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.
RCW 79.14.410
Prospecting and mining—Minimum royalty.
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
Official source: Washington State Legislature. Reproduced from public-domain Washington statutes; confirm against the official source for the current text. Not legal advice.