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Code of Federal Regulations (Last Updated: July 5, 2024) |
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Title 30 - Mineral Resources |
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Chapter XII - Office of Natural Resources Revenue, Department of the Interior |
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SubChapter A - Natural Resources Revenue |
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Part 1204 - Alternatives for Marginal Properties |
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Subpart C - Accounting and Auditing Relief |
§ 1204.212 - What if I took relief for which I was ineligible?
Latest version.
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§ 1204.212 What if I took relief for which I was ineligible?
If you took relief under this subpart for a period for which you were not eligible, you:
(a) May owe additional royalties and late payment interest determined under § 1218.54 from the date your additional payments were due until the date ONRR receives them; and
(b) May be subject to civil penalties.