The bill amends sections 15-01-02 and 15-05-09 of the North Dakota Century Code, enhancing the powers of the board of university and school lands regarding the management and leasing of state lands. Notably, it introduces a new provision granting the board the authority to adopt necessary policies and rules to fulfill its responsibilities in accordance with applicable statutes. This addition aims to streamline the board's operations and ensure compliance with legal requirements.

Additionally, the bill revises the leasing provisions for oil, gas, and other resources. It specifies that the board may lease lands believed to contain various resources, including critical minerals and rare earth elements, and establishes the authority to cancel leases if a lessee is found to be obstructing resource development. The board is also empowered to create rules and regulations governing development, drilling, and mining operations, thereby enhancing its regulatory framework in managing state resources.

Statutes affected:
Prepared by the Legislative Council staff for Senator Patten: 15-01-02, 15-05-09
FIRST ENGROSSMENT: 15-01-02, 15-05-09
Enrollment: 15-01-02, 15-05-09