Code of Federal Regulations · Section

§ 3581.4-2 — -2 Rate Of Royalty; Investment Determined

43 C.F.R. § 3581.4-2

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If the authorized officer finds the application sufficient to authorize the issuance of a lease, he/she shall establish a rate of royalty of not less than 5 percent or more than 12

1/2 percent of the value of the output of gold, silver or quicksilver at the mine and also shall establish the amount of investment required under the lease.

43 C.F.R. § 3581.4-1 43 C.F.R. § 3581.4-3

Authorizing Statute