1. Regulations
  2. title 43
  3. chapter II
  4. part 3500
  5. subpart 3509
  6. § 3509.12

View all text of Subpart 3509 [§ 3509.10 - § 3509.51]

§ 3509.12 - Who may apply for a future interest lease?

You may apply for a future interest lease only if you have a present interest in the minerals. You must hold more than 50 per cent of either the fee interest, a lease interest or an operating rights interest. You must also meet the qualification requirements set forth in subpart 3502 of this part.

AUTHORITY: 5 U.S.C. 552; 30 U.S.C. 189, 192c, and 209; 43 U.S.C. 1701

SOURCE: 64 FR 53536, Oct. 1, 1999, unless otherwise noted.

CITE AS: 43 CFR 3509.12