annual rent for any commercial lease to obtain the full market value of that lease. Such rental shall be at a rate not less than the product of the appraised value of the land multiplied by a rate that is two percentage points a year less than the current federally-guaranteed, annual, 20-year bond rate provided by the Montana Board of Investments commercial loan rate sheet. For the purpose of calculating the minimum annual rent, the department may round the 20-year rate to the nearest whole number.

History: 77-1-209, 77-1-301, MCA; IMP, 77-1-605, 77-1-903, 77-1-912, MCA; NEW, 2008 MAR p. 2645, Eff. 12/25/08.


 

 
MAR Notices Effective From Effective To History Notes
36-22-126 12/25/2008 Current History: 77-1-209, 77-1-301, MCA; IMP, 77-1-605, 77-1-903, 77-1-912, MCA; NEW, 2008 MAR p. 2645, Eff. 12/25/08.
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