Interest Rate Applicable to Late Payment or Underpayment of Monies Due on Solid Minerals and Geothermal Leases
oil-gas-leasing · Bureau of Land Management · Published 2000-09-13 · Effective 2000-09-13 · 65 FR 55187
Document
Document number
00-23402
Federal Register citation
65 FR 55187
CFR reference
30 CFR 218
Type
Rule
Action
Final rule.
Category
oil-gas-leasing
Sub-agency
Bureau of Land Management
Publication date
2000-09-13
Effective date
2000-09-13
Abstract
The Minerals Management Service (MMS) is revoking its rulemaking published on March 29, 1994, regarding interest rates used to assess interest on late payment or underpayment of monies due on solid minerals and geothermal leases. A decision of the United States Court of Appeals for the District of Columbia Circuit invalidated the amendments promulgated in 1994. This rule reinstates the pre-1994 rule.