Payment of the minimum bonus rate, in the amount computed at the rate of one dollar per acre for each tract of land, shall accompany each nomination. This amount is forfeited if the applicant is the successful bidder and fails to execute the lease.
S.D. Admin. R. 4:01:03:05
General Authority: SDCL 5-7-37.
Law Implemented: SDCL 5-7-37, 5-7-45.