Sec. 10. Amendments to definitions
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/bill/117/hr/1517/ih/section-10A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Section 3 of the Federal Oil and Gas Royalty Management Act of 1982 ( 30 U.S.C. 1702 ) is amended— in paragraph (20)(A), by striking : and all that follows through Provided, That subject of the judicial proceeding ; in paragraph (20)(B), by striking (with written notice to the lessee who designated the designee) ; in paragraph (23)(A), by striking (with written notice to the lessee who designated the designee) ; by amending paragraph
(24)to read as follows: designee means a person who pays, offsets, or credits monies, makes adjustments, requests and receives refunds, or submits reports with respect to payments a lessee must make pursuant to section 102(a); ; in paragraph (25), in subparagraph (B)— by striking (subject to the provisions of section 102(a) of this Act) ; and in clause (ii), by striking subclause
(IV)and all that follows through the end of the subparagraph and inserting the following: any assignment, that arises from or relates to any lease, easement, right-of-way, permit, or other agreement regardless of form administered by the Secretary for, or any mineral leasing law related to, the exploration, production, and development of oil and gas or other energy resource on Federal lands or the Outer Continental Shelf; ; in paragraph (29), by inserting or permit after lease ; and by striking and after the semicolon at the end of paragraph (32), by striking the period at the end of paragraph
(33)and inserting a semicolon, and by adding at the end the following new paragraphs: compliance review means an examination of a lessee’s lease accounts to compare one or all elements of the royalty equation (volume, value, royalty rate, and allowances) against anticipated elements of the royalty equation to test for variances; and marketing affiliate means an affiliate of a lessee whose function is to acquire the lessee’s production and to market that production. .
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Sec. 10
Amendments to definitions
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