Current through May 31, 2024
Section 3513.12 - What criteria does BLM consider in approving a waiver, suspension, or reduction in rental or minimum royalty, or a reduction in the royalty rate?We will consider if approval:
(a) Is in the interest of conservation;(b) Will encourage the greatest ultimate recovery of the resource; and(c) Is necessary either to promote development of the mineral resources or because you cannot successfully operate the lease under existing terms.