Idaho Admin. Code r. 20.03.08.047

Current through September 2, 2024
Section 20.03.08.047 - EASEMENTS ON STATE LAND UNDER LAND SALE CONTRACT
01.Approval of Contract Purchaser. The Director will not approve an easement on lands under contract of sale (land sale certificate) without the approval of the contract sale purchaser or without reviewing the consideration received to insure that the state's interests are protected.
02.Compensation. The compensation for easements on lands under land sale contract will be as set out in Section 021 except that "land value" may be the sale value. These moneys will be applied to the principal balance on the land sale contract. Additionally, the Department will collect the one hundred dollar ($100) application fee.
03.Co-Signature of Contract Purchaser. The contract sale purchaser must co-sign the easement to validate the document.

Idaho Admin. Code r. 20.03.08.047

Effective March 18, 2022