§225.23. Economic assessments.
25 C.F.R. § 225.23
The Secretary shall prepare or cause to be prepared an economic assessment that shall address, among other things:
Whether there are assurances in the minerals agreement that operations shall be conducted with appropriate diligence;
Whether the production royalties or other form of return on mineral resources is adequate; and
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.
Notes, amendments, and revision history
Authority
Authority: 25 U.S.C. 2, 9, and 2101-2108; and Sec. 701, Pub. L. 114-74, 129 Stat. 599.
Source
Source: 59 FR 14971, Mar. 30, 1994, unless otherwise noted.