30 U.S.C. § 192b — Application to contracts

submitted 77 years ago by ch. 529 to r/title-30-MINERAL-LANDS-AND-MINING · 111 words · no verdicts yet

in plain englishAI-generated · not legal advice

Sections 192a through 192c cover existing government royalty-oil contracts signed between July 1946 and September 1949. It doesn't matter whether a preference-status decision was made for the contract. But these rules skip a contract later transferred to an ineligible refinery.

Sections 192a to 192c of this title apply to every existing contract for buying government royalty oil that was entered into after July 13, 1946, and before September 1, 1949. This is true whether or not a preference-status decision was made when the contract was awarded. But these sections do not apply to a contract that — after it was awarded — got transferred (through a stock purchase or other deal) to the ownership or control of a refinery that isn't eligible for a preference under section 192. In that case, the regulations that were in force at the time of the transfer apply instead.

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

The provisions of sections 192a to 192c of this title shall apply to all existing contracts for the purchase of Government royalty oil entered into after July 13, 1946, and prior to September 1, 1949, irrespective of whether a determination of preference status was made in connection with the award of such contracts, but shall not apply to any such contract which subsequent to its award has been transferred, through the acquisition of stock interests or other transactions, to the ownership or control of a refinery ineligible for a preference under section 192 of this title, and the regulations in force thereunder at the time of such transfer.

Source credit: (Sept. 1, 1949, ch. 529, § 2, 63 Stat. 682.)

history & why it existsrecord from the source credit

1949Enacted · Act of Sept. 1, 1949, ch. 529 · 63 Stat. 682

A history note hasn’t been published yet. The record shows enactment by ch. 529 on 1949-09-01.

all 0 arguments · sorted by: best

no arguments yet — make the first case