Current as of October 03, 2022 | Updated by FindLaw Staff
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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 12 1/2 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.
Cite this article: FindLaw.com - Code of Federal Regulations Title 43. Public Lands: Interior § 43.3581.4–2 Rate of royalty; investment determined - last updated October 03, 2022 | https://codes.findlaw.com/cfr/title-43-public-lands-interior/cfr-sect-43-3581-4-2/
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