§3581.4-2. Rate of royalty; investment determined.
43 C.F.R. § 3581.4-2
If the authorized officer finds the application sufficient to authorize the issuance of a lease, he/she shall establish a rate of royalty of not less than 5 percent or more than 12 1/2 percent of the value of the output of gold, silver or quicksilver at the mine and also shall establish the amount of investment required under the lease.
Notes, amendments, and revision history
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.