Public-domain · open source
OpenJurist

Federal lease

Defined in 1 dictionary — U.S. Code

United States Code

42 U.S.C. § 7101 — as used in this chapter

As used in this chapter, “Federal lease” means an agreement which, for any consideration, including but not limited to, bonuses, rents, or royalties conferred and covenants to be observed, authorizes a person to explore for, or develop, or produce (or to do any or all of these) oil and gas, coal, oil shale, tar sands, and geothermal resources on lands or interests in lands under Federal jurisdiction.