2021 US Code
Title 30 - Mineral Lands and Mining
Chapter 29 - Oil and Gas Royalty Management
Subchapter I - Federal Royalty Management and Enforcement
Sec. 1716 - Liabilities and bonding

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Citation 30 U.S.C. § 1716 (2021)
Section Name §1716. Liabilities and bonding
Section Text

A person (including any agent or employee of the United States and any independent contractor) authorized to collect, receive, account for, or otherwise handle any moneys payable to, or received by, the Department of the Interior which are derived from the sale, lease, or other disposal of any oil or gas shall be—

(1) liable to the United States for any losses caused by any intentional or reckless action or inaction of such individual with respect to such moneys; and

(2) in the case of an independent contractor, required as the Secretary deems necessary to maintain a bond commensurate with the amount of money for which such individual could be liable to the United States.

Source Credit

(Pub. L. 97–451, title I, §106, Jan. 12, 1983, 96 Stat. 2452.)

Publication Title United States Code, 2018 Edition, Supplement 3, Title 30 - MINERAL LANDS AND MINING
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 30 - MINERAL LANDS AND MINING
CHAPTER 29 - OIL AND GAS ROYALTY MANAGEMENT
SUBCHAPTER I - FEDERAL ROYALTY MANAGEMENT AND ENFORCEMENT
Sec. 1716 - Liabilities and bonding
Contains section 1716
Date 2021
Laws In Effect As Of Date January 3, 2022
Positive Law No
Disposition standard
Statutes at Large References 96 Stat. 2452
Public Law References Public Law 97-451
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