Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 43 - Public Lands: Interior |
Subtitle B - Regulations Relating to Public Lands |
Chapter II - Bureau of Land Management, Department of the Interior |
SubChapter C - Minerals Management (3000) |
Part 3580 - Special Leasing Areas |
Subpart 3581 - Gold, Silver, or Quicksilver in Confirmed Private Land Grants |
§ 3581.4-2 - Rate of royalty; investment determined.
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§ 3581.4-2 Rate of royalty; investment determined.
If the authorized officer finds the application sufficient to authorize the issuance of a lease, he/she shall establish a rate of royalty of not less than 5 percent or more than 121⁄2 percent of the value of the output of gold, silver or quicksilver at the mine and also shall establish the amount of investment required under the lease.