Section 9-15-16

Maximum amount for charges for administration, etc., of lands.

In no case shall the charges for administering, managing, protecting, or developing the lands exceed 10 percent of the gross income derived from the lands.

(Acts 1945, No. 341, p. 554, §9; Acts 1973, No. 1287, p. 2200, §1; Acts 1993, No. 93-631, p. 1077, §2.)