Code of Federal Regulations · Section
§ 3515.15 — May Blm Initiate An Exchange?
43 C.F.R. § 3515.15
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Yes. When we do:
(a) We will notify you that we are prepared to consider exchange of a mineral lease if you relinquish your existing leasing rights.
(b) We may exchange all or any part of the lands under your preference right lease application(s) or lease(s).
Authorizing Statute
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Congressional declaration of policy43 U.S.C. § 1701