43 C.F.R. § 3511.15 How long will my lease be in effect?
Title 43 - Public Lands: Interior
Title 43: Public Lands: Interior
PART 3500—LEASING OF SOLID MINERALS OTHER THAN COAL AND OIL SHALE
Subpart 3511—Lease Terms and Conditions
§ 3511.15 How long will my lease be in effect?
------------------------------------------------------------------------ Period of Renewal or Commodity Initial Term Readjustment------------------------------------------------------------------------(a) Phosphate............... Indeterminate....... Subject to readjustment at the end of each 20 year period.(b) Sodium.................. 20 years............ Can be renewed for 10 years at the end of the initial term and for following 10 year periods.(c) Potassium............... Indeterminate....... Subject to readjustment at the end of each 20 year period.(d) Sulphur................. 20 years............ Can be renewed for 10 years at the end of the initial term and for following 10 year periods.(e) Gilsonite............... 20 years and for as Subject to long thereafter as readjustment at the gilsonite is end of each 20 year produced in paying period. quantities.(f) Hardrock Minerals....... not to exceed 20 Can be renewed for years. 10 years at the end of the initial term and for following 10 year periods.(g) Asphalt................. 20 years............ Can be renewed for 10 years at the end of the initial term and for following 10 year periods.------------------------------------------------------------------------
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