43 CFR § 3109.1-5
Compensatory royalty agreement or lease
June 11, 2020
(a) The lease or compensatory royalty agreement shall be on a form approved by the Director.
(b) The royalty to be charged shall be fixed by the Bureau of Land Mangement in accordance with the provisions of §3103.3 of this title, but shall not be less than 121⁄2 percent.
(c) The term of the lease shall be for a period of not more than 20 years.