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. Additionally, the bill expands the scope of resources that the board may lease, now including critical minerals and rare earth elements, and allows the board to cancel leases if a lessee is found to be obstructing resource development.

Furthermore, the bill clarifies the board's authority to establish rules and regulations for development, drilling, and mining operations on leased lands. This legislative update aims to streamline the board's operations and enhance its ability to manage state resources effectively, ensuring that the board can respond to contemporary needs in resource management and development.

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