[Code of Federal Regulations]
[Title 43, Volume 1]
[Revised as of October 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR16.4]

[Page 367]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
PART 16--CONSERVATION OF HELIUM--Table of Contents
 
Sec. 16.4  Consideration to the United States; renegotiation.

    (a) The Secretary shall determine the royalty or other compensation 
to be paid by the applicant, which royalty or other compensation 
together with the royalties and other compensation paid by the oil and 
gas lessee, shall be in an amount sufficient to secure to the United 
States a return on all the values, including recovered helium.
    (b) The Secretary may require that each agreement shall contain a 
renegotiation clause providing for renegotiation of the royalty 
percentage ten years from the effective date of the agreement and at 
five-year intervals thereafter.

[29 FR 9383, July 9, 1964. Redesignated at 30 FR 9218, July 23, 1965]