Title 30 — Mineral Lands and Mining
Chapter 3A — Leases and Prospecting Permits
§ 192a. Cancellation or modification of contracts
Statutory text
Where, under any existing contract entered into pursuant to the first proviso in the second paragraph of section 192 of this title, any refinery is required to pay a premium price for the purchase of Government royalty oil, such refinery may, at its option, by written notice to the Secretary of the Interior, elect either—
to terminate such contract, the termination to take place at the end of the calendar month following the month in which such notice is given; or
to retain such contract with the modifications, that (a) the price, on and after , shall be as defined in the contract, without premium payments, (b) any credit thereby resulting from past premium payments shall be added to the refinery’s account, and (c) the Secretary may, at his option, elect to terminate the contract as so modified, such termination to take place at the end of the third calendar month following the month in which written notice thereof is given by the Secretary.
Legislative history
Reconstructed from this section’s Code source credit and amendment notes, resolved against the local Statutes at Large. Editorial notes are evidence, not the law that made the change.
Pub. L. 81–529 § 1 · 63 Stat. 682
Enacted · 30 U.S.C. § 192a
(Sept. 1, 1949, ch. 529, § 1, 63 Stat. 682.)
Source evidence
Code source credit
(Sept. 1, 1949, ch. 529, § 1, 63 Stat. 682.)Enacted provision · exact public law section
(1) to terminate such contract, the termination to take place at the end of the calendar month following the month in which such notice is given; or
1 of 1 references resolved to an enrolled provision
Editorial Notes
Codification
Section was not enacted as part of act Feb. 25, 1920, ch. 85, 41 Stat. 437, known as the Mineral Leasing Act, which comprises this chapter.
Credits
(Sept. 1, 1949, ch. 529, § 1, 63 Stat. 682.)