[Code of Federal Regulations]
[Title 30, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 30CFR203.66]

[Page 22-23]
 
                       TITLE 30--MINERAL RESOURCES
 
                       DEPARTMENT OF THE INTERIOR
 
PART 203--RELIEF OR REDUCTION IN ROYALTY RATES--Table of Contents
 
               Subpart B--OCS Oil, Gas, and Sulfur General
 
Sec. 203.66  What happens if MMS does not act in the time allowed?

    If we do not act within the timeframes established under 
Sec. 203.65, you get royalty relief according to the following table.

[[Page 23]]



------------------------------------------------------------------------
                                     And we do not
 If you apply for royalty relief   decide within the    As long as you
               for                  time specified
------------------------------------------------------------------------
(a) An authorized field.........  You get the         Abide by Secs.
                                   minimum             203.70 and
                                   suspension          203.76.
                                   volumes specified
                                   in Sec.  203.69.
(b) An expansion project........  You get a royalty   Abide by Secs.
                                   suspension for      203.70 and
                                   the first year of   203.76.
                                   production.
(c) A development project.......  You get a royalty   Abide by Secs.
                                   suspension for      203.70 and
                                   initial             203.76.
                                   production for
                                   the number of
                                   months that a
                                   decision is
                                   delayed beyond
                                   the stipulated
                                   timeframes set by
                                   Sec.  203.65,
                                   plus all the
                                   royalty
                                   suspension volume
                                   for which you
                                   qualify.
------------------------------------------------------------------------


[67 FR 1875, Jan. 15, 2002]