1. Regulations
  2. title 43
  3. chapter II
  4. part 3580
  5. subpart 3583
  6. § 3583.4-2

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-5, 460q-5, 460dd-2, 460mm-4; 30 U.S.C. 189, 293, 359; 31 U.S.C. 9701; 43 U.S.C. 1201, 1732(b), 1733, 1740; 47 Stat. 1487.

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

CITE AS: 43 CFR 3583.4-2