28.2-612 - Payment of annual rental; penalty for default. - Virginia Statutes

§ 28.2-612. Payment of annual rental; penalty for default.

The applicant shall pay to the Commission annual rent of $1.50 per acre orany fraction thereof, except as provided for the Chesapeake Bay and forbathing ground. Such payment shall be due on September 1 of each year afterthe date of assignment, plus a ten percent penalty if not paid on or beforeDecember 5.

(Code 1950, § 28-124; 1954, c. 352; 1958, c. 183; 1960, c. 517; 1962, c. 406,§ 28.1-109(11); 1964, c. 393; 1966, c. 684; 1970, c. 726; 1972, c. 644; 1973,c. 14; 1978, cc. 546, 548; 1980, cc. 34, 609; 1984, c. 259; 1992, c. 836.)