§191a Late Payment Charges Under Federal Mineral Leases

Summary

Late fees or interest paid to the United States because someone paid royalties, rent, bonuses, or other amounts late on a federal lease for oil, gas, coal, other minerals, or geothermal steam must go into the same account and be shared with the same recipients in the same way as the original payment. That rule applies to amounts paid on or after July 1, 1988. Late fees or interest paid before July 1, 1988 and already given to a State or other recipient are approved and will not be taken back, unless the original payment was later found not to have been owed to the United States.