§3513.12. What criteria does BLM consider in approving a waiver, suspension, or reduction in rental or minimum royalty, or a reduction in the royalty rate?

43 C.F.R. § 3513.12

We will consider if approval:

(a)

Is in the interest of conservation;

(b)

Will encourage the greatest ultimate recovery of the resource; and

(c)

Is necessary either to promote development of the mineral resources or because you cannot successfully operate the lease under existing terms.

Notes, amendments, and revision history

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: 64 FR 53536, Oct. 1, 1999, unless otherwise noted.