43 CFR 3934.40 - Payments due.

Regulations last checked for updates: Nov 22, 2024

Title 43 - Public Lands: Interior last revised: Sep 06, 2024

View all text of Subpart 3934 [§ 3934.10 - § 3934.50]

§ 3934.40 - Payments due.

If a lease is canceled or relinquished for any reason, all bonus, rentals, royalties, and minimum royalties paid will be forfeited, and any amounts not paid will be immediately payable to the United States.

authority: 25 U.S.C. 396d and 2107, 30 U.S.C. 241(a), 42 U.S.C. 15927,43.S.C. 1732(b), 1733, and 1740

source: 73 FR 69480, Nov. 18, 2008, unless otherwise noted.

cite as: 43 CFR 3934.40