§ 225.23. Economic assessments.
89 words·~1 min read·
/us/cfr/t25/s§ 225.23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Secretary shall prepare or cause to be prepared an economic assessment that shall address, among other things:
(a)Whether there are assurances in the minerals agreement that operations shall be conducted with appropriate diligence;
(b)Whether the production royalties or other form of return on mineral resources is adequate; and
(c)Whether the minerals agreement is likely to provide the Indian mineral owner with a return on the production comparable to what the owner might otherwise obtain through competitive bidding, when such a comparison can reasonably be made.