43 CFR 3109.1-5 - Compensatory royalty agreement or lease.

Regulations last checked for updates: Jun 02, 2024

Title 43 - Public Lands: Interior last revised: May 13, 2024

View all text of Subpart 3109 [§ 3109.1 - § 3109.3]

§ 3109.1-5 - Compensatory royalty agreement or lease.

(a) The lease or compensatory royalty agreement shall be on a form approved by the Director.

(b) The royalty to be charged shall be fixed by the Bureau of Land Management in accordance with the provisions of § 3103.3 of this title, but shall not be less than 12 1/2 percent.

authority: 25 U.S.C. 396d and 2107; 30 U.S.C. 189,306,359; 43 U.S.C. 1732(b), 1733, and 1740; and the Energy Policy Act of 2005 (Pub. L. 109-58)

source: 48 FR 33662, July 22, 1983, unless otherwise noted.

cite as: 43 CFR 3109.1-5