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DOI/ONRR | RIN: 1012-AA16 | Publication ID: Spring 2016 |
Title: BLM Lease Sale Payment Terms | |
Abstract:
This rule will provide flexibility regarding which agency receives the rent and bonus payments from an oil and gas lease sale. The directions for payment will be specified in the lease sale offering terms. This rule will give the Bureau of Land Management (BLM) and the Office of Natural Resources Revenue (ONRR) flexibility in phasing in ONRR to directly collect the rent and bonus revenues instead of BLM collecting it and later sending the rent and bonus collections to ONRR. This will promote the Department of Interior's effort to consolidate revenue streams as well as promote electronic payments. |
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Agency: Department of the Interior(DOI) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
CFR Citation: 43 CFR 3100 43 CFR 3130 43 CFR 3200 43 CFR 3470 43 CFR 3500 30 CFR 1218 | |
Legal Authority: Not Yet Determined |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Small Entities Affected: No | Federalism: No |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Latell Armand Southall Regulatory Specialist Department of the Interior Office of Natural Resources Revenue MS 64400B, P.O. Box 25165, Denver, CO 80225-0165 Phone:303 231-3221 Fax:303 231-3362 Email: armand.southall@onrr.gov |