5119.40 Oil and gas leases. - Ohio Statutes

5119.40 Oil and gas leases.

The director of mental health may lease, for oil and gas, any real estate owned by the state and placed under the supervision of the department, to any person, upon such terms and for such number of years, not more than forty, as will be in the best interest of the state. No lease shall be agreed upon or entered into before the proposal to lease the property has been advertised once each week for four weeks in a newspaper of general circulation in the county in which the property is located. The lease shall be made with the person offering the best terms to the state.

The director, in the lease, may grant to the lessee the right to use as much of the surface of the land as may be reasonably necessary to carry on the work of prospecting for, extracting, piping, storing, and removing all oil or gas, and for depositing waste material and maintaining such buildings and constructions as are reasonably necessary for exploring or prospecting for such oil and gas.

All leases made under this section shall be prepared by the attorney general and approved by the governor.

Effective Date: 07-01-1993