Code · BILL · 117th Congress · H.R. 1517 (Reported in House) — To amend the Mineral Leasing Act to make certain adjustments to the fiscal terms for fossil fuel development and to m... · Sec. 15

Sec. 15. Obligation period

68 words·~1 min read·/bill/117/hr/1517/rh/section-15

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Section 115(c) of the Federal Oil and Gas Royalty Management Act of 1982 ( 30 U.S.C. 1724(c) ) is amended by adding at the end the following new paragraph: In the case of an adjustment under section 111A(a) in which a recoupment by the lessee results in an underpayment of an obligation, the obligation becomes due on the date the lessee or its designee makes the adjustment. .

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30 USC 1724(c)

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Sec. 15

Obligation period

Cite30 USC 1724(c)

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