77 



10 



1 to contribute his portion, his interest in the claim shall 



2 become the property of the co-owners who have paid the 



3 required fee. 



4 SEC. 203. ROYALTY. 



5 (a) Reservation of Royalty. — Production of all 



6 locatable minerals from any mining claim located under 



7 the general mining laws, or mineral concentrates or prod- 



8 ucts derived from locatable minerals from any mining 



9 claim located under the general mining laws, as the case 



10 may be, shall be subject to a royalty of 8 percent of the 



11 gross income from such production. The claimholder and 



12 any operator to whom the claimholder has assigned the 



13 obligation to make royalty payments under the claim and 



14 any person who controls such claimholder or operator shall 



15 be jointly and severally liable for payment of such royal- 



16 ties. 



17 (b) Duties of Claim Holders, Operators, and 



1 8 Transporters. — ( 1 ) A person — 



19 (A) who is required to make any royalty pay- 



20 ment under this section shall make such payments 



21 to the United States at such times and in such man- 



22 ner as the Secretary may by rule prescribe; and 



23 (B) shall notify the Secretary, in the time and 



24 manner as may be specified by the Secretary, of any 



25 assignment that such person may have made of the 



