43 CFR 3452.3

§ 3452.3 Termination.

United States · 43 CFR — Public Lands: Interior · Status: effective

Cite this

Citation: 43 CFR 3452.3, § 3452.3 Termination, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/213019
Permanent ID: ys:prov:213019@1
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Full text

(a) Any lease issued or readjusted after August 4, 1976, shall be terminated if the lessee does not meet the diligent development requirements. (b) Should a lease be relinquished, cancelled or terminated for any reason, all deferred bonus payments shall be immediately payable and all rentals and royalties, including advance royalties, already paid or due, shall be forfeited to the United States.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.