(1) If a geothermal tenure holder does not pay the annual rent as required under section 130, the holder must also pay the State a civil penalty.
(2) The amount of the penalty is the greater of the following--
(a) $1000;
(b) 15% of the rent.
(3) The penalty--
(a) must be paid on the day after the last day for payment of the rent; and
(b) is still payable even if the holder later pays the rent.
Note--
See also section 372 (Interest on amounts owing to the State).