Code of Federal Regulations · Section
§ 3475.2 — Duration Of Leases
43 C.F.R. § 3475.2
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Leases shall be issued for a period of 20 years and so long thereafter as the condition of continued operation is met. If the condition of continued operation is not met the lease shall be cancelled as provided in § 3452.2 of this title.
Authorizing Statute
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Congressional declaration of policy43 U.S.C. § 1701