STATEMENT OF PURPOSE
RS27687C2 / H0547
This legislation involves mineral leases with the Idaho Department of Lands. Mining exploration, prospecting
and operations are measured in years and decades rather than days and months. This legislation clarifies the
length of leasing terms and how a mineral lease with the Idaho Department of Lands may be continued based
on the actions of the lessee. The purpose of these revisions is to encourage mining exploration, prospecting
and operations of mining lessees on endowment lands. If the mining lessee's efforts produce minerals, then the
endowments receive more returns in royalties.
FISCAL NOTE
There is no fiscal impact to the General Fund, as the Idaho Department of Lands already has an established
division within the agency focused on mineral leases. Mineral development has differing levels of success,
therefore the fiscal impact on the endowments may be positive or negative depending on the success of the
mining exploration, prospecting and operations of lessees.
Contact:
Benjamin Davenport , Idaho Mining Association
(208) 342-0031
Jeremy Chou, Givens Pursley
(208) 288-1200
DISCLAIMER: This statement of purpose and fiscal note are a mere attachment to this bill and prepared by a proponent
of the bill. It is neither intended as an expression of legislative intent nor intended for any use outside of the legislative
process, including judicial review (Joint Rule 18).
Statement of Purpose / Fiscal Note Bill SOP/FN INTRODUCED: 02/24/2020, 9:20 AM


Statutes affected:
Bill Text: 47-703, 47-704, 47-707