43 CFR 2720.2: Determination that an exploratory program is not required.
Where this section sits in the code
- Title 43—Public Lands: Interior
- Subtitle B—Regulations Relating to Public Lands
- CHAPTER II—BUREAU OF LAND MANAGEMENT, DEPARTMENT OF THE INTERIOR
- SUBCHAPTER B—LAND RESOURCE MANAGEMENT (2000) Group 2000—Land Resource Management; General
- PART 2720—CONVEYANCE OF FEDERALLY-OWNED MINERAL INTERESTS
- Subpart 2720—Conveyance of Federally-Owned Mineral Interests
(a) In instances where available data indicate that there are no known mineral values in the land covered by the application, an exploratory program shall not be required.
(b) The authorized officer will not require an exploratory program to ascertain the presence of mineral values where the authorized officer determines that a reasonable person would not make exploration expenditures with expectations of deriving economic gain from the mineral production.
(c) The authorized officer will not require an exploratory program if the authorized officer determines that, for the mineral interests covered by the application, sufficient information is available to determine their fair market value.
Collected 2026-08-27T02:26:15Z. Source file · JSON