Section R. 299.4001 - DefinitionsRule 1. As used in these rules:
(a) "Auction lease" means a lease issued as the result of competitive bidding at public auction.(b) "Bonus" means a payment by the lessee to the lessor at the time of the auction or direct lease as part of the consideration for acquisition of a metallic minerals lease.(c) "Department" means the Michigan department of natural resources.(d) "Direct metallic minerals lease" means a lease issued as the result of individual negotiations with the department.(e) "Land" means any property in which the state owns any metallic mineral rights.(f) "Lessee" means the working interest owner of a lease as shown in the records of the department as the person or entity responsible for the lease.(g) "Lessor" means the director of the Michigan department of natural resources, or the directors designee, for the state of Michigan.(h) "Metallic minerals" means all metallic minerals, metallic mineral products, ores, and concentrates as defined in the metallic minerals lease document approved by the department.(i) "Metallic minerals development lease" means a lease that allows the use of state lands for metallic mineral exploration, mining, and production.(j) "Nonleasable lands" means lands that will not be leased for metallic mineral exploration, mining, or production.(k) "Performance bond" means a surety bond, irrevocable letter of credit, certificate of deposit, or cash to guarantee that the lessee and the lessee's heirs, executors, administrators, successors, and assigns shall faithfully perform the covenants, conditions, and agreements specified in the lease and the laws and rules of the state of Michigan.(l) "Qualified party" means an individual of the age of majority or a co-partnership, corporation, or other legal entity qualified to do business in the state of Michigan.Mich. Admin. Code R. 299.4001
1984 AACS; 2018 MR 4, Eff. 2/9/2018An obvious error in R 299.4001 was corrected at the request of the promulgating agency, pursuant to Section 56 of 1969 PA 306, as amended by 2000 PA 262, MCL 24.256. The rule containing the error was published in Michigan Register, 2018 MR 4. The memorandum requesting the correction was published in Michigan Register, 2018 MR 5.