060-6 Wyo. Code R. § 6-5 - Term of Leases
(a) Wind energy
leases may be for any term, up to seventy-five (75) years, at the discretion of
the Board.
(b) The Board shall set
the term of the lease for a period that does not exceed the anticipated
economic life of the lessee improvements for wind energy development.
(c) The Board may extend the lease term if
the Board determines that the economic life of the proposed use has not been
reached, provided:
(i) All of the criteria
within this section of the rules are still met; and
(ii) The overall term of the lease does not
exceed seventy-five (75) years.
(d) The Board shall include provisions within
the wind energy lease that promote development within a reasonable time
including, but not limited to, provisions which provide that the lease may be
cancelled in whole or in part if development does not occur within a reasonable
time.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
(a) Wind energy leases may be for any term, up to seventy-five (75) years, at the discretion of the Board .
(b) The Board shall set the term of the lease for a period that does not exceed the anticipated economic life of the lessee improvements for wind energy development.
(c) The Board may extend the lease term if the Board determines that the economic life of the proposed use has not been reached, provided:
(i) All of the criteria within this section of the rules are still met; and
(ii) The overall term of the lease does not exceed seventy-five (75) years.
(d) The Board shall include provisions within the wind energy lease that promote development within a reasonable time including, but not limited to, provisions which provide that the lease may be cancelled in whole or in part if development does not occur within a reasonable time.