1. Regulations
  2. title 43
  3. chapter II
  4. part 3930
  5. subpart 3934
  6. § 3934.40

View all text of Subpart 3934 [§ 3934.10 - § 3934.50]

§ 3934.40 - Payments due.

If a lease is canceled or relinquished for any reason, all bonus, rentals, royalties, and minimum royalties paid will be forfeited, and any amounts not paid will be immediately payable to the United States.

AUTHORITY: 25 U.S.C. 396d and 2107, 30 U.S.C. 241(a), 42 U.S.C. 15927, 43 U.S.C. 1732(b), 1733, and 1740.

SOURCE: 73 FR 69480, Nov. 18, 2008, unless otherwise noted.

CITE AS: 43 CFR 3934.40