The bill establishes that leases of public lands by the state board of land commissioners (board) may be assigned by the lessee upon notice to the board and that the board cannot deny an assignment. The board may charge a fee, but the fee must approximate the board's costs in processing the assignment and cannot be used to generate revenue. If the assignment is part of a transaction involving the transfer of other lands or interests, the board does not have authority to examine documents other than those specifically related to the assignment of the lease. In addition, the bill eliminates the requirement that an applicant for a lease give evidence of his or her responsibility to fulfill the terms of the lease. The board is also prohibited from requiring lessees or applicants for leases to report yields, production, income, expenses, or other specific data related to the use of leased or private lands.
(Note: This summary applies to this bill as introduced.)