---
kind: "section"
citation: "43 C.F.R. § 3903.40"
title: "43"
number: "3903.40"
heading: "Rentals."
url: "https://uscodex.org/cfr/43/3903.40"
---

# §3903.40. Rentals.

- (a) The rental rate for oil shale leases is $2.00 per acre, or fraction thereof, payable annually on or before the anniversary date of the lease. Rentals paid for any 1 year are credited against any production royalties accruing for that year.
- (b) The BLM will send a notice demanding payment of late rentals. Failure to provide payment within 30 calendar days after notification will result in the BLM taking action to cancel the lease (see [§ 3934.30](/cfr/43/3934.30.md) of this chapter).

## Notes

### Authority

Authority: 30 U.S.C. 189, 359, and 241(a), 42 U.S.C. 15927, 43 U.S.C. 1732(b) and 1740.

### Source

Source: 73 FR 69469, Nov. 18, 2008, unless otherwise noted.