Code of Federal Regulations · Section

§ 3903.40 — Rentals

43 C.F.R. § 3903.40

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(a) The rental rate for oil shale leases is $2.00 per acre, or fraction thereof, payable annually on or before the anniversary date of the lease. Rentals paid for any 1 year are credited against any production royalties accruing for that year.

(b) The BLM will send a notice demanding payment of late rentals. Failure to provide payment within 30 calendar days after notification will result in the BLM taking action to cancel the lease (see § 3934.30 of this chapter).

43 C.F.R. § 3903.30 43 C.F.R. § 3903.51

Authorizing Statute

Management of use, occupancy, and development of public lands
43 U.S.C. § 1732
Rules and regulations; boundary lines; State rights unaffected; taxation
30 U.S.C. § 189
Oil shale, tar sands, and other strategic unconventional fuels
42 U.S.C. § 15927