§ 305. Royalties under lease

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.

1. 1930

   Pub. L. 71–307 § 5 · 46 Stat. 373

   Enacted · 30 U.S.C. § 305

   (May 21, 1930, ch. 307, § 5, 46 Stat. 374.)

   Source evidence

   Code source credit
   (May 21, 1930, ch. 307, § 5, 46 Stat. 374.)

   Enacted provision · exact public law section
   Sec. 5. That the royalty to be paid to the United States under any lease to be issued, or agreement made pursuant to this Act, shall be determined by the Secretary of the Interior, in no case to be less than 12½ per centum in amount or value of the production, Provisos. Royalty from land adjacent. nor for more than twenty years: Provided, That when the oil or gas is produced from land adjacent to the right of way the amount or value of the royalty to be paid to the United States shall be within the discretion of the Secretary of the Interior: Provided further, Reduction on small production. That when the daily average production of any oil well does not exceed ten barrels per day said Secretary may, in his discretion, reduce the royalty on subsequent production.

1 of 1 references resolved to an enrolled provision