30 CFR 229.107 - Disbursement of revenues.
Code of Federal Regulations - Title 30: Mineral Resources (2010)
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Title 30: Mineral Resources
CHAPTER II: MINERALS MANAGEMENT SERVICE, DEPARTMENT OF THE INTERIOR
SUBCHAPTER A: MINERALS REVENUE MANAGEMENT
PART 229: DELEGATION TO STATES
Subpart C: Oil and Gas, Onshore
: Administration of Delegations
229.107 - Disbursement of revenues.
(a) The additional royalties and late payment charges resulting from State audit work done under a delegation of authority shall be collected by MMS. The State's share of any amounts so collected shall be paid to the State in accordance with the provisions of 30 U.S.C. 191 and part 219 of this chapter.
(b) Amounts collected for Indian leases shall be transferred to the appropriate Indian accounts (designated Treasury accounts) managed by the Bureau of Indian Affairs at the earliest practicable date after such funds are received, but in no case later than the last business day of the month in which such funds are received.
(c) MMS shall provide to the State on a monthly basis, an accounting of collections resulting from audit work and enforcement actions resulting from a delegation of authority. Such accounting will identify collections broken down by royalties, penalties and interest paid.
[49 FR 40026, Oct. 12, 1984]
