30 U.S.C. § 191b — Collection of unpaid and underpaid royalties and late payment interest owed by lessees

submitted 30 years ago by Pub. L. 104-134 to r/title-30-MINERAL-LANDS-AND-MINING · 61 words · no verdicts yet

in plain englishAI-generated · not legal advice

Starting in fiscal year 1996, the Secretary must collect unpaid mineral royalties and interest. This applies to Federal and Indian mineral lessees and other royalty payors. It covers money owed from settling or ending mineral sales agreements.

Beginning in fiscal year 1996 and every year after, the Secretary must take the appropriate steps to collect unpaid and underpaid royalties, plus late payment interest, owed by Federal and Indian mineral lessees and other royalty payors. This applies to amounts received when settling or otherwise resolving disputes under, or partly or fully ending, sales agreements for minerals from Federal and Indian leases.

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

Beginning in fiscal year 1996 and thereafter, the Secretary shall take appropriate action to collect unpaid and underpaid royalties and late payment interest owed by Federal and Indian mineral lessees and other royalty payors on amounts received in settlement or other resolution of disputes under, and for partial or complete termination of, sales agreements for minerals from Federal and Indian leases.

Source credit: (Pub. L. 104–134, title I, § 101(c) [title I], Apr. 26, 1996, 110 Stat. 1321–156, 1321–167; renumbered title I, Pub. L. 104–140, § 1(a), May 2, 1996, 110 Stat. 1327.)

history & why it existsrecord from the source credit

1996Enacted · Pub. L. 104-134 · 110 Stat. 1321
1996Amended · Pub. L. 104-140 · 110 Stat. 1327

A history note hasn’t been published yet. The record shows enactment by Pub. L. 104-134 on 1996-04-26.

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