2004 US Code
Title 30 - MINERAL LANDS AND MINING
CHAPTER 23 - GEOTHERMAL STEAM AND ASSOCIATED GEOTHERMAL RESOURCES
Sec. 1007 - Readjustment of lease terms and conditions
View MetadataPublication Title | United States Code, 2000 Edition, Supplement 4, 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 23 - GEOTHERMAL STEAM AND ASSOCIATED GEOTHERMAL RESOURCES Sec. 1007 - Readjustment of lease terms and conditions |
Contains | section 1007 |
Date | 2004 |
Laws in Effect as of Date | January 3, 2005 |
Positive Law | No |
Disposition | standard |
Source Credit | Pub. L. 91-581, §8, Dec. 24, 1970, 84 Stat. 1569. |
Statutes at Large Reference | 84 Stat. 1569 |
Public Law Reference | Public Law 91-581 |
§1007. Readjustment of lease terms and conditions (a) Initial readjustment; periodic intervals; notice; objections, relinquishment, and termination
The Secretary may readjust the terms and conditions, except as otherwise provided herein, of any geothermal lease issued under this chapter at not less than ten-year intervals beginning ten years after the date the geothermal steam is produced, as determined by the Secretary. Each geothermal lease issued under this chapter shall provide for such readjustment. The Secretary shall give notice of any proposed readjustment of terms and conditions, and, unless the lessee files with the Secretary objection to the proposed terms or relinquishes the lease within thirty days after receipt of such notice, the lessee shall conclusively be deemed to have agreed with such terms and conditions. If the lessee files objections, and no agreement can be reached between the Secretary and the lessee within a period of not less than sixty days, the lease may be terminated by either party.
(b) Rentals and royalties; initial readjustment; periodic intervals; limitation on increases and on royalties; notice; objections, relinquishment, and terminationThe Secretary may readjust the rentals and royalties of any geothermal lease issued under this chapter at not less than twenty-year intervals beginning thirty-five years after the date geothermal steam is produced, as determined by the Secretary. In the event of any such readjustment neither the rental nor royalty may be increased by more than 50 per centum over the rental or royalty paid during the preceding period, and in no event shall the royalty payable exceed 221/2 per centum. Each geothermal lease issue 1 under this chapter shall provide for such readjustment. The Secretary shall give notice of any proposed readjustment of rentals and royalties, and, unless the lessee files with the Secretary objection to the proposed rentals and royalties or relinquishes the lease within thirty days after receipt of such notice, the lessee shall conclusively be deemed to have agreed with such terms and conditions. If the lessee files objections, and no agreement can be reached between the Secretary and the lessee within a period of not less than sixty days, the lease may be terminated by either party.
(c) Surface use, protection, or restoration of lands withdrawn or acquired for Federal agency; notice; approval of agencyAny readjustment of the terms and conditions as to use, protection, or restoration of the surface of any lease of lands withdrawn or acquired in aid of a function of a Federal department or agency other than the Department of the Interior may be made only upon notice to, and with the approval of, such department or agency.
(Pub. L. 91–581, §8, Dec. 24, 1970, 84 Stat. 1569.)
1 So in original. Probably should be “issued”.
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