Code of Federal Regulations · Section

§ 3583.4-2 — -2 Royalties, Rentals And Minimum Royalties

43 C.F.R. § 3583.4-2

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Rentals and royalties shall be determined by the authorized officer on the basis of the fair market value, but in no event shall be less than:

(a) A rental of 50 cents per acre or fraction thereof payable in advance until production is obtained.

(b) A minimum royalty of $1 per acre or fraction thereof payable in advance after production is obtained.

(c) A production royalty of 2 percent of the amount or value of the minerals mined, the exact amount of royalty to be fixed prior to the issuance of the lease.

43 C.F.R. § 3583.4-1 43 C.F.R. § 3583.4-3

Authorizing Statute