Advance royalties.

85-04-02-07. Advance royalties. 1. As consideration for a construction aggregate lease with a term greater than one year, the lessee shall pay on the date a construction aggregate lease is issued an advance on the yearly royalty, as determined by the commissioner, but not less than one thousand dollars. 2. The advance payment is due each year in which the construction aggregate lease is in force. 3. The advance payment may be credited against construction aggregate mined during the term of the construction aggregate lease. Advance royalty payments for which a credit is not claimed must be forfeited. 4. The commissioner may adjust the advance royalty payment amount. 3 5. The commissioner may require an advance royalty deposit for a construction aggregate lease with a term of one year or less. The deposit must be credited against construction aggregate mined during the term of the construction aggregate lease. 6. If payment is not received timely, a notice of intent to terminate the construction aggregate lease must be issued by the department. History: Effective January 1, 2020; amended effective April 1, 2026. General Authority: NDCC 15-01-02, 15-05-18 Law Implemented: NDCC 15-05-18