30 C.F.R. PART 217—AUDITS AND INSPECTIONS
Title 30 - Mineral Resources
Authority: 35 Stat. 312; 35 Stat. 781, as amended; secs. 32, 6, 26, 41 Stat. 450, 753, 1248; secs. 1, 2, 3, 44 Stat. 301, as amended; secs. 6, 3, 44 Stat. 659, 710; secs. 1, 2, 3, 44 Stat. 1057; 47 Stat. 1487; 49 Stat. 1482, 1250, 1967, 2026; 52 Stat. 347; sec. 10, 53 Stat. 1196, as amended; 56 Stat. 273; sec. 10, 61 Stat. 915; sec. 3, 63 Stat. 683; 64 Stat. 311; 25 U.S.C. 396, 396a–f, 30 U.S.C. 189, 271, 281, 293, 359. Interpret or apply secs. 5, 5, 44 Stat. 302, 1058, as amended; 58 Stat. 483–485; 5 U.S.C. 301, 16 U.S.C. 508b, 30 U.S.C. 189, 192c, 271, 281, 293, 359, 43 U.S.C. 387, unless otherwise noted.
Authority: The Federal Oil and Gas Royalty Management Act of 1982 (30 U.S.C. 1701 et seq.).
Source: 49 FR 37345, Sept. 21, 1984, unless otherwise noted.
The Secretary, or his/her authorized representative, shall initiate and conduct audits relating to the scope, nature and extent of compliance by lessees, operators, revenue payors, and other persons with rental, royalty, net profit share and other payment requirements on a Federal or Indian oil and gas lease. Audits also will relate to compliance with applicable regulations and orders. All audits will be conducted in accordance with the notice and other requirements of 30 U.S.C. 1717. Specific lease account reconciliations shall be performed with priority being given to reconciling those lease accounts specifically identified by a State or Indian tribe as having significant potential for underpayment. Terms used in this subpart shall have the same meaning as in 30 U.S.C. 1702. An audit of the accounts and books of operators/lessees for the purpose of determining compliance with Federal lease terms relating to Federal royalties may be required annually or at other times as directed by the Associate Director for Minerals Revenue Management. The audit shall be performed by a qualified independent certified public accountant or by an independent public accountant licensed by a State, territory, or insular possession of the United States or the District of Columbia, and at the expense of the operator/lessee. The operator/lessee shall furnish, free of charge, duplicate copies of audit reports that express opinions on such compliance to the Associate Director for Minerals Revenue Management within 30 days after the completion of each audit. Where such audits are required, the Associate Director for Minerals Revenue Management will specify the purpose and scope of the audit and the information which is to be verified or obtained. [47 FR 33195, July 30, 1982. Redesignated at 48 FR 35641, Aug. 5, 1983, as amended at 67 FR 19112, Apr. 18, 2002] An audit of the lessee's accounts and books may be made annually or at such other times as may be directed by the mining supervisor, by certified public accountants, and at the expense of the lessee. The lessee shall furnish free of cost duplicate copies of such annual or other audits to the mining supervisor, within 30 days after the completion of each auditing. [37 FR 11041, June 1, 1972. Redesignated at 48 FR 35641, Aug. 5, 1983]
Title 30: Mineral Resources
PART 217—AUDITS AND INSPECTIONS
Section Contents
§ 217.50 Audits of records.
§ 217.51 Lease account reconciliation.
§ 217.52 Definitions.
§ 217.200 Audits.
§ 217.250 Audits.
Subpart A—General Provisions [Reserved]
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Subpart B—Oil and Gas, General
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§ 217.50 Audits of records.
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§ 217.51 Lease account reconciliation.
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§ 217.52 Definitions.
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Subpart C—Oil and Gas, Onshore [Reserved]
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Subpart D—Oil, Gas and Sulfur, Offshore [Reserved]
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Subpart E—Coal
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§ 217.200 Audits.
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Subpart F—Other Solid Minerals
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§ 217.250 Audits.
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Subpart G—Geothermal [Reserved]
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Subpart H—Indian Lands [Reserved]
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