
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: 10USC7433]

 
                         TITLE 10--ARMED FORCES
 
                    Subtitle C--Navy and Marine Corps
 
                     PART IV--GENERAL ADMINISTRATION
 
                  CHAPTER 641--NAVAL PETROLEUM RESERVES
 
Sec. 7433. Disposition of royalties

    (a) Any oil, gas, gasoline or other substance accruing to the United 
States as royalty from any lease under this chapter shall be delivered 
to the United States, or shall be paid for in money, as the Secretary 
elects.
    (b) All money accruing to the United States from lands in the naval 
petroleum reserves shall be covered into the Treasury.

(Aug. 10, 1956, ch. 1041, 70A Stat. 461; Pub. L. 87-796, Sec. 1(9), Oct. 
11, 1962, 76 Stat. 905; Pub. L. 94-258, title II, Sec. 201(14), (15), 
Apr. 5, 1976, 90 Stat. 313.)

                                          Historical and Revision Notes
-------------------------------------------------------------------------------
---------------------------------
            Revised section                      Source (U.S. Code)            
   Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
7433..................................  34 U.S.C. 524 (10th par.).           Ju
ne 4, 1920, ch. 228 (10th par. of
                                                                              a
mended 3d and 4th provisos), 41
                                                                              S
tat. 813; June 30, 1938, ch. 851,
                                                                              S
ec.  1, 52 Stat. 1254; June 17,
                                                                              1
944, ch. 262, 58 Stat. 281.
-------------------------------------------------------------------------------
---------------------------------

    In subsection (a) the words ``or all'' are omitted as surplusage. 
The words ``under this chapter'' are substituted for the words ``of 
lands within the naval petroleum reserves or other naval fuel reserves 
under the authority of this section'' for brevity. The words ``be 
delivered to the United States, or shall be paid for in money'' are 
substituted for the words ``be paid for in money or be paid in kind'' 
for clarity. Neither gas, oil, gasoline, nor hydrocarbon can be 
``paid'', but any one of them may be delivered.
    In subsection (b) the words ``except as otherwise provided in this 
section'' are omitted as surplusage. There is no exception within the 
chapter to the rule stated in subsection (b). The word ``paid'' is 
substituted for the words ``which may accrue'' for clarity. The words 
``under this chapter'' are substituted for the words ``under the 
provisions of this section or of sections * * * on account of the 
petroleum products extracted therefrom'' for brevity. The two terms are 
coextensive. The sections of 30 U.S.C. that are cited in 34 U.S.C. 524 
(10th par.) comprise the entire Act of Feb. 25, 1920, ch. 85, 41 Stat. 
437, as amended. The application of that Act to the Navy is covered in 
Sec. 7427 of this title. The words ``as miscellaneous receipts'' are 
omitted as surplusage.


                               Amendments

    1976--Subsec. (a). Pub. L. 94-258, Sec. 201(14), struck out ``of the 
Navy'' after ``Secretary''.
    Subsec. (b). Pub. L. 94-258, Sec. 201(15), struck out ``and oil 
shale'' after ``petroleum''.
    1962--Subsec. (a). Pub. L. 87-796 substituted ``or other substance'' 
for ``or other hydrocarbon substance''.
    Subsec. (b). Pub. L. 87-796 substituted ``All money accruing to the 
United States from lands in the naval petroleum and oil shale reserves'' 
for ``Money paid to the United States for petroleum products under this 
chapter''.

                  Section Referred to in Other Sections

    This section is referred to in title 16 section 470h; title 30 
section 191; title 43 section 1601.
