Code of Federal Regulations · Section
§ 3509.45 — Who May Apply For A Fractional Interest Prospecting Permit Or Lease?
43 C.F.R. § 3509.45
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Only persons who have an interest in the non-Federal share of the same minerals may apply for a fractional interest lease of the minerals. Applicants must also meet the qualification standards in subpart 3502 of this part.
Authorizing Statute
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Congressional declaration of policy43 U.S.C. § 1701