§ 6927
65 words·~1 min read·
/ca/public-resources-code/6927A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The terms so fixed shall be operative for 20 years from the date of the grant. Upon the expiration of such 20-year period and each succeeding period of 20 years the commission or other duly constituted authority, may prescribe for each ensuing period of 20 years a different royalty rate or rates to be paid as a condition of the continued exercise of the grant.