CFR > Title 30 - Mineral Resources > CHAPTER VII—OFFICE OF SURFACE MINING RECLAMATION AND ENFORCEMENT, DEPARTMENT OF THE INTERIOR > SUBCHAPTER A—GENERAL (parts 700 to 707) > PART 1206—PRODUCT VALUATION > SUBPART B—Indian Oil (§1206.50 to §1206.62) > 1206.58—What must I do if ONRR finds that I have not properly determined value?

1206.58—What must I do if ONRR finds that I have not properly determined value?

(a) If ONRR finds that you have not properly determined value, you must:
(1) Pay the difference, if any, between the royalty payments you made and those that are due, based upon the value ONRR establishes; and
(2) Pay interest on the difference computed under § 1218.54 of this chapter.
(b) If you are entitled to a credit due to overpayment on Indian leases, see § 1218.53 of this chapter. The credit will be without interest.

Code of Federal Regulations

[72 FR 71244, Dec. 17, 2007]