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e-CFR data is current as of September 22, 2020

Title 25Chapter ISubchapter IPart 225Subpart B → §225.23


Title 25: Indians
PART 225—OIL AND GAS, GEOTHERMAL, AND SOLID MINERALS AGREEMENTS
Subpart B—Minerals Agreements


§225.23   Economic assessments.

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.

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