§3509.50. Under what conditions would BLM reject my application for a fractional interest prospecting permit or lease?
43 C.F.R. § 3509.50
BLM will reject your fractional interest application if:
You do not meet the qualifications in § 3509.45 of this part;
You would have an interest in the total Federal and non-Federal mineral estate of less than 50% once the fractional interest prospecting permit or lease is issued, unless we determine it would be in the best interests of the government to issue the permit or lease; or
We determine that it is not in the public interest to grant the lease.
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.