§1206.360. What records must I keep to support my calculations of royalty or fees under this subpart?
30 C.F.R. § 1206.360
If you determine royalties or direct use fees for your geothermal resource under this subpart, you must retain all data relevant to the determination of the royalty value or the fee you paid. Recordkeeping requirements are found at part 1212 of this chapter.
You must be able to show:
How you calculated the royalty value or fee you reported, including all allowable deductions; and
How you complied with this subpart.
Upon request, you must submit all data to ONRR. You must comply with any such requirement within the time ONRR specifies.
Notes, amendments, and revision history
Source
Source: 72 FR 24459, May 2, 2007, unless otherwise noted.
Authority
Authority: 5 U.S.C. 301 et seq., 25 U.S.C. 396, 396a et seq., 398, 398a et seq., 2101 et seq.; 30 U.S.C. 181 et seq., 351 et seq., 1001 et seq., 1701 et seq.; 43 U.S.C. 1301 et seq., 1331 et seq., and 1801 et seq.
Source
Source: 48 FR 35641, Aug. 5, 1983, unless otherwise noted. Redesignated at 75 FR 61069, Oct. 4, 2010.