# Deepwater Royalty Relief for New Leases
> **Bureau of Ocean Energy Management** · Interim rule. · Published 1996-03-25 · 61 FR 12022
## Document
- **Document number:** 96-7038
- **Category:** offshore-energy
- **Sub-agency:** Bureau of Ocean Energy Management
- **Federal Register citation:** 61 FR 12022
- **CFR reference:** 30 CFR 260
- **Publication date:** 1996-03-25
## Abstract

The Outer Continental Shelf Deep Water Royalty Relief Act (Act) authorizes the Secretary of the Interior (Secretary) to offer Outer Continental Shelf tracts for lease with suspension of royalties for a volume, value, or period of production. The Act requires the Secretary to use this bidding system on tracts offered for lease in water depths of 200 meters or more in parts of the Gulf of Mexico through November 28, 2000. The Minerals Management Service (MMS) intends to hold a lease sale in April 1996. This interim rule specifies the royalty suspension terms under which the Secretary will make tracts available for that sale.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/1996/03/25/96-7038/deepwater-royalty-relief-for-new-leases)
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