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, §201(10), Apr. 5, 1976, 90 Stat. 309.)
| Revised section | Source (U.S. Code) | Source (Statutes at Large) |
|---|---|---|
| 7429 | 34 U.S.C. 524 (6th par., less proviso). | June 4, 1920, ch. 228 (6th par., less proviso, of amended 3d and 4th provisos), 41 Stat. 813; June 30, 1938, ch. 851, §1, 52 Stat. 1253; June 17, 1944, ch. 262, 58 Stat. 282. |
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