U.S. Code, Title 30, Mineral Lands and Mining

Contents:
Author: "U.S. Congress, Office of the Law Revision Counsel"

Show Summary

§ 1007. Readjustment of Lease Terms and Conditions

(a) Initial readjustment; periodic intervals; notice; objections, relinquishment, and termination

     The Secretary may readjust the terms and conditions, except as otherwise provided herein, of any geothermal lease issued under this chapter at not less than ten-year intervals beginning ten years after the date the geothermal steam is produced, as determined by the Secretary. Each geothermal lease issued under this chapter shall provide for such readjustment. The Secretary shall give notice of any proposed readjustment of terms and conditions, and, unless the lessee files with the Secretary objection to the proposed terms or relinquishes the lease within thirty days after receipt of such notice, the lessee shall conclusively be deemed to have agreed with such terms and conditions. If the lessee files objections, and no agreement can be reached between the Secretary and the lessee within a period of not less than sixty days, the lease may be terminated by either party.

(b) Rentals and royalties; initial readjustment; periodic intervals; limitation on increases and on royalties; notice; objections, relinquishment, and termination

     The Secretary may readjust the rentals and royalties of any geothermal lease issued under this chapter at not less than twenty-year intervals beginning thirty-five years after the date geothermal steam is produced, as determined by the Secretary. In the event of any such readjustment neither the rental nor royalty may be increased by more than 50 per centum over the rental or royalty paid during the preceding period, and in no event shall the royalty payable exceed 221/2 per centum. Each geothermal lease issued under this chapter shall provide for such readjustment. The Secretary shall give notice of any proposed readjustment of rentals and royalties, and, unless the lessee files with the Secretary objections to the proposed rentals and royalties or relinquishes the lease within thirty days after receipt of such notice, the lessee shall conclusively be deemed to have agreed with such terms and conditions. If the lessee files objections, and no agreement can be reached between the Secretary and the lessee within a period of not less than sixty days, the lease may be terminated by either party.

(c) Surface use, protection, or restoration of lands withdrawn or acquired for Federal agency; notice; approval of agency

     Any readjustment of the terms and conditions as to use, protection, or restoration of the surface of any lease of lands withdrawn or acquired in aid of a function of a Federal department or agency other than the Department of the Interior may be made only upon notice to, and with the approval of, such department or agency.

(Pub. L. 91–581, § 8, Dec. 24, 1970, 84 Stat. 1569.)

Contents:

Related Resources

None available for this document.

Download Options


Title: U.S. Code, Title 30, Mineral Lands and Mining

Select an option:

*Note: A download may not start for up to 60 seconds.

Email Options


Title: U.S. Code, Title 30, Mineral Lands and Mining

Select an option:

Email addres:

*Note: It may take up to 60 seconds for for the email to be generated.

Chicago: "U.S. Congress, Office of the Law Revision Counsel", "§ 1007. Readjustment of Lease Terms and Conditions," U.S. Code, Title 30, Mineral Lands and Mining in U.S. Code, Title 30, Mineral Lands and Mining (Washington, D.C.: Government Printing Office, 2002), Original Sources, accessed August 14, 2022, http://www.originalsources.com/Document.aspx?DocID=4SZUZNTPHCWJA6J.

MLA: "U.S. Congress, Office of the Law Revision Counsel". "§ 1007. Readjustment of Lease Terms and Conditions." U.S. Code, Title 30, Mineral Lands and Mining, in U.S. Code, Title 30, Mineral Lands and Mining, Washington, D.C., Government Printing Office, 2002, Original Sources. 14 Aug. 2022. http://www.originalsources.com/Document.aspx?DocID=4SZUZNTPHCWJA6J.

Harvard: "U.S. Congress, Office of the Law Revision Counsel", '§ 1007. Readjustment of Lease Terms and Conditions' in U.S. Code, Title 30, Mineral Lands and Mining. cited in 2002, U.S. Code, Title 30, Mineral Lands and Mining, Government Printing Office, Washington, D.C.. Original Sources, retrieved 14 August 2022, from http://www.originalsources.com/Document.aspx?DocID=4SZUZNTPHCWJA6J.