The Secretary, on terms prescribed by him, may re-lease lands in the naval petroleum reserves that were covered by leases made before , 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.
Structure US Code
Subtitle C— Navy and Marine Corps
PART IV— GENERAL ADMINISTRATION
CHAPTER 869— NAVAL PETROLEUM RESERVES
§ 8721. Jurisdiction and control
§ 8723. Periodic re-examination of production requirements
§ 8724. Protection of oil reserves; contracts for conservation
§ 8725. Acquisition by condemnation and purchase
§ 8727. Cooperative or unit plans in the naval petroleum reserves
§ 8728. Agreements and leases: provision for change
§ 8729. Re-lease of certain lands: lessee’s preferential right
§ 8730. Disposition of products
§ 8731. Requirements as to consultation and approval
§ 8732. Authorizations of appropriations
§ 8733. Disposition of royalties
§ 8738. Rifle, Colorado, plant; possession, use, and transfer of