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Bill would let land board cancel trust leases that block intended mineral development; department and industry support amendments
Summary
Senate Bill 2302 would give the state land board authority to cancel trust‑land leases if the board finds a party is holding a lease in bad faith to block development; the Department of Trust Lands and petroleum interests supported the measure and an amendment that clarifies board-level review.
Senate Bill 2302, as amended, would authorize the State Land Board to review and, where warranted after an open hearing, cancel a lease of state trust land when the board finds evidence the lessee is acting in bad faith — for example by leasing parcels to block mineral development rather than to…
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