Code of Federal Regulations · Section
§ 550.1471 — Does The Penalty Affect Whether I Owe Interest?
30 C.F.R. § 550.1471
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If you do not pay the penalty by the date required under § 550.1475(d), BOEM will assess you late payment interest on the penalty amount at the same rate interest is assessed under 30 CFR 1218.54.
Authorizing Statute
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Administration of leasing43 U.S.C. § 1334
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Fees and charges for Government services and things of value31 U.S.C. § 9701
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Secretarial authority30 U.S.C. § 1751