[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: 43CFR3133.2-1]

[Page 378]
 
                    TITLE 43--PUBLIC LANDS: INTERIOR
 
    CHAPTER II--BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
 
PART 3130_OIL AND GAS LEASING: NATIONAL PETROLEUM RESERVE, ALASKA--Table 
of Contents
 
                   Subpart 3133_Rentals and Royalties
 
Sec. 3133.2-1  Minimum royalties.

    For leases which provide for minimum royalty payments, each lessee 
shall pay the minimum royalty specified in the lease at the end of each 
lease year beginning with the first lease year following a discovery on 
the lease.

[46 FR 55497, Nov. 9, 1981, as amended at 53 FR 17358, May 16, 1988]