43 CFR 3583.4-2 - Royalties, rentals and minimum royalties.

Regulations last checked for updates: Jun 02, 2024

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

View all text of Subpart 3583 [§ 3583.0-3 - § 3583.5]

§ 3583.4-2 - Royalties, rentals and minimum royalties.

Rentals and royalties shall be determined by the authorized officer on the basis of the fair market value, but in no event shall be less than:

(a) A rental of 50 cents per acre or fraction thereof payable in advance until production is obtained.

(b) A minimum royalty of $1 per acre or fraction thereof payable in advance after production is obtained.

(c) A production royalty of 2 percent of the amount or value of the minerals mined, the exact amount of royalty to be fixed prior to the issuance of the lease.

authority: 16 U.S.C. 90c-1,460n,460q,460dd,460mm; 30 U.S.C. 189,293,359; 31 U.S.C. 9701; 43 U.S.C. 1201,1732,1733,1740; 47 Stat. 1487

source: 51 FR 15256, Apr. 22, 1986, unless otherwise noted.

cite as: 43 CFR 3583.4-2