30-U.S.C.-282
§282 – Leases to Permittees of Lands Showing Valuable Deposits; Royalty
Pathway
Title 30 > Chapter 3A > Subchapter IX > Section 282
Details
- Reference: Section 282
- Legend: §282 – Leases to Permittees of Lands Showing Valuable Deposits; Royalty
- USCode Year: 2013
Provision Content
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.
(Feb. 7, 1927, ch. 66, §2, 44 Stat. 1057.)
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.
U.S. Encyclopedia of Law Coverage
30-U.S.C.-229 in the Legal Encyclopedia: Mining
In this entry about 30-U.S.C.-229, find legal reference material, bibliographies and premiere content related to mining in the American Encyclopedia of Law, presenting a comprehensive view of the United States mining-specific issues, written by authorities in the field.
30-U.S.C.-221 in the Legal Encyclopedia: Permits
In this entry about 30-U.S.C.-221, find legal reference material, bibliographies and premiere content related to permits in the American Encyclopedia of Law, presenting a comprehensive view of the United States permits-specific issues, written by authorities in the field.
Leave a Reply