§ 225.23 Economic assessments.
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Title 25 CFR: Indians › Chapter I: BUREAU OF INDIAN AFFAIRS, DEPARTMENT OF THE INTERIOR › Part 225: OIL AND GAS, GEOTHERMAL, AND SOLID MINERALS AGREEMENTS › Subpart B: Minerals Agreements › § 225.23: § 225.23 Economic assessments.
Text
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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