Regulations last checked for updates: Nov 22, 2024

Title 43 - Public Lands: Interior last revised: Sep 06, 2024
All TitlesTitle 43Chapter IIPart 3500Subpart 3509 - Subpart 3509—Fractional and Future Interest Lease Applications
View all text of Subpart 3509 [§ 3509.10 - § 3509.51]
§ 3509.15 - Do I have to pay for a future interest lease?

You must pay fair market value for the mineral deposit when title vests in the United States. You also will be required to pay royalty on your production.

authority: 5 U.S.C. 552; 30 U.S.C. 189,192c,and; 43 U.S.C. 1701
source: 64 FR 53536, Oct. 1, 1999, unless otherwise noted.
cite as: 43 CFR 3509.15
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