Royalties
Royalties are payments made from one party to another based on usage of an asset, often in the form of a percentage. The Mineral Leasing Act required monetary gains from the leasing of public lands to be divided three ways, except for Alaska:
- 50 percent of gross revenues to states other than Alaska.
- 40 percent of gross revenues to Reclamation Fund.
- 10 percent of gross revenues to Federal Treasury.
- 90 percent of gross revenues to Alaska.
Read more about this topic: Mineral Leasing Act Of 1920