Code of Federal Regulations · Section
§ 3509.12 — Who May Apply For A Future Interest Lease?
43 C.F.R. § 3509.12
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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.
Authorizing Statute
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Congressional declaration of policy43 U.S.C. § 1701