30 U.S.C. § 1012
Current through P.L. 118-47 (published on www.congress.gov on 03/23/2024)
The Secretary may waive, suspend, or reduce the rental or royalty for any lease or portion thereof in the interests of conservation and to encourage the greatest ultimate recovery of geothermal resources, if he determines that this is necessary to promote development or that the lease cannot be successfully operated under the lease terms.
30 U.S.C. § 1012
EDITORIAL NOTES
AMENDMENTS2005- Pub. L. 109-58 inserted section catchline.
- Secretary
- "Secretary" means the Secretary of the Interior;
- geothermal resources
- "geothermal resources" means (i) all products of geothermal processes, embracing indigenous steam, hot water and hot brines; (ii) steam and other gases, hot water and hot brines resulting from water, gas, or other fluids artificially introduced into geothermal formations; (iii) heat or other associated energy found in geothermal formations; and (iv) any byproduct derived from them;