Sec. 10. Fees for Expressions of Interest
154 words·~1 min read·
/bill/117/hr/1503/rh/section-10·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary shall charge any person who submits an expression of interest, as that term is defined by the Secretary, a fee, in an amount determined by the Secretary under paragraph (2). The fee authorized under paragraph
(1)shall be established by the Secretary in an amount that is determined by the Secretary to be appropriate to cover the aggregate cost of processing an expression of interest under this section, but not less than $15 per acre of the area covered by the applicable expression of interest. The Secretary shall, by regulation at least every 4 years, establish a higher expression of interest fee— to reflect the change in the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics; and as the Secretary determines to be necessary to enhance financial returns to the United States or to promote more efficient management of oil and gas resources on Federal land.