§3475.5. Diligent development and continued operation.
43 C.F.R. § 3475.5
In accordance with part 3480 of this title, each lease shall require:
Diligent development; and
Either (1) continued operation except when operations under the lease are interrupted by strikes, the elements or casualties not attributable to the lessee, or (2) in lieu thereof, when the Secretary determines that the public interest will be served, payment of an advanced royalty.
Notes, amendments, and revision history
Amendments
[47 FR 33151, July 30, 1982, as amended at 50 FR 8627, Mar. 4, 1985]
Authority
Authority: 30 U.S.C. 189 and 359; and 43 U.S.C. 1701 et seq.
Source
Source: 44 FR 42643, July 19, 1979, unless otherwise noted.
Amendments
[47 FR 33151, July 30, 1982, as amended at 50 FR 8627, Mar. 4, 1985]