43 CFR 3903.40
§ 3903.40 Rentals.
United States · 43 CFR — Public Lands: Interior · Status: effective
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- Citation
- 43 CFR 3903.40, § 3903.40 Rentals, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/214121
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Full text
(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 of this chapter).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.