
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 2, 2001]
[Document not affected by Public Laws enacted between
  January 2, 2001 and January 28, 2002]
[CITE: 10USC7429]

 
                         TITLE 10--ARMED FORCES
 
                    Subtitle C--Navy and Marine Corps
 
                     PART IV--GENERAL ADMINISTRATION
 
                  CHAPTER 641--NAVAL PETROLEUM RESERVES
 
Sec. 7429. Re-lease of certain lands: lessee's preferential 
        right
        
    The Secretary, on terms prescribed by him, may re-lease lands in the 
naval petroleum reserves that were covered by leases made before July 1, 
1936, and terminated by law at the expiration of their initial twenty-
year periods. If any such land is to be re-leased, the Secretary shall 
give to the former lessee preferential rights to the new lease.

(Aug. 10, 1956, ch. 1041, 70A Stat. 460; Pub. L. 94-258, title II, 
Sec. 201(10), Apr. 5, 1976, 90 Stat. 309.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
            Revised section                      Source (U.S. Code)            
   Source (Statutes at Large)
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---------------------------------
7429..................................  34 U.S.C. 524 (6th par., less        Ju
ne 4, 1920, ch. 228 (6th par.,
                                         proviso).                            l
ess proviso, of amended 3d and
                                                                              4
th provisos), 41 Stat. 813; June
                                                                              3
0, 1938, ch. 851, Sec.  1, 52
                                                                              S
tat. 1253; June 17, 1944, ch.
                                                                              2
62, 58 Stat. 282.
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---------------------------------

    The source law provided that leases of lands of the United States 
within the naval petroleum reserves in existence before July 1, 1936, 
except leases that had become part of an approved unit or cooperative 
plan and agreement, should terminate at the end of their initial 20-year 
period, and that the lands covered by these leases could then be re-
leased by the Secretary of the Navy. All of the leases covered by this 
provision have terminated as provided therein. Thus the provision for 
the termination of the leases is executed and the only remaining effect 
of the source is to authorize the re-lease of the lands formerly covered 
by the terminated leases. This section is worded accordingly. Reference 
to the classes of leases that were excepted from the termination is 
omitted as unnecessary because these leases were, of course, not 
terminated. They are not affected, since this section refers only to 
leases that were ``terminated by law''. The word ``conditions'' is 
omitted as included in the word ``terms''.


                               Amendments

    1976--Pub. L. 94-258 struck out ``of the Navy'' after ``Secretary''.

                  Section Referred to in Other Sections

    This section is referred to in title 43 section 1601.
