1. Regulations
  2. title 43
  3. chapter II
  4. part 3130
  5. subpart 3135
  6. § 3135.5

View all text of Subpart 3135 [§ 3135.1 - § 3135.8]

§ 3135.5 - When should I stop paying rental or royalty after BLM requires or approves a suspension of operations and production ?

You should stop paying rental or royalty on the first day of the month that the suspension is effective. However, if there is any production sold or removed during that month, you must pay royalty on that production.

[67 FR 17886, Apr. 11, 2002]

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 3135.5