10-U.S.C.-7433
§7433 – Disposition of Royalties
Pathway
Title 10 > Subtitle C > Part IV > Chapter 641 > Section 7433
Details
- Reference: Section 7433
- Legend: §7433 – Disposition of Royalties
- USCode Year: 2013
Provision Content
(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.
Amendments
1976—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.
U.S. Encyclopedia of Law Coverage
10-U.S.C.-7341 in the Legal Encyclopedia: Navy
In this entry about 10-U.S.C.-7341, find legal reference material, bibliographies and premiere content related to navy in the American Encyclopedia of Law, presenting a comprehensive view of the United States navy-specific issues, written by authorities in the field.
10-U.S.C.-7395 in the Legal Encyclopedia: Navy Administration
In this entry about 10-U.S.C.-7395, find legal reference material, bibliographies and premiere content related to navy administration in the American Encyclopedia of Law, presenting a comprehensive view of the United States navy administration-specific issues, written by authorities in the field.
Leave a Reply