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Current as of October 02, 2022 | Updated by FindLaw Staff
If we do not act within the timeframes established under § 203.65, you get royalty relief according to the following table.
If you apply for royalty relief for | And we do not decide within the time specified, | As long as you |
---|---|---|
(a) An authorized field, | You get the minimum suspension volumes specified in § 203.69, | Abide by §§ 203.70 and 203.76. |
(b) An expansion project, | You get a royalty suspension for the first year of production, | Abide by §§ 203.70 and 203.76. |
(c) A development project, | You get a royalty suspension for initial production for the number of months that a decision is delayed beyond the stipulated timeframes set by § 203.65, plus all the royalty suspension volume for which you qualify, | Abide by §§ 203.70 and 203.76. |
Cite this article: FindLaw.com - Code of Federal Regulations Title 30. Mineral Resources § 30.203.66 What happens if BSEE does not act in the time allowed? - last updated October 02, 2022 | https://codes.findlaw.com/cfr/title-30-mineral-resources/cfr-sect-30-203-66/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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