§1721. Royalty terms and conditions, interest, and penalties — Inbound Citations
30 U.S.C. § 1721
Cited by 1 provision in release 119-102.
Citations to 30 U.S.C. § 1721 as a whole
-
(b) Notwithstanding any other provision of law, any payment to a State under this section shall be made by the Secretary of the Interior and shall be made not later than the last business day of the month following the month in which such moneys or associated reports are received by the Secretary of the Interior, whichever is later. The preceding sentence shall also apply to any payment to a State derived from a lease for mineral resources issued by the Secretary of the Interior under section 520 of title 16. The Secretary shall pay interest to a State on any amount not paid to the State within that time at the rate prescribed under section 17211 of this title from the date payment was required to be made under this subsection until the date payment is made.