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Keyword: mineralleasing

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  • CO and Nine Other States May Sue Obama Administration for Payment of Mineral Lease Royalties

    08/23/2013 12:19:04 PM PDT · by george76 · 13 replies
    Colorado Peak Politics ^ | August 23, 2013
    Another day, another law disregarded by the Obama camp. Colorado Attorney General John Suthers and representatives from nine other states have signed a letter to the Obama Administration demanding the administration pay up on mineral lease revenues owed to the states under the 1920 Mineral Leasing Act. This nearly century-old contract requires a certain percentage of the royalties collected by the federal government to be returned to the states where the minerals were produced. The administration now is trying to trim these payments under the guise of sequestration, saying that these royalties are subject to across the board spending cuts...