Montana HB80 modifies cash lease-only bidding for state land agricultural leases.
Montana HB80 modifies the bidding process for state land agricultural leases, requiring cash lease-only bidding. It amends the deposit requirements for bidders, stating that the department must return deposits of unsuccessful bidders and forfeit deposits of those submitting frivolous, forged, or bad faith bids. If the successful bidder fails to execute the lease, the deposit is forfeited. The bill also amends the penalty for late rental payments and the conditions for lease cancellation.
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