[Code of Federal Regulations]
[Title 43, Volume 2]
[Revised as of October 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 43CFR2920.8]

[Page 304]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 2920_LEASES, PERMITS AND EASEMENTS--Table of Contents
 
     Subpart 2920_Leases, Permits and Easements: General Provisions
 
Sec. 2920.8  Fees.

    (a) Rental. (1) Holders of a land use authorization shall pay 
annually or otherwise as determined by the authorized officer, in 
advance, a rental as determined by the authorized officer. The rental 
shall be based either upon the fair market value of the rights 
authorized in the land use authorization or as determined by competitive 
bidding. In no case shall the rental be less than fair market value.
    (2) Rental fees for leases and easements may be adjusted every 5 
years or earlier, as determined by the authorized officer, to reflect 
current fair market value.
    (3) The rental fees required by this section are payable when due, 
and a late charge of 1 percent per month of the unpaid amount or $15 per 
month, whichever is greater, shall be assessed if subsequent billings 
are required. Failure to pay the rental fee in a timely manner is cause 
for termination of the land use authorization.
    (b) Processing fee. Each request for renewal, transfer or assignment 
of a lease or easement shall be accompanied by a non-refundable 
processing fee of $25. The authorized officer may waive or reduce this 
fee for requests for permit renewals which can be processed with a 
minimal amount of work.