30 U.S.C. § 191a — Late payment charges under Federal mineral leases

submitted 38 years ago by Pub. L. 100-524 to r/title-30-MINERAL-LANDS-AND-MINING · 215 words · no verdicts yet

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Late payment interest on federal mineral leases is shared out the same way as the original payment. This rule applies from July 1, 1988 onward. Earlier late-payment money already given to states cannot be taken back, unless it wasn't actually owed.

(a) Distribution of late payment charges: Any interest or other charge the U.S. collects because a royalty, rent, bonus, or other payment under a federal mineral lease — for oil, gas, coal, any other mineral, or geothermal steam — was paid late, gets deposited in the same account and paid out to the same people, the same way, as the original payment itself. (b) Effective date: Subsection (a) applies to any such interest or charge paid to the United States on or after July 1, 1988. (c) Prohibition against recoupment: Any interest or charge paid before July 1, 1988, and already given to a state or other recipient, is treated as approved from the date it was paid or given out — none of it can be taken back from that state or recipient. This protection does not apply to interest or other charges tied to a royalty, rent, bonus, or other amount that turns out not to have been owed to the United States at all.

the actual law source: uscode.house.gov ↗public domain

(a) Distribution of late payment charges

Any interest or other charges paid to the United States by reason of the late payment of any royalty, rent, bonus, or other amount due to the United States under any lease issued by the United States for the extraction of oil, gas, coal, or any other mineral, or for geothermal steam, shall be deposited in the same account and distributed to the same recipients, in the same manner, as such royalty, rent, bonus, or other amount.

(b) Effective date

Subsection (a) shall apply with respect to any interest, or other charge referred to in subsection (a), which is paid to the United States on or after July 1, 1988.

Any interest, or other charge referred to in subsection (a), which was paid to the United States before July 1, 1988, and distributed to any State or other recipient is hereby deemed to be authorized and approved as of the date of payment or distribution, and no part of any such payment or distribution shall be recouped from the State or other recipient. This subsection shall not apply to interest or other charges paid in connection with any royalty, rent, bonus, or other amount determined not to be owing to the United States.

Source credit: (Pub. L. 100–524, § 7, Oct. 24, 1988, 102 Stat. 2607.)

history & why it existsrecord from the source credit

1988Enacted · Pub. L. 100-524 · 102 Stat. 2607

A history note hasn’t been published yet. The record shows enactment by Pub. L. 100-524 on 1988-10-24.

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