§1019. Disposal of moneys from sales, bonuses, rentals, and royalties — Inbound Citations

Citations to 30 U.S.C. § 1019 as a whole

• 30 U.S.C. § 1004(d)

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  (d) The Secretary may provide to a lessee a credit against royalties owed under this chapter, in an amount equal to the value of electricity provided under contract to a State or county government that is entitled to a portion of such royalties under section 1019 of this title, section 35 of the Mineral Leasing Act (30 U.S.C. 191), except as otherwise provided by this section, or section 355 of this title, if—

  (1) the Secretary has approved in advance the contract between the lessee and the State or county government for such in-kind payments;

  (2) the contract establishes a specific methodology to determine the value of such credits; and

  (3) the maximum credit will be equal to the royalty value owed to the State or county that is a party to the contract and the electricity received will serve as the royalty payment from the Federal Government to that entity.