(1) This section applies if--
(a) there is an overlapping resource authority for a geothermal lease; and
(b) a geothermal coordination arrangement applies to the geothermal lease; and
(c) the geothermal lease is transferred.
(2) It is a condition of the geothermal lease that its holder must continue to be a party to a geothermal coordination arrangement for the lease while the overlapping resource authority continues in force.