Regulations last checked for updates: Nov 24, 2024

Title 25 - Indians last revised: Mar 22, 2024
§ 225.23 - Economic assessments.

The Secretary shall prepare or cause to be prepared an economic assessment that shall address, among other things:

(a) Whether there are assurances in the minerals agreement that operations shall be conducted with appropriate diligence;

(b) Whether the production royalties or other form of return on mineral resources is adequate; and

(c) Whether the minerals agreement is likely to provide the Indian mineral owner with a return on the production comparable to what the owner might otherwise obtain through competitive bidding, when such a comparison can reasonably be made.

authority: 25 U.S.C. 2,9,and; and Sec. 701, Pub. L. 114-74, 129 Stat. 599
source: 59 FR 14971, Mar. 30, 1994, unless otherwise noted.
cite as: 25 CFR 225.23