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43 C.F.R. § 3581.4-2   Rate of royalty; investment determined.

Title 43 - Public Lands: Interior

Title 43: Public Lands: Interior
PART 3580—SPECIAL LEASING AREAS
Subpart 3581—Gold, Silver, or Quicksilver in Confirmed Private Land Grants

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§ 3581.4-2   Rate of royalty; investment determined.

If the authorized officer finds the application sufficient to authorize the issuance of a lease, he/she shall establish a rate of royalty of not less than 5 percent or more than 121/2 percent of the value of the output of gold, silver or quicksilver at the mine and also shall establish the amount of investment required under the lease.

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