§3581.4-1. Lease terms.
43 C.F.R. § 3581.4-1
The lease shall be issued for a period of 20 years with a preference right in the lessee to renew for a 10-year term at the end of the initial term and at the end of each 10-year period thereafter.
Notes, amendments, and revision history
Amendments
[51 FR 15213, Apr. 22, 1986; 51 FR 25204, July 11, 1986]
Authority
Authority: 16 U.S.C. 90c-1, 460n-5, 460q-5, 460dd-2, 460mm-4; 30 U.S.C. 189, 293, 359; 31 U.S.C. 9701; 43 U.S.C. 1201, 1732(b), 1733, 1740; 47 Stat. 1487.
Source
Source: 51 FR 15256, Apr. 22, 1986, unless otherwise noted.
Amendments
[51 FR 15213, Apr. 22, 1986; 51 FR 25204, July 11, 1986]