§ 1204.204. What accounting and auditing relief will ONRR not allow?
146 words·~1 min read·
/us/cfr/t30/s§ 1204.204·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
ONRR will not approve your request for accounting and auditing relief under this subpart if your request:
(a)Prohibits ONRR or the State from conducting any form of audit;
(b)Permanently relieves you from making future royalty reports or payments;
(c)Provides for less frequent royalty reports and payments than annually;
(d)Provides for you to submit royalty reports and payments at separate times;
(e)Impairs ONRR's ability to properly or efficiently account for or distribute royalties;
(f)Requests relief for a lease under which the Federal Government takes its royalties in kind;
(g)Alters production reporting requirements;
(h)Alters lease operation or safety requirements;
(i)Conflicts with rent, minimum royalty, or lease requirements; or
(j)Requests relief for production from a marginal property located in whole or in part in a State that has determined that it will not allow such relief under § 1204.208.