43 C.F.R. § 3509.40 What are fractional interest prospecting permits and leases?
Title 43 - Public Lands: Interior
They are prospecting permits and leases for parcels where the United States holds less than 100 per cent of the mineral interest of the parcel. Fractional interest leases allow development of the shared mineral interests.
Title 43: Public Lands: Interior
PART 3500—LEASING OF SOLID MINERALS OTHER THAN COAL AND OIL SHALE
Subpart 3509—Fractional and Future Interest Lease Applications
§ 3509.40 What are fractional interest prospecting permits and leases?
