§ 292. — Royalties and rentals; disposition.
[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
January 7, 2003 and December 19, 2003]
[CITE: 30USC292]
TITLE 30--MINERAL LANDS AND MINING
CHAPTER 4--LEASE OF GOLD, SILVER, OR QUICKSILVER DEPOSITS WHEN TITLE
CONFIRMED BY COURT OF PRIVATE LAND CLAIMS
Sec. 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 12\1/2\ 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, Sec. 2, 44 Stat. 710.)
