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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 43 - Public Lands: Interior |
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Subtitle B - Regulations Relating to Public Lands |
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Chapter II - Bureau of Land Management, Department of the Interior |
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SubChapter C - Minerals Management (3000) |
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Part 3500 - Leasing of Solid Minerals Other Than Coal and Oil Shale |
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Subpart 3509 - Fractional and Future Interest Lease Applications |
§ 3509.15 - Do I have to pay for a future interest lease?
Latest version.
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§ 3509.15 Do I have to pay for a future interest lease?
You must pay fair market value for the mineral deposit when title vests in the United States. You also will be required to pay royalty on your production.