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30 U.S.C. § 192b — Application to contracts

Federal law — U.S. Code and appendices · legal_authorities

30 U.S.C. § 192b — Application to contracts

The provisions of sections 192a to 192c of this title shall apply to all existing contracts for the purchase of Government royalty oil entered into after July 13, 1946, and prior to September 1, 1949, irrespective of whether a determination of preference status was made in connection with the award of such contracts, but shall not apply to any such contract which subsequent to its award has been transferred, through the acquisition of stock interests or other transactions, to the ownership or control of a refinery ineligible for a preference under [section 192 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title30-section192&num=0&edition=prelim), and the regulations in force thereunder at the time of such transfer.

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Stable record: federal_law:legal_authorities:record_usc_5842e33fb3db9d99ff096522
Source file: Laws/federal/codes/united-states-code/title-30/section-192b-application-to-contracts--5cf59e67cc.md
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Source location: Title 30, Chapter 3A, § 192b; chapter-3a-leases-and-prospecting-permits.md

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The provisions of sections 192a to 192c of this title shall apply to all existing contracts for the purchase of Government royalty oil entered into after July 13, 1946, and prior to September 1, 1949, irrespective of whether a determination of preference status was made in connection with the award of such contracts, but shall not apply to any such contract which subsequent to its award has been transferred, through the acquisition of stock interests or other transactions, to the ownership or control of a refinery ineligible for a preference under [section 192 of this title](https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title30-section192&num=0&edition=prelim), and the regulations in force thereunder at the time of such transfer.

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Federal law — U.S. Code and appendices · legal_authorities

30 U.S.C. § 192 — Payment of royalties in oil or gas; sale of such oil or gas

All royalty accruing to the United States under any oil or gas lease or permit under this chapter on demand of the Secretary of the Interior shall be paid in oil or gas.

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Federal law — U.S. Code and appendices · legal_authorities

30 U.S.C. § 192b — Application to contracts

Page 58 TITLE 30—MINERAL LANDS AND MINING § 192 Editorial Notes CODIFICATION Section was not enacted as part of act Feb. 25, 1920, ch. 85, 41 Stat. 437, known as the Mineral Leasing Act, which comprises this chapter. Statutory Notes and Related Subsidiaries SIMILAR PROVISIONS Similar provisions were contained in the following prior appropriation act: Pub. L. 103–332, title I, Sept. 30, 1994, 108 Stat. 2508. § 192. Payment of royalties in oil or gas; sale of such oil or gas All royalty accruing to the United States under any oil or gas lease or permit under this chapter on demand of the Secretary of the Inte- rior shall be paid in oil or gas. Upon granting any oil or gas lease under this chapter, and from time to time thereafter dur- ing said lease, the Secretary of the Interior shall, except whenever in his judgment it is de- sirable to retain the same for the use of the United States, offer for sale for such period as he may determine, upon notice and advertise- ment on sealed bids or at public auction, all roy- alty oil and gas accruing or reserved to the United States under such lease. Such advertise- ment and sale shall reserve to the Secretary of the Interior the right to reject all bids whenever within his judgment the interest of the United States demands; and in cases where no satisfac- tory bid is received or where the accepted bidder fails to complete the purchase, or where the Sec- retary of the Interior shall determine that it is unwise in the public interest to accept the offer of the highest bidder, the Secretary of the Inte- rior, within his discretion, may readvertise such royalty for sale, or sell at private sale at not less than the market price for such period, or accept the value thereof from the lessee: Pro- vided, That i

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