2011 US Code
Title 10 - Armed Forces
Subtitle C - Navy and Marine Corps (§§ 5001 - 7921)
Part IV - GENERAL ADMINISTRATION (§§ 7201 - 7921)
Chapter 641 - NAVAL PETROLEUM RESERVES (§§ 7420 - 7439)
Section 7433 - Disposition of royalties
View Metadata| Publication Title | United States Code, 2006 Edition, Supplement 5, Title 10 - ARMED FORCES |
| Category | Bills and Statutes |
| Collection | United States Code |
| SuDoc Class Number | Y 1.2/5: |
| Contained Within | Title 10 - ARMED FORCES Subtitle C - Navy and Marine Corps PART IV - GENERAL ADMINISTRATION CHAPTER 641 - NAVAL PETROLEUM RESERVES Sec. 7433 - Disposition of royalties |
| Contains | section 7433 |
| Date | 2011 |
| Laws in Effect as of Date | January 3, 2012 |
| Positive Law | Yes |
| Disposition | standard |
| Source Credit | Aug. 10, 1956, ch. 1041, 70A Stat. 461; Pub. L. 87-796, §1(9), Oct. 11, 1962, 76 Stat. 905; Pub. L. 94-258, title II, §201(14), (15), Apr. 5, 1976, 90 Stat. 313. |
| Statutes at Large References | 41 Stat. 437, 813 52 Stat. 1254 58 Stat. 281 76 Stat. 905 90 Stat. 313 |
| Public Law References | Public Law 87-796, Public Law 94-258 |
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(a) Any oil, gas, gasoline or other substance accruing to the United States as royalty from any lease under this chapter shall be delivered to the United States, or shall be paid for in money, as the Secretary elects.
(b) All money accruing to the United States from lands in the naval petroleum reserves shall be covered into the Treasury.
(Aug. 10, 1956, ch. 1041, 70A Stat. 461; Pub. L. 87–796, §1(9), Oct. 11, 1962, 76 Stat. 905; Pub. L. 94–258, title II, §201(14), (15), Apr. 5, 1976, 90 Stat. 313.)
| Revised section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 7433 | 34 U.S.C. 524 (10th par.). | June 4, 1920, ch. 228 (10th par. of amended 3d and 4th provisos), 41 Stat. 813; June 30, 1938, ch. 851, §1, 52 Stat. 1254; June 17, 1944, ch. 262, 58 Stat. 281. |
In subsection (a) the words “or all” are omitted as surplusage. The words “under this chapter” are substituted for the words “of lands within the naval petroleum reserves or other naval fuel reserves under the authority of this section” for brevity. The words “be delivered to the United States, or shall be paid for in money” are substituted for the words “be paid for in money or be paid in kind” for clarity. Neither gas, oil, gasoline, nor hydrocarbon can be “paid”, but any one of them may be delivered.
In subsection (b) the words “except as otherwise provided in this section” are omitted as surplusage. There is no exception within the chapter to the rule stated in subsection (b). The word “paid” is substituted for the words “which may accrue” for clarity. The words “under this chapter” are substituted for the words “under the provisions of this section or of sections * * * on account of the petroleum products extracted therefrom” for brevity. The two terms are coextensive. The sections of 30 U.S.C. that are cited in 34 U.S.C. 524 (10th par.) comprise the entire Act of Feb. 25, 1920, ch. 85, 41 Stat. 437, as amended. The application of that Act to the Navy is covered in §7427 of this title. The words “as miscellaneous receipts” are omitted as surplusage.
Amendments1976—Subsec. (a). Pub. L. 94–258, §201(14), struck out “of the Navy” after “Secretary”.
Subsec. (b). Pub. L. 94–258, §201(15), struck out “and oil shale” after “petroleum”.
1962—Subsec. (a). Pub. L. 87–796 substituted “or other substance” for “or other hydrocarbon substance”.
Subsec. (b). Pub. L. 87–796 substituted “All money accruing to the United States from lands in the naval petroleum and oil shale reserves” for “Money paid to the United States for petroleum products under this chapter”.
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