Us Code § 292 - Royalties and rentals; disposition
Full text of Us Code United States Code § 292 — Royalties and rentals; disposition, with citation guidance and answers to common questions.
§ 292. Royalties and rentals; disposition
For the privilege of mining or extracting the gold, silver, or quicksilver deposits in the land covered by such lease, the lessee shall pay to the United States a royalty, which shall not be less than 5 per centum nor more than 12½ per centum of the net value of the output of the gold, silver, or quicksilver at the mine, due and payable at the end of each month succeeding that of the extraction of the minerals from the mine. All moneys received from royalties and rentals under the provisions of this chapter shall be deposited in the Treasury of the United States, and disposed of in the same manner as rentals and royalties under the provisions of section 191 of this title.
(June 8, 1926, ch. 503, §2, 44 Stat. 710.)
About This Section
30 U.S.C. § 292 is part of Title 30 of the United States Code. The United States Code is the official codification of federal statutes maintained by the Office of the Law Revision Counsel of the U.S. House of Representatives. Congress amends the Code through new public laws, which are eventually incorporated into the relevant title.
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