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Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
2026-07-06 10:51:44 -04:00

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LegalText 30 U.S.C. § 192a Cancellation or modification of contracts us united_states_code code_section 30 MINERAL LANDS AND MINING 3A LEASES AND PROSPECTING PERMITS 192a 30 U.S.C. § 192a current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc30@119-100.zip /us/usc/t30/s192a data/legal/raw/us/code/title-30/usc30.xml 87534c099b6bcb23f55309eabc79530faa2faa77e724a5513a152308aae15142 355f8eb5c6ad5372de4a8e665d9ed90202d53d2aac19ac001d43948af4a4dd2f 7567aee36d76ee5a76a549ce0a895617e27894ac934aed0dcd49773fc68ac7f3 2026-07-04 official
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30 U.S.C. § 192a - Cancellation or modification of contracts

Text

Where, under any existing contract entered into pursuant to the first proviso in the second paragraph of section 192 of this title, any refinery is required to pay a premium price for the purchase of Government royalty oil, such refinery may, at its option, by written notice to the Secretary of the Interior, elect either—

(1) to terminate such contract, the termination to take place at the end of the calendar month following the month in which such notice is given; or

(2) to retain such contract with the modifications, that (a) the price, on and after March 1, 1949, shall be as defined in the contract, without premium payments, (b) any credit thereby resulting from past premium payments shall be added to the refinerys account, and (c) the Secretary may, at his option, elect to terminate the contract as so modified, such termination to take place at the end of the third calendar month following the month in which written notice thereof is given by the Secretary.

(Sept. 1, 1949, ch. 529, § 1, 63 Stat. 682.)

Notes

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.