PRIA, Government Policy, Made Personal

Summary

If you prove to the Secretary of the Interior that you found a valuable deposit of a listed substance in your permit area and that the land is mainly valuable for that deposit, you can get a lease for part or all of the land. The lease must pay at least 2% of the quantity or gross value of potassium compounds and related products (not sodium) at the point of shipment to market. The land leased must be taken in compact legal-survey units; if the land is not surveyed, you must pay for a survey under the Secretary’s rules.

Title 30, §282

Mineral Lands and Mining, Source: USLM XML via OLRC

Upon showing to the satisfaction of the Secretary of the Interior that valuable deposits of one of the substances enumerated in this subchapter has been discovered by the permittee within the area covered by his permit, and that such land is chiefly valuable therefor, the permittee shall be entitled to a lease for any or all of the land embraced in the prospecting permit, at a royalty of not less than 2 per centum of the quantity or gross value of the output of potassium compounds and other related products, except sodium, at the point of shipment to market, such lease to be taken in compact form by legal subdivisions of the public land surveys, or if the land be not surveyed, by survey executed at the cost of the permittee in accordance with regulations prescribed by the Secretary of the Interior.

Editorial Notes

Codification Section was not enacted as part of act Feb. 25, 1920, ch. 85, 41 Stat. 437, known as the Mineral Leasing Act, which comprises this chapter.

§282 Leases to Permittees of Lands Showing Valuable Deposits; Royalty

Summary

Title 30, §282

Notes & Related Subsidiaries

Editorial Notes

Citations & Metadata