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Current as of January 01, 2024 | Updated by Findlaw Staff
(a)Description, period, source, etc., of payments to States or Indians
When any payment (including amounts due from receipt of any royalty, bonus, interest charge, fine, or rental) is made by the United States to a State with respect to any oil or gas lease on Federal lands or is deposited in the appropriate Indian account on behalf of an Indian tribe or Indian allottee with respect to any oil and gas lease on Indian lands, there shall be provided, together with such payment, a description of the type of payment being made, the period covered by such payment, the source of such payment, production amounts, the royalty rate, unit value and such other information as may be agreed upon by the Secretary and the recipient State, Indian tribe, or Indian allottee.
(b)Effective date
This section shall take effect with respect to payments made after October 1, 1983, unless the Secretary, by rule, prescribes an earlier effective date.
Cite this article: FindLaw.com - 30 U.S.C. § 1715 - U.S. Code - Unannotated Title 30. Mineral Lands and Mining § 1715. Explanation of payments - last updated January 01, 2024 | https://codes.findlaw.com/us/title-30-mineral-lands-and-mining/30-usc-sect-1715/
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 before relying on it for your legal needs.
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