Pub. L. 100-203, tit. V, subtit. B, sec. 5103

ASSIGNMENTS.

EnactedYear: 1987Length: 182 wordsOfficial source
SEC. 5103. ASSIGNMENTS. Sections 30(a) and 30(b) of the Act of February 25, 1920 (30 U.S.C. 187a, 187b), are redesignated as sections 30A and 30B, respectively, and the third sentence of section 30A, as so redesignated, is amended to read as follows: "The Secretary shall disapprove the assignment or sublease only for lack of qualification of the assignee or sublease or for lack of sufficient bond: Provided, however, That the Secretary may, in his discretion, disapprove an assignment of any of the following, unless the assignment constitutes the entire lease or is demonstrated to further the development of oil and gas: “(1) A separate zone or deposit under any lease. “(2) A part of a legal subdivision. “(3) Less than 640 acres outside Alaska or of less than 2,560 acres within Alaska. Requests for approval of assignment or sublease shall be processed promptly by the Secretary. Except where the assignment or sublease is not in accordance with applicable law, the approval shall be given 7 within 60 days of the date of receipt by the Secretary of a request for such approval.”.
Pub. L. 100-203, tit. V, subtit. B, sec. 5103: ASSIGNMENTS. | Justis AI