30 USC 1714: Deposit of royalty funds to Indian accounts
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30 USC 1714: Deposit of royalty funds to Indian accounts Text contains those laws in effect on November 23, 2024
From Title 30-MINERAL LANDS AND MININGCHAPTER 29-OIL AND GAS ROYALTY MANAGEMENTSUBCHAPTER I-FEDERAL ROYALTY MANAGEMENT AND ENFORCEMENT
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§1714. Deposit of royalty funds to Indian accounts

Deposits of any royalty funds derived from the production of oil or gas from, or allocated to, Indian lands shall be made by the Secretary to the appropriate Indian account at the earliest practicable date after such funds are received by the Secretary but in no case later than the last business day of the month in which such funds are received.

( Pub. L. 97–451, title I, §104(b), Jan. 12, 1983, 96 Stat. 2452 .)


Statutory Notes and Related Subsidiaries

Effective Date

Pub. L. 97–451, title I, §104(c), Jan. 12, 1983, 96 Stat. 2452 , provided that: "The provisions of this section [enacting this section and amending section 191 of this title] shall apply with respect to payments received by the Secretary after October 1, 1983, unless the Secretary, by rule, prescribes an earlier effective date."