30 U.S. Code § 1023 - Rules and regulations
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The Secretary shall prescribe such rules and regulations as he may deem appropriate to carry out the provisions of this chapter. Such regulations may include, without limitation, provisions for
(d) assignment, segregation, extension of terms, relinquishment of leases, development contracts, unitization, pooling, and drilling agreements,
(e) compensatory royalty agreements, suspension of operations or production, and suspension or reduction of rentals or royalties,
(f) the filing of surety bonds to assure compliance with the terms of the lease and to protect surface use and resources,
Source(Pub. L. 91–581, § 24,Dec. 24, 1970, 84 Stat. 1573; Pub. L. 109–58, title II, § 236(22),Aug. 8, 2005, 119 Stat. 673.)
2005—Pub. L. 109–58inserted section catchline.
Transfer of Functions
Functions of Secretary of the Interior to promulgate regulations under this chapter relating to fostering of competition for Federal leases, implementation of alternative bidding systems authorized for award of Federal leases, establishment of diligence requirements for operations conducted on Federal leases, setting of rates for production of Federal leases, and specifying of procedures, terms, and conditions for acquisition and disposition of Federal royalty interests taken in kind, transferred to Secretary of Energy by section 7152 (b) of Title 42, The Public Health and Welfare. Section 7152 (b) of Title 42 was repealed by Pub. L. 97–100, title II, § 201,Dec. 23, 1981, 95 Stat. 1407, and functions of Secretary of Energy returned to Secretary of the Interior. See House Report No. 97–315, pp. 25, 26, Nov. 5, 1981.
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