§3509.15. Do I have to pay for a future interest lease?
43 C.F.R. § 3509.15
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.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 552; 30 U.S.C. 189, 192c, and 209; 43 U.S.C. 1701 et seq.; and sec. 402, Reorganization Plan No. 3 of 1946 (5 U.S.C. appendix).
Source
Source: 64 FR 53536, Oct. 1, 1999, unless otherwise noted.