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30 U.S.C. § 1758Use of royalty-in-kind revenue by Minerals Management Service

submitted 21 years ago by Pub. L. 109-54 to r/title-30-MINERAL-LANDS-AND-MINING · 81 words · no verdicts yet

in plain englishAI-generated · not legal advice

Beginning in fiscal year 2006, MMS may use part of royalty-in-kind sales revenue, without fiscal-year limits, to pay directly related transportation, processing or disposal, and program administration costs.

In fiscal year 2006 and later years, MMS may, under the royalty-in-kind program or its authority to transfer oil to the Strategic Petroleum Reserve, use part of the revenue from royalty-in-kind sales without regard to fiscal-year limits. It may use the money to pay transportation to wholesale market centers or upstream pooling points, to process or otherwise dispose of royalty production taken in kind, and to recover MMS transportation costs, salaries, and other administrative costs directly related to the royalty-in-kind program.
the actual law source: uscode.house.gov ↗public domain

That in fiscal year 2006 and thereafter, the MMS may under the royalty-in-kind program, or under its authority to transfer oil to the Strategic Petroleum Reserve, use a portion of the revenues from royalty-in-kind sales, without regard to fiscal year limitation, to pay for transportation to wholesale market centers or upstream pooling points, to process or otherwise dispose of royalty production taken in kind, and to recover MMS transportation costs, salaries, and other administrative costs directly related to the royalty-in-kind program.

Source credit: (Pub. L. 109–54, title I, Aug. 2, 2005, 119 Stat. 512.)

history & why it existsrecord from the source credit
  • 2005Enacted · Pub. L. 109-54 · 119 Stat. 512

A history note hasn’t been published yet. The record shows enactment by Pub. L. 109-54 on 2005-08-02.

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