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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 II - Bureau of Safety and Environmental Enforcement, Department of the Interior |
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SubChapter A - Minerals Revenue Management |
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Part 204 - ALTERNATIVES FOR MARGINAL PROPERTIES |
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Subpart C - Accounting and Auditing Relief |
§ 204.211 - When may MMS rescind relief for a property?
Latest version.
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(a) MMS may retroactively rescind the relief for your property if MMS determines that your property was not eligible for the relief obtained under this subpart because:
(1) You did not submit a notice or request for relief under § 204.205;
(2) You submitted erroneous information in the notice or request for relief you provided to MMS under § 204.205 or in your royalty or production reports; or
(3) Your property is no longer eligible for relief because production increased, but you failed to provide the notice required under § 204.209(b).
(b) MMS may rescind relief for your property if MMS decides to take royalty in kind.