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How are rents set for leases of Sixteenth Section Land?

April 26, 2017land leases rents section sixteenth

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How are rents set for leases of Sixteenth Section Land?

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Rents for leases of Agricultural Land, hunting and fishing rights on Forest Land and mineral exploration and mining rights on all land classifications are set by competitive bids solicited through public notices published in the legal advertising section of newspapers. Fair market rental value on all other land classifications is determined by appraisal of the land.