RCW 79.14.410Prospecting and mining—Minimum royalty.Mining contracts entered into as provided in chapter 79.14 RCW shall provide for the payment to the state of production royalties as set by the board. A lessee shall pay in advance annually a minimum royalty which shall be set by the board. The minimum royalty shall be allowed as a credit against production royalties due during the contract year.[ 2003 c 334 s 409; 1987 c 20 s 12; 1965 c 56 s 12; 1959 c 257 s 38; 1945 c 103 s 2; 1927 c 255 s 162; Rem. Supp. 1945 s 7797-162. Prior: 1917 c 148 s 4; 1901 c 151 s 3; 1897 c 89 s 7. Formerly RCW 79.01.644, 78.20.090.]NOTES:Intent—2003 c 334: See note following RCW 79.02.010.
Washington Legal Code