1. Regulations
  2. title 43
  3. chapter II
  4. part 3130
  5. subpart 3133
  6. § 3133.2-1

View all text of Subpart 3133 [§ 3133.1 - § 3133.4]

§ 3133.2-1 - Minimum royalties.

For leases which provide for minimum royalty payments, each lessee shall pay the minimum royalty specified in the lease at the end of each lease year beginning with the first lease year following a discovery on the lease.

[46 FR 55497, Nov. 9, 1981, as amended at 53 FR 17358, May 16, 1988]

AUTHORITY: 42 U.S.C. 6508, 43 U.S.C. 1733 and 1740.

SOURCE: 46 FR 55497, Nov. 9, 1981, unless otherwise noted.

CITE AS: 43 CFR 3133.2-1